Telos Corporation (NASDAQ:TLS) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Telos Corporation (NASDAQ:TLS) has received a consensus rating of "Hold" from five analysts, with three holding and two buying recommendations.
• The average 1-year price target for Telos shares is $3.9375, despite BMO Capital lowering their target from $3.00 to $2.25.
• Institutional investors hold 62.14% of Telos stock, with several making notable purchases in the second quarter of the year.

Telos Corporation (NASDAQ:TLS - Get Free Report) has received a consensus recommendation of "Hold" from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $3.9375.

Several analysts have recently commented on TLS shares. Wall Street Zen upgraded Telos from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. BMO Capital Markets reduced their target price on Telos from $3.00 to $2.25 and set a "market perform" rating for the company in a research note on Monday, May 12th.

Institutional Trading of Telos

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. NBC Securities Inc. grew its stake in shares of Telos by 100,808.3% in the first quarter. NBC Securities Inc. now owns 12,109 shares of the company's stock worth $28,000 after acquiring an additional 12,097 shares in the last quarter. OLD Mission Capital LLC acquired a new position in Telos in the first quarter valued at $30,000. AQR Capital Management LLC acquired a new position in Telos in the first quarter valued at $39,000. NewEdge Advisors LLC boosted its stake in Telos by 28.7% in the first quarter. NewEdge Advisors LLC now owns 17,918 shares of the company's stock valued at $43,000 after acquiring an additional 4,000 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in Telos by 49.1% in the fourth quarter. ProShare Advisors LLC now owns 15,512 shares of the company's stock valued at $53,000 after acquiring an additional 5,105 shares in the last quarter. Hedge funds and other institutional investors own 62.14% of the company's stock.

Telos Trading Down 2.2%

NASDAQ:TLS traded down $0.06 during midday trading on Tuesday, hitting $2.42. The stock had a trading volume of 450,816 shares, compared to its average volume of 619,114. The company has a quick ratio of 3.94, a current ratio of 4.00 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $177.48 million, a price-to-earnings ratio of -3.22 and a beta of 0.96. The stock has a 50-day moving average of $2.78 and a 200 day moving average of $2.79. Telos has a one year low of $1.83 and a one year high of $4.82.

About Telos

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.