Telos (NASDAQ:TLS) Given New $2.50 Price Target at DA Davidson

Telos (NASDAQ:TLS) had its price target reduced by DA Davidson from $3.50 to $2.50 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s target price points to a potential downside of 2.15% from the company’s current price.

A number of other brokerages have also recently weighed in on TLS. Wedbush reiterated an “outperform” rating and set a $6.00 price target on shares of Telos in a research report on Tuesday. BMO Capital Markets upped 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. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Telos presently has an average rating of “Hold” and a consensus target price of $4.50.

Telos Stock Down 2.1 %

NASDAQ TLS traded down $0.06 on Tuesday, hitting $2.56. 242,269 shares of the stock traded hands, compared to its average volume of 304,627. The company has a market capitalization of $184.93 million, a P/E ratio of -3.65 and a beta of 0.90. The stock has a 50-day moving average of $3.22 and a 200 day moving average of $3.42. The company has a current ratio of 3.64, a quick ratio of 3.59 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.

Telos (NASDAQ:TLS) last announced its quarterly earnings data on Monday, March 10th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.05). Telos had a negative return on equity of 28.19% and a negative net margin of 40.80%. The firm had revenue of $26.37 million for the quarter, compared to the consensus estimate of $25.55 million. During the same quarter last year, the business earned ($0.09) earnings per share. As a group, analysts expect that Telos will post -0.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Telos by 100.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,569,612 shares of the company’s stock worth $22,469,000 after purchasing an additional 3,296,586 shares during the period. EP Wealth Advisors LLC acquired a new stake in shares of Telos in the 3rd quarter worth approximately $3,665,000. Tocqueville Asset Management L.P. bought a new position in shares of Telos in the fourth quarter valued at approximately $1,351,000. Barclays PLC increased its stake in shares of Telos by 3.7% during the fourth quarter. Barclays PLC now owns 9,523,032 shares of the company’s stock valued at $32,569,000 after acquiring an additional 342,076 shares during the period. Finally, State Street Corp raised its holdings in Telos by 27.0% during the third quarter. State Street Corp now owns 933,156 shares of the company’s stock worth $3,350,000 after purchasing an additional 198,676 shares in the last quarter. Institutional investors 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.