Telos (NASDAQ:TLS) Price Target Raised to $4.50

Telos (NASDAQ:TLS) had its price target hoisted by BMO Capital Markets from $3.00 to $4.50 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a market perform rating on the stock.

TLS has been the topic of several other research reports. Needham & Company LLC reiterated a “hold” rating on shares of Telos in a research report on Monday, August 12th. B. Riley reiterated a “buy” rating and issued a $5.00 price target on shares of Telos in a research note on Thursday, August 29th. Finally, DA Davidson dropped their price objective on Telos from $3.50 to $2.50 and set a “neutral” rating for the company in a research report 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $4.80.

Telos Trading Down 5.7 %

TLS opened at $3.30 on Wednesday. The company has a quick ratio of 4.70, a current ratio of 3.64 and a debt-to-equity ratio of 0.06. Telos has a twelve month low of $1.89 and a twelve month high of $5.03. The stock has a market capitalization of $238.85 million, a price-to-earnings ratio of -4.71 and a beta of 0.96. The company has a 50-day simple moving average of $3.62 and a 200 day simple moving average of $3.69.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TLS. Barclays PLC increased its holdings in Telos by 0.6% in the 3rd quarter. Barclays PLC now owns 9,180,956 shares of the company’s stock worth $32,961,000 after purchasing an additional 52,320 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Telos during the third quarter worth about $64,000. XTX Topco Ltd acquired a new position in shares of Telos in the third quarter valued at approximately $240,000. EP Wealth Advisors LLC bought a new position in Telos in the 3rd quarter valued at approximately $3,665,000. Finally, State Street Corp increased its position in Telos by 27.0% in the 3rd quarter. State Street Corp now owns 933,156 shares of the company’s stock valued at $3,350,000 after acquiring an additional 198,676 shares during the period. 62.14% of the stock is currently owned by institutional investors.

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.