BMO Capital Markets Cuts Telos (NASDAQ:TLS) Price Target to $3.00

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

A number of other research analysts have also issued reports on the company. B. Riley reduced their price objective on Telos from $5.50 to $4.00 and set a buy rating for the company in a research report on Monday. Needham & Company LLC restated a hold rating on shares of Telos in a report on Monday. Wedbush restated an outperform rating and issued a $6.00 price objective on shares of Telos in a report on Monday, May 13th. Finally, DA Davidson cut their price objective on Telos from $3.50 to $2.50 and set a neutral rating for the company in a report on Monday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Telos presently has an average rating of Moderate Buy and an average target price of $4.30.

Telos Trading Up 26.2 %

NASDAQ:TLS opened at $2.77 on Tuesday. Telos has a 12-month low of $1.87 and a 12-month high of $5.03. The firm has a market capitalization of $198.78 million, a P/E ratio of -6.30 and a beta of 0.98. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.05 and a quick ratio of 4.00. The business has a 50 day simple moving average of $3.78 and a 200 day simple moving average of $3.82.

Insider Buying and Selling

In other Telos news, Director Fredrick Schaufeld acquired 8,219 shares of Telos stock in a transaction that occurred on Monday, May 20th. The stock was purchased at an average cost of $3.80 per share, with a total value of $31,232.20. Following the purchase, the director now owns 394,484 shares in the company, valued at $1,499,039.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Fredrick Schaufeld purchased 8,219 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was bought at an average cost of $3.80 per share, with a total value of $31,232.20. Following the purchase, the director now directly owns 394,484 shares of the company’s stock, valued at $1,499,039.20. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO John B. Wood purchased 158,644 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average cost of $2.39 per share, with a total value of $379,159.16. Following the completion of the purchase, the chief executive officer now directly owns 5,026,925 shares in the company, valued at $12,014,350.75. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 522,041 shares of company stock valued at $1,911,334. Corporate insiders own 12.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TLS. Fifth Lane Capital LP acquired a new position in shares of Telos during the 1st quarter valued at about $44,000. AJOVista LLC acquired a new position in shares of Telos during the 4th quarter valued at about $56,000. SG Americas Securities LLC acquired a new stake in Telos in the 1st quarter valued at approximately $58,000. Lazard Asset Management LLC acquired a new stake in Telos in the 1st quarter valued at approximately $58,000. Finally, Pinnacle Wealth Management Advisory Group LLC grew its holdings in Telos by 73.8% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 18,175 shares of the company’s stock valued at $66,000 after buying an additional 7,720 shares during the last quarter. Institutional investors and hedge funds own 62.14% of the company’s stock.

About Telos

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.