Brokerages Set Telos Co. (NASDAQ:TLS) Price Target at $4.80

Shares of Telos Co. (NASDAQ:TLS) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $4.80.

Several research analysts have issued reports on the company. B. Riley reaffirmed a “buy” rating and set a $5.00 price objective on shares of Telos in a report on Thursday, August 29th. DA Davidson decreased their price target on Telos from $3.50 to $2.50 and set a “neutral” rating on the stock in a report on Monday, August 12th. Needham & Company LLC restated a “hold” rating on shares of Telos in a research report on Monday, August 12th. Finally, BMO Capital Markets lifted their price target on shares of Telos from $3.00 to $4.50 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th.

Telos Stock Performance

Telos stock opened at $3.29 on Friday. Telos has a 12-month low of $1.89 and a 12-month high of $5.03. The stock has a 50-day simple moving average of $3.60 and a 200 day simple moving average of $3.67. The company has a quick ratio of 3.59, a current ratio of 3.64 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $238.13 million, a price-to-earnings ratio of -4.76 and a beta of 0.92.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in Telos by 1,396.5% in the second quarter. Bank of New York Mellon Corp now owns 180,901 shares of the company’s stock worth $727,000 after purchasing an additional 168,813 shares during the period. Renaissance Technologies LLC lifted its holdings in Telos by 22.9% during the second quarter. Renaissance Technologies LLC now owns 1,024,400 shares of the company’s stock worth $4,118,000 after acquiring an additional 190,700 shares in the last quarter. US Bancorp DE acquired a new position in Telos in the third quarter valued at about $39,000. Lazard Asset Management LLC bought a new stake in shares of Telos in the first quarter worth about $58,000. Finally, American Century Companies Inc. raised its position in shares of Telos by 11.5% during the second quarter. American Century Companies Inc. now owns 79,988 shares of the company’s stock worth $322,000 after purchasing an additional 8,229 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.