Telos (NASDAQ:TLS) Reaches New 52-Week High - What's Next?

Key Points

• Telos Corporation shares reached a new 52-week high of $7.33 in mid-day trading, closing at $7.07 with a volume of 236,848 shares.
• Analysts have recently upgraded the stock, with Wall Street Zen moving it from a "hold" to a "buy" rating, while several target prices were increased, with a consensus target of $4.83.
• Insider trading activity includes Director Bradley W. Jacobs selling 25,000 shares, decreasing his ownership by 11.72%, amid a backdrop of institutional investors increasing their stakes in the company.

Shares of Telos Corporation (NASDAQ:TLS - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $7.33 and last traded at $7.07, with a volume of 236848 shares. The stock had previously closed at $6.99.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TLS shares. Wall Street Zen upgraded shares of Telos from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. DA Davidson increased their target price on Telos from $2.25 to $4.00 and gave the company a "neutral" rating in a research note on Tuesday, August 12th. Wedbush upped their target price on shares of Telos from $4.00 to $6.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and set a $4.50 price target (up previously from $2.25) on shares of Telos in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $4.83.

Telos Trading Up 0.8%

The stock has a market cap of $512.10 million, a price-to-earnings ratio of -9.10 and a beta of 1.04. The business's fifty day simple moving average is $5.28 and its 200 day simple moving average is $3.57. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.65 and a quick ratio of 2.55.

Insider Transactions at Telos

In other Telos news, Director Bradley W. Jacobs sold 25,000 shares of the firm's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $6.26, for a total value of $156,500.00. Following the sale, the director directly owned 188,293 shares in the company, valued at approximately $1,178,714.18. This trade represents a 11.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Derrick D. Dockery sold 4,500 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $6.87, for a total transaction of $30,915.00. Following the completion of the sale, the director directly owned 182,600 shares in the company, valued at approximately $1,254,462. This trade represents a 2.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 537,544 shares of company stock valued at $3,579,041 over the last ninety days. Insiders own 14.90% of the company's stock.

Institutional Trading of Telos

Several large investors have recently added to or reduced their stakes in TLS. NBC Securities Inc. increased its holdings in shares of Telos by 100,808.3% during the first quarter. NBC Securities Inc. now owns 12,109 shares of the company's stock valued at $28,000 after purchasing an additional 12,097 shares during the period. OLD Mission Capital LLC bought a new position in Telos during the 1st quarter valued at $30,000. AQR Capital Management LLC acquired a new position in shares of Telos in the 1st quarter worth approximately $39,000. NewEdge Advisors LLC increased its holdings in shares of 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 buying an additional 4,000 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Telos by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 15,512 shares of the company's stock valued at $53,000 after purchasing an additional 5,105 shares during the last quarter. 62.14% of the stock is currently owned by institutional investors and hedge funds.

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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