Weiss Ratings Reaffirms "Sell (D-)" Rating for Telos (NASDAQ:TLS)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D-)" rating for Telos (NASDAQ: TLS), indicating concerns about the company's stock performance.
• Institutions have been actively trading Telos stock, with notable increases in holdings from several institutions, reflecting a growing interest in the company.
• Despite the "Sell" rating, some analysts have upgraded Telos, with BMO Capital Markets setting a price target of $4.50 and Wedbush increasing their target to $6.00.

Telos (NASDAQ:TLS - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other equities analysts also recently issued reports about the stock. BMO Capital Markets reaffirmed a "market perform" rating and set a $4.50 price objective (up from $2.25) on shares of Telos in a report on Tuesday, August 12th. Wedbush lifted their price target on shares of Telos from $4.00 to $6.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Wall Street Zen raised shares of Telos from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Finally, DA Davidson lifted their price target on shares of Telos from $2.25 to $4.00 and gave the company a "neutral" rating in a report on Tuesday, August 12th. One investment analyst has 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.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $4.83.

Telos Stock Performance

Shares of TLS traded up $0.20 during trading hours on Wednesday, reaching $7.41. 859,204 shares of the company traded hands, compared to its average volume of 967,674. The stock's fifty day moving average is $5.86 and its 200 day moving average is $3.77. The stock has a market cap of $538.71 million, a P/E ratio of -9.62 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. Telos has a 1-year low of $1.83 and a 1-year high of $7.48.

Insider Activity at Telos

In other news, CEO John B. Wood sold 200,000 shares of Telos 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 in the company, valued at $32,647,590.75. The trade was a 3.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Derrick D. Dockery sold 4,500 shares of Telos stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $6.87, for a total transaction of $30,915.00. Following the sale, the director owned 182,600 shares of the company's stock, valued at approximately $1,254,462. This represents a 2.41% 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 90 days. Insiders own 14.90% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in Telos by 18.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 76,660 shares of the company's stock valued at $189,000 after purchasing an additional 11,980 shares during the period. NBC Securities Inc. grew its holdings in 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. American Century Companies Inc. grew its holdings in Telos by 12.8% during the first quarter. American Century Companies Inc. now owns 108,217 shares of the company's stock valued at $258,000 after purchasing an additional 12,284 shares during the period. 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 valued at $239,000 after purchasing an additional 36,778 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 purchasing an additional 611,978 shares during the period. 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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