Brokerages Set Telos Corporation (NASDAQ:TLS) Target Price at $7.75

Shares of Telos Corporation (NASDAQ:TLS) have been given an average rating of “Hold” by the six analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $7.75.

Several analysts have recently weighed in on TLS shares. B. Riley Financial reissued a “buy” rating and issued a $9.00 price target (up from $8.50) on shares of Telos in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telos in a report on Wednesday, January 21st. Wedbush increased their price objective on Telos from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 11th. Finally, DA Davidson raised their target price on Telos from $4.00 to $7.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th.

Insider Transactions at Telos

In related news, EVP Gary Mark Bendza sold 242,337 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $6.19, for a total transaction of $1,500,066.03. Following the completion of the sale, the executive vice president directly owned 637,574 shares of the company’s stock, valued at approximately $3,946,583.06. This trade represents a 27.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Fredrick Schaufeld sold 22,239 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $6.02, for a total transaction of $133,878.78. Following the completion of the transaction, the director directly owned 948,718 shares in the company, valued at $5,711,282.36. The trade was a 2.29% decrease in their position. The SEC filing for this sale provides additional information. 14.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Telos

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TLS. Zacks Investment Management acquired a new position in shares of Telos in the fourth quarter worth $71,000. Tudor Investment Corp ET AL boosted its holdings in Telos by 17.0% in the fourth quarter. Tudor Investment Corp ET AL now owns 450,882 shares of the company’s stock valued at $2,299,000 after purchasing an additional 65,587 shares during the period. Polymer Capital Management US LLC acquired a new position in Telos during the 4th quarter worth $91,000. Occudo Quantitative Strategies LP increased its holdings in Telos by 12.3% during the 4th quarter. Occudo Quantitative Strategies LP now owns 68,514 shares of the company’s stock worth $349,000 after purchasing an additional 7,484 shares during the period. Finally, Oxford Asset Management LLP acquired a new stake in Telos in the 4th quarter valued at about $243,000. Hedge funds and other institutional investors own 62.14% of the company’s stock.

Telos Stock Up 7.0%

Shares of TLS opened at $4.57 on Monday. Telos has a 52-week low of $1.83 and a 52-week high of $8.36. The company has a quick ratio of 2.67, a current ratio of 2.76 and a debt-to-equity ratio of 0.05. The stock has a fifty day simple moving average of $4.97 and a two-hundred day simple moving average of $5.88. The company has a market capitalization of $337.04 million, a PE ratio of -11.15 and a beta of 1.03.

About Telos

Telos Corporation (NASDAQ: TLS) is a provider of cybersecurity, secure communications, and enterprise IT solutions designed to help organizations manage risk, accelerate mission delivery and maintain compliance. The company’s core business activities encompass risk management and compliance automation, secure mobility, zero-trust architecture, cloud security, and identity and access management. Telos serves a diverse customer base that includes U.S. federal agencies, the Department of Defense, intelligence communities and select commercial enterprises.

Among its flagship offerings is the Xacta® platform, which automates assessment and authorization for IT systems and cloud environments, helping clients streamline compliance with NIST, FedRAMP and other frameworks.