Telos Co. (NASDAQ:TLS) Short Interest Update

Telos Co. (NASDAQ:TLS) saw a large increase in short interest in June. As of June 15th, there was short interest totalling 1,270,000 shares, an increase of 58.3% from the May 31st total of 802,300 shares. Based on an average daily volume of 401,500 shares, the short-interest ratio is presently 3.2 days. Currently, 2.5% of the shares of the stock are short sold.

Insider Activity

In related news, CEO John B. Wood purchased 50,000 shares of Telos stock in a transaction dated Tuesday, May 14th. The shares were bought at an average cost of $3.11 per share, for a total transaction of $155,500.00. Following the purchase, the chief executive officer now owns 4,843,281 shares in the company, valued at approximately $15,062,603.91. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO John B. Wood purchased 50,000 shares of Telos stock in a transaction dated Tuesday, May 14th. The shares were bought at an average cost of $3.11 per share, for a total transaction of $155,500.00. Following the purchase, the chief executive officer now owns 4,843,281 shares in the company, valued at approximately $15,062,603.91. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Fredrick Schaufeld bought 153,447 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were acquired at an average price of $4.38 per share, for a total transaction of $672,097.86. Following the completion of the transaction, the director now owns 941,286 shares in the company, valued at $4,122,832.68. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 503,610 shares of company stock worth $1,970,882. Corporate insiders own 12.40% of the company’s stock.

Institutional Trading of Telos

Several hedge funds have recently modified their holdings of TLS. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Telos by 153.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,539,842 shares of the company’s stock valued at $9,270,000 after acquiring an additional 1,537,848 shares in the last quarter. Pinnacle Associates Ltd. increased its stake in shares of Telos by 43.4% in the 4th quarter. Pinnacle Associates Ltd. now owns 2,697,766 shares of the company’s stock valued at $9,847,000 after acquiring an additional 816,567 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of Telos by 69.5% in the 3rd quarter. GSA Capital Partners LLP now owns 614,962 shares of the company’s stock valued at $1,470,000 after acquiring an additional 252,189 shares in the last quarter. Inspire Investing LLC bought a new stake in Telos during the 1st quarter valued at $916,000. Finally, Natixis Advisors L.P. bought a new stake in Telos during the 4th quarter valued at $432,000. Institutional investors own 62.14% of the company’s stock.

Telos Price Performance

Telos stock remained flat at $4.02 during mid-day trading on Friday. 8,421,066 shares of the company’s stock traded hands, compared to its average volume of 466,984. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.00 and a current ratio of 4.05. Telos has a 52-week low of $1.87 and a 52-week high of $5.03. The firm’s 50 day moving average price is $3.79 and its two-hundred day moving average price is $3.89.

Telos (NASDAQ:TLS) last released its quarterly earnings data on Friday, May 10th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.08. The company had revenue of $29.62 million during the quarter, compared to analyst estimates of $28.50 million. Telos had a negative net margin of 22.22% and a negative return on equity of 22.69%. Equities analysts predict that Telos will post -0.77 EPS for the current year.

Analyst Ratings Changes

TLS has been the topic of several recent research reports. BMO Capital Markets cut their target price on shares of Telos from $4.50 to $4.00 and set a “market perform” rating on the stock in a research report on Monday, May 13th. Needham & Company LLC reiterated a “hold” rating on shares of Telos in a research report on Monday, June 24th. B. Riley lifted their target price on shares of Telos from $4.50 to $5.50 and gave the stock a “buy” rating in a research report on Monday, March 18th. Wedbush restated an “outperform” rating and set a $6.00 price target on shares of Telos in a report on Monday, May 13th. Finally, DA Davidson raised their price target on shares of Telos from $3.25 to $3.50 and gave the stock a “neutral” rating in a report on Monday, March 18th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Telos has an average rating of “Moderate Buy” and a consensus price target of $5.00.

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.