Telos (NASDAQ:TLS) Stock Rating Reaffirmed by Needham & Company LLC

Telos (NASDAQ:TLS)‘s stock had its “hold” rating reiterated by equities researchers at Needham & Company LLC in a research note issued on Monday, Benzinga reports.

Other equities analysts also recently issued reports about the stock. BMO Capital Markets cut their price objective on shares of Telos from $4.50 to $4.00 and set a “market perform” rating on the stock in a report on Monday, May 13th. Wedbush reissued an “outperform” rating and set a $6.00 price objective on shares of Telos in a report on Monday, May 13th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.30.

Telos Stock Down 7.2 %

Shares of NASDAQ:TLS opened at $2.44 on Monday. Telos has a 1 year low of $1.87 and a 1 year high of $5.03. The company has a market capitalization of $174.74 million, a price-to-earnings ratio of -5.53 and a beta of 0.98. The business’s 50-day moving average is $3.85 and its 200-day moving average is $3.84. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.05 and a quick ratio of 4.00.

Insider Buying and Selling at Telos

In other news, Director Fredrick Schaufeld acquired 8,219 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was acquired at an average price of $3.80 per share, for a total transaction of $31,232.20. Following the completion of the acquisition, the director now owns 394,484 shares in the company, valued at $1,499,039.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders purchased 363,397 shares of company stock worth $1,532,175. 12.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Telos

A number of institutional investors have recently modified their holdings of TLS. Masters Capital Management LLC boosted its position in shares of Telos by 3.3% during the fourth quarter. Masters Capital Management LLC now owns 3,100,000 shares of the company’s stock valued at $11,315,000 after buying an additional 100,000 shares during the last quarter. Pinnacle Associates Ltd. raised its stake in shares of Telos by 3.0% in the first quarter. Pinnacle Associates Ltd. now owns 2,779,376 shares of the company’s stock worth $11,562,000 after buying an additional 81,610 shares during the period. Acadian Asset Management LLC raised its stake in shares of Telos by 4.5% in the first quarter. Acadian Asset Management LLC now owns 2,068,075 shares of the company’s stock worth $8,600,000 after buying an additional 88,336 shares during the period. Renaissance Technologies LLC raised its stake in shares of Telos by 22.9% in the second quarter. Renaissance Technologies LLC now owns 1,024,400 shares of the company’s stock worth $4,118,000 after buying an additional 190,700 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Telos by 21.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 776,406 shares of the company’s stock worth $3,121,000 after purchasing an additional 138,657 shares in the last quarter. 62.14% of the stock is owned by hedge funds and other 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.