Telos (NASDAQ:TLS) Trading 10.8% Higher - What's Next?

Key Points

• Telos Corporation shares rose by 10.8% during mid-day trading, reaching a price of $7.55 after closing at $6.82, despite a decline in trading volume.
• Analysts' price targets for Telos vary widely, with B. Riley rating it a "buy," while Weiss Ratings maintained a "sell" rating, resulting in an average target price of $5.83.
• Insider selling has been notable, with Director Fredrick Schaufeld selling over 255,000 shares, decreasing his ownership by 16.02% amid a backdrop of increasing interest from institutional investors.

Telos Corporation (NASDAQ:TLS - Get Free Report) shares traded up 10.8% during mid-day trading on Thursday . The company traded as high as $7.46 and last traded at $7.55. 776,376 shares changed hands during trading, a decline of 15% from the average session volume of 909,442 shares. The stock had previously closed at $6.82.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. B. Riley restated a "buy" rating on shares of Telos in a research report on Friday, October 17th. DA Davidson boosted their target price on shares of Telos from $2.25 to $4.00 and gave the company a "neutral" rating in a report on Tuesday, August 12th. Wall Street Zen upgraded shares of Telos from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Wedbush boosted their price objective on shares of Telos from $6.00 to $9.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Telos in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Telos presently has an average rating of "Hold" and an average target price of $5.83.

Telos Stock Performance

The firm has a market capitalization of $537.62 million, a price-to-earnings ratio of -9.60 and a beta of 1.07. The firm's fifty day moving average is $6.61 and its 200 day moving average is $4.07. 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 Buying and Selling

In other news, Director Fredrick Schaufeld sold 255,449 shares of Telos stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $6.79, for a total value of $1,734,498.71. Following the transaction, the director 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 document filed with the SEC, which can be accessed through this hyperlink. Also, Director Bradley W. Jacobs sold 25,000 shares of Telos stock in a transaction on Monday, August 25th. The stock was sold at an average price of $6.26, for a total transaction of $156,500.00. Following the sale, the director owned 188,293 shares in the company, valued at $1,178,714.18. This represents a 11.72% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 537,544 shares of company stock valued at $3,579,041. 14.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Telos

Several institutional investors and hedge funds have recently made changes to their positions in TLS. OLD Mission Capital LLC bought a new position in shares of Telos in the first quarter valued at about $30,000. AQR Capital Management LLC bought a new position in shares of Telos in the first quarter valued at about $39,000. FNY Investment Advisers LLC bought a new position in shares of Telos in the second quarter valued at about $53,000. LeConte Wealth Management LLC bought a new position in shares of Telos in the second quarter valued at about $54,000. Finally, NewEdge Advisors LLC raised 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 during the last quarter. Institutional investors and hedge funds own 62.14% of the company's stock.

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.

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