Telos (NASDAQ:TLS) Given New $9.00 Price Target at Wedbush

Telos (NASDAQ:TLSFree Report) had its price target increased by Wedbush from $6.00 to $9.00 in a report published on Monday morning,Benzinga reports. Wedbush currently has an outperform rating on the stock.

Several other equities analysts have also recently weighed in on the stock. B. Riley reaffirmed a “buy” rating on shares of Telos in a research note on Friday. Wall Street Zen raised shares of Telos from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. DA Davidson raised their price target on shares of Telos from $2.25 to $4.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 12th. BMO Capital Markets reissued a “market perform” rating and issued a $4.50 target price (up from $2.25) on shares of Telos in a research note on Tuesday, August 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Telos in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $5.83.

Check Out Our Latest Stock Report on Telos

Telos Price Performance

Shares of TLS opened at $7.10 on Monday. The stock has a market capitalization of $516.17 million, a P/E ratio of -9.22 and a beta of 1.07. Telos has a twelve month low of $1.83 and a twelve month high of $7.48. The company has a 50 day moving average of $6.55 and a 200-day moving average of $4.04. The company has a quick ratio of 2.55, a current ratio of 2.65 and a debt-to-equity ratio of 0.06.

Insider Buying and Selling at Telos

In related news, Director Fredrick Schaufeld sold 255,449 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $6.79, for a total transaction of $1,734,498.71. Following the transaction, the director directly owned 1,338,698 shares in the company, valued at approximately $9,089,759.42. The trade was a 16.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John W. Maluda sold 52,595 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $6.60, for a total transaction of $347,127.00. Following the transaction, the director owned 185,387 shares in the company, valued at approximately $1,223,554.20. The trade was a 22.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 537,544 shares of company stock valued at $3,579,041 in the last 90 days. Company insiders own 14.90% of the company’s stock.

Hedge Funds Weigh In On Telos

Several institutional investors and hedge funds have recently modified their holdings of TLS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Telos by 9.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,181,590 shares of the company’s stock valued at $17,097,000 after purchasing an additional 611,978 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Telos in the second quarter valued at $1,801,000. Acuitas Investments LLC acquired a new position in shares of Telos in the first quarter valued at $1,085,000. Marshall Wace LLP increased its holdings in shares of Telos by 681.9% in the second quarter. Marshall Wace LLP now owns 348,270 shares of the company’s stock valued at $1,104,000 after purchasing an additional 303,726 shares during the last quarter. Finally, Manatuck Hill Partners LLC acquired a new position in shares of Telos in the second quarter valued at $792,000. 62.14% of the stock is currently owned by institutional investors and hedge funds.

About Telos

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Telos Corporation, together with its subsidiaries, provides cyber, cloud, and enterprise security solutions worldwide. The company operates in two segments, Security Solutions and Secure Networks. It provides Xacta, a platform for enterprise cyber risk management and security compliance automation; and consulting, assessment and compliance, engineering and evaluation, operations, and penetration testing services.

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Analyst Recommendations for Telos (NASDAQ:TLS)

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