Telos Corporation (NASDAQ:TLS) Receives Average Rating of "Hold" from Brokerages

Key Points

• Telos Corporation (NASDAQ:TLS) received a consensus rating of "Hold" from five rating firms, with one sell, three hold, and one buy recommendation.
• CEO John B. Wood sold 200,000 shares of Telos stock for approximately $1.31 million, reducing his position by 3.86%.
• Institutional investors significantly increased their stakes in Telos, with ownership now at 62.14% of the company's stock.

Shares of Telos Corporation (NASDAQ:TLS - Get Free Report) have been assigned a consensus rating of "Hold" from the five ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $4.8333.

TLS has been the subject of several recent research reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Telos in a research note on Saturday, September 27th. Wall Street Zen upgraded shares of Telos from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. BMO Capital Markets reiterated a "market perform" rating and issued a $4.50 target price (up from $2.25) on shares of Telos in a report on Tuesday, August 12th. DA Davidson raised their target price on Telos from $2.25 to $4.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 12th. Finally, Wedbush boosted their target price on Telos from $4.00 to $6.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th.

Insider Activity

In other news, CEO John B. Wood sold 200,000 shares of Telos stock in a transaction on Friday, September 5th. The stock was sold at an average price of $6.55, for a total transaction of $1,310,000.00. Following the transaction, the chief executive officer directly owned 4,984,365 shares in the company, valued at approximately $32,647,590.75. This trade represents a 3.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bradley W. Jacobs sold 25,000 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $6.26, for a total value of $156,500.00. Following the completion of the sale, the director directly owned 188,293 shares of the company's stock, valued at $1,178,714.18. This represents a 11.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 537,544 shares of company stock worth $3,579,041 over the last ninety days. 14.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Telos

Hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Telos by 9.3% during 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 buying an additional 611,978 shares during the period. Jane Street Group LLC bought a new stake in Telos in the second quarter worth $1,801,000. Acuitas Investments LLC boosted its stake in Telos by 14.3% during the second quarter. Acuitas Investments LLC now owns 521,413 shares of the company's stock worth $1,653,000 after buying an additional 65,356 shares during the period. GSA Capital Partners LLP boosted its stake in shares of Telos by 35.1% during the first quarter. GSA Capital Partners LLP now owns 482,171 shares of the company's stock valued at $1,148,000 after purchasing an additional 125,172 shares during the period. Finally, Tocqueville Asset Management L.P. raised its holdings in Telos by 17.7% in the first quarter. Tocqueville Asset Management L.P. now owns 465,000 shares of the company's stock worth $1,107,000 after purchasing an additional 70,000 shares in the last quarter. Institutional investors own 62.14% of the company's stock.

Telos Price Performance

Shares of NASDAQ:TLS traded down $0.19 during trading on Friday, hitting $6.79. 752,435 shares of the company were exchanged, compared to its average volume of 1,025,332. The company has a market capitalization of $493.63 million, a P/E ratio of -8.82 and a beta of 1.07. The business's 50 day moving average is $5.59 and its 200-day moving average is $3.67. The company has a quick ratio of 2.55, a current ratio of 2.65 and a debt-to-equity ratio of 0.06. Telos has a 1-year low of $1.83 and a 1-year high of $7.33.

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.

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