Wedbush Issues Positive Forecast for Telos (NASDAQ:TLS) Stock Price

Key Points

• Wedbush has raised its price target for Telos (NASDAQ:TLS) from $6.00 to $9.00, signifying a potential upside of 26.32% from its previous close.
• Currently, Telos has mixed ratings from analysts, with two rating it as a Buy, three as Hold, and one as Sell, resulting in a consensus rating of "Hold" with an average target price of $5.83.
• Insider trading activity includes CEO John B. Wood selling 200,000 shares, reducing his ownership by 3.86%, amidst overall insider ownership of 14.90% in the company.

Telos (NASDAQ:TLS - Get Free Report) had its price objective increased by Wedbush from $6.00 to $9.00 in a report released on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Wedbush's price target suggests a potential upside of 26.32% from the company's previous close.

TLS has been the topic of a number of other research reports. BMO Capital Markets reaffirmed a "market perform" rating and set a $4.50 target price (up previously from $2.25) on shares of Telos in a research note on Tuesday, August 12th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Telos in a research report on Wednesday, October 8th. B. Riley reaffirmed a "buy" rating on shares of Telos in a research note on Friday. DA Davidson upped their target price on shares of Telos from $2.25 to $4.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen raised Telos from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $5.83.

Telos Price Performance

Shares of Telos stock opened at $7.13 on Monday. Telos has a one year low of $1.83 and a one year high of $7.48. The stock has a market cap of $517.99 million, a price-to-earnings ratio of -9.01 and a beta of 1.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.55 and a current ratio of 2.65. The stock has a 50 day moving average price of $6.49 and a 200-day moving average price of $4.00.

Insider Activity

In related news, CEO John B. Wood sold 200,000 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $6.55, for a total transaction of $1,310,000.00. Following the completion of the sale, the chief executive officer owned 4,984,365 shares of the company's stock, valued at $32,647,590.75. This represents a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Bradley W. Jacobs sold 25,000 shares of the company'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 transaction, the director directly owned 188,293 shares in the company, valued at approximately $1,178,714.18. The trade was a 11.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 537,544 shares of company stock worth $3,579,041 over the last 90 days. 14.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Telos

A number of large investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Telos by 9.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,181,590 shares of the company's stock worth $17,097,000 after buying an additional 611,978 shares during the last quarter. Jane Street Group LLC purchased a new stake in Telos in the 2nd quarter worth approximately $1,801,000. Acuitas Investments LLC acquired a new stake in shares of Telos during the 1st quarter worth approximately $1,085,000. Marshall Wace LLP grew its stake in shares of Telos by 681.9% during the 2nd quarter. Marshall Wace LLP now owns 348,270 shares of the company's stock worth $1,104,000 after purchasing an additional 303,726 shares during the period. Finally, Manatuck Hill Partners LLC acquired a new position in shares of Telos in the 2nd quarter valued at $792,000. Hedge funds and other institutional investors 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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