Telos (NASDAQ:TLS) Price Target Lowered to $2.75 at B. Riley

Telos (NASDAQ:TLS – Get Rating) had its price objective decreased by investment analysts at B. Riley from $5.00 to $2.75 in a research report issued on Friday, The Fly reports. B. Riley’s price target points to a potential upside of 13.64% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the stock. Northland Securities cut shares of Telos from an “outperform” rating to a “market perform” rating and set a $5.00 price objective for the company. in a research report on Tuesday, January 3rd. Wedbush decreased their price objective on shares of Telos from $8.00 to $5.00 and set an “outperform” rating for the company in a research report on Friday. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Telos has an average rating of “Hold” and an average target price of $5.63.

Telos Price Performance

Telos stock opened at $2.42 on Friday. The stock has a market cap of $162.65 million, a P/E ratio of -4.10 and a beta of 0.53. The company has a fifty day simple moving average of $4.37 and a 200-day simple moving average of $6.34. Telos has a 12-month low of $2.03 and a 12-month high of $12.51. The company has a current ratio of 3.27, a quick ratio of 3.19 and a debt-to-equity ratio of 0.07.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Swiss National Bank lifted its holdings in shares of Telos by 8.8% in the 1st quarter. Swiss National Bank now owns 39,500 shares of the company’s stock valued at $394,000 after buying an additional 3,200 shares during the period. JPMorgan Chase & Co. increased its position in Telos by 291.0% during the first quarter. JPMorgan Chase & Co. now owns 143,925 shares of the company’s stock worth $1,435,000 after buying an additional 107,114 shares in the last quarter. Bank of New York Mellon Corp increased its position in Telos by 96.8% during the first quarter. Bank of New York Mellon Corp now owns 255,755 shares of the company’s stock worth $2,549,000 after buying an additional 125,812 shares in the last quarter. Group One Trading L.P. increased its position in Telos by 131.6% during the first quarter. Group One Trading L.P. now owns 19,428 shares of the company’s stock worth $194,000 after buying an additional 11,041 shares in the last quarter. Finally, Citigroup Inc. increased its position in Telos by 21.4% during the first quarter. Citigroup Inc. now owns 175,039 shares of the company’s stock worth $1,745,000 after buying an additional 30,897 shares in the last quarter. 60.44% of the stock is currently owned by hedge funds and other institutional investors.

Telos Company Profile

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Telos Corporation, together with its subsidiaries, provides information technology (IT) solutions and services worldwide. It provides Xacta, a premier platform for enterprise cyber risk management and security compliance automation solutions to large commercial and government enterprises; and Telos Ghost, a solution to eliminate cyber-attack surfaces by obfuscating and encrypting data, masking user identity and location, and hiding network resources, as well as provides security and privacy for intelligence gathering, cyber threat protection, securing critical infrastructure, and protecting communications and applications.