Telos (NASDAQ:TLS) Price Target Cut to $3.00

Telos (NASDAQ:TLS) had its target price reduced by BMO Capital Markets from $4.00 to $3.00 in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have a market perform rating on the stock.

TLS has been the topic of several other reports. B. Riley cut their target price on Telos from $5.50 to $4.00 and set a buy rating on the stock in a report on Monday, August 12th. DA Davidson reduced their target price on Telos from $3.50 to $2.50 and set a neutral rating for the company in a report on Monday, August 12th. Wedbush reiterated an outperform rating and set a $6.00 price target on shares of Telos in a report on Monday, May 13th. Finally, Needham & Company LLC restated a hold rating on shares of Telos in a research note on Monday, August 12th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $4.30.

Telos Stock Performance

Telos stock opened at $2.82 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.00 and a current ratio of 4.76. Telos has a 1-year low of $1.87 and a 1-year high of $5.03. The firm’s fifty day simple moving average is $3.76 and its 200-day simple moving average is $3.81.

Insider Buying and Selling at Telos

In related news, CEO John B. Wood bought 158,644 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average price of $2.39 per share, with a total value of $379,159.16. Following the completion of the transaction, the chief executive officer now owns 5,026,925 shares of the company’s stock, valued at approximately $12,014,350.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Fredrick Schaufeld purchased 153,447 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were purchased at an average cost of $4.38 per share, for a total transaction of $672,097.86. Following the completion of the purchase, the director now directly owns 941,286 shares of the company’s stock, valued at approximately $4,122,832.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO John B. Wood acquired 158,644 shares of Telos stock in a transaction on Monday, August 12th. The stock was purchased at an average price of $2.39 per share, with a total value of $379,159.16. Following the transaction, the chief executive officer now directly owns 5,026,925 shares in the company, valued at approximately $12,014,350.75. The disclosure for this purchase can be found here. Insiders have acquired 522,041 shares of company stock valued at $1,911,334 in the last 90 days. 12.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Fifth Lane Capital LP acquired a new position in Telos in the first quarter worth about $44,000. SG Americas Securities LLC acquired a new position in shares of Telos in the 1st quarter worth approximately $58,000. Lazard Asset Management LLC bought a new position in shares of Telos during the 1st quarter worth approximately $58,000. AJOVista LLC acquired a new stake in Telos in the 4th quarter valued at $56,000. Finally, Pinnacle Wealth Management Advisory Group LLC grew its position in Telos by 73.8% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 18,175 shares of the company’s stock valued at $66,000 after acquiring an additional 7,720 shares during the period. 62.14% of the stock is currently 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.