Brokerages Set Telos Corporation (NASDAQ:TLS) Price Target at $7.75

Shares of Telos Corporation (NASDAQ:TLS) have earned a consensus rating of “Hold” from the six brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $7.75.

Several brokerages have commented on TLS. DA Davidson upped their target price on shares of Telos from $4.00 to $7.50 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Wedbush lifted their target price on Telos from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Tuesday, November 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Telos in a report on Wednesday, October 8th. Finally, B. Riley reiterated a “buy” rating and set a $9.00 price objective (up previously from $8.50) on shares of Telos in a report on Tuesday, November 11th.

Insider Activity

In other Telos news, Director Fredrick Schaufeld sold 155,794 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $5.87, for a total value of $914,510.78. Following the sale, the director owned 1,182,904 shares in the company, valued at approximately $6,943,646.48. The trade was a 11.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Gary Mark Bendza sold 242,337 shares of Telos stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $6.19, for a total transaction of $1,500,066.03. Following the completion of the sale, the executive vice president owned 637,574 shares in the company, valued at $3,946,583.06. This trade represents a 27.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 502,317 shares of company stock valued at $3,019,651 over the last ninety days. 14.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Telos

Several hedge funds and other institutional investors have recently made changes to their positions in TLS. Rhumbline Advisers grew its position in shares of Telos by 3.4% in the 2nd quarter. Rhumbline Advisers now owns 82,432 shares of the company’s stock valued at $261,000 after acquiring an additional 2,740 shares during the period. Public Employees Retirement System of Ohio lifted its stake in Telos by 12.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 27,749 shares of the company’s stock valued at $190,000 after purchasing an additional 3,100 shares during the last quarter. American Century Companies Inc. grew its holdings in Telos by 3.6% during the second quarter. American Century Companies Inc. now owns 112,106 shares of the company’s stock worth $355,000 after purchasing an additional 3,889 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Telos by 28.7% during the 1st quarter. NewEdge Advisors LLC now owns 17,918 shares of the company’s stock worth $43,000 after acquiring an additional 4,000 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of Telos by 20.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 25,746 shares of the company’s stock worth $176,000 after acquiring an additional 4,458 shares during the last quarter. 62.14% of the stock is owned by institutional investors.

Telos Stock Performance

TLS stock opened at $5.66 on Friday. Telos has a twelve month low of $1.83 and a twelve month high of $8.36. The company has a quick ratio of 2.67, a current ratio of 2.76 and a debt-to-equity ratio of 0.05. The company has a market cap of $417.45 million, a P/E ratio of -13.80 and a beta of 0.96. The business’s fifty day moving average is $5.60 and its 200-day moving average is $5.50.

Telos (NASDAQ:TLS) last released its quarterly earnings data on Monday, November 10th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. Telos had a negative return on equity of 26.12% and a negative net margin of 20.47%.The business had revenue of $51.44 million during the quarter, compared to the consensus estimate of $45.70 million. Equities research analysts forecast that Telos will post -0.68 EPS for the current year.

Telos Company Profile

Telos Corporation (NASDAQ: TLS) is a provider of cybersecurity, secure communications, and enterprise IT solutions designed to help organizations manage risk, accelerate mission delivery and maintain compliance. The company’s core business activities encompass risk management and compliance automation, secure mobility, zero-trust architecture, cloud security, and identity and access management. Telos serves a diverse customer base that includes U.S. federal agencies, the Department of Defense, intelligence communities and select commercial enterprises.

Among its flagship offerings is the Xacta® platform, which automates assessment and authorization for IT systems and cloud environments, helping clients streamline compliance with NIST, FedRAMP and other frameworks.