Telos (NASDAQ:TLS) Reaches New 52-Week High - Should You Buy?

Key Points

• Telos Corporation's stock reached a new 52-week high of $7.06, closing at $6.92, with over 1 million shares traded.
• Multiple analysts upgraded their ratings on Telos, with DA Davidson setting a new price target of $4.00 and Wedbush raising it to $6.00.
• Insider activity included Director Bradley W. Jacobs selling 25,000 shares and CEO John B. Wood selling 200,000 shares, decreasing their respective holdings.

Telos Corporation (NASDAQ:TLS - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The company traded as high as $7.06 and last traded at $6.92, with a volume of 1014626 shares trading hands. The stock had previously closed at $6.45.

Wall Street Analyst Weigh In

TLS has been the subject of a number of research analyst reports. DA Davidson increased their price target on Telos from $2.25 to $4.00 and gave the company a "neutral" rating in a research note on Tuesday, August 12th. Wall Street Zen upgraded Telos from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Wedbush increased their price target on 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 reiterated a "market perform" rating and issued a $4.50 price target (up from $2.25) on shares of Telos in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Telos has an average rating of "Hold" and an average price target of $4.83.

Telos Stock Performance

The stock has a market capitalization of $484.91 million, a PE ratio of -8.66 and a beta of 1.06. The company has a quick ratio of 2.55, a current ratio of 2.65 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average price of $4.54 and a 200-day moving average price of $3.31.

Insider Transactions at Telos

In related news, Director Fredrick Schaufeld sold 255,449 shares of the firm's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $6.79, for a total transaction of $1,734,498.71. Following the sale, the director directly owned 1,338,698 shares of the company's stock, valued at $9,089,759.42. This trade represents a 16.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Derrick D. Dockery sold 4,500 shares of the firm's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $6.87, for a total value of $30,915.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 537,544 shares of company stock valued at $3,579,041. 14.90% of the stock is owned by company insiders.

Institutional Trading of Telos

Several hedge funds and other institutional investors have recently bought and sold shares of TLS. Bank of America Corp DE grew its holdings in Telos by 111.5% during the fourth quarter. Bank of America Corp DE now owns 69,761 shares of the company's stock worth $239,000 after acquiring an additional 36,778 shares during the period. Deutsche Bank AG grew its holdings in Telos by 33.5% in the fourth quarter. Deutsche Bank AG now owns 43,981 shares of the company's stock valued at $150,000 after purchasing an additional 11,037 shares during the period. ProShare Advisors LLC grew its holdings 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 purchasing an additional 5,105 shares during the period. Alpha Wealth Funds LLC acquired a new stake in Telos in the fourth quarter valued at approximately $69,000. Finally, NBC Securities Inc. grew its holdings in Telos by 100,808.3% in 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. 62.14% of the stock is owned by institutional investors and hedge funds.

Telos Company Profile

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.