Telos Corporation (NASDAQ:TLS) Given Consensus Recommendation of “Hold” by Analysts

Shares of Telos Corporation (NASDAQ:TLS) have received an average rating of “Hold” from the five brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $7.3750.

Several equities analysts have recently issued reports on TLS shares. Wedbush lowered their price target on Telos from $10.00 to $8.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telos in a research report on Monday, April 20th. Finally, BMO Capital Markets decreased their target price on Telos from $8.00 to $5.00 and set a “market perform” rating on the stock in a report on Monday, March 16th.

Telos Stock Down 0.7%

Shares of TLS stock opened at $4.20 on Friday. Telos has a 1 year low of $2.37 and a 1 year high of $8.36. The stock has a market cap of $314.24 million, a PE ratio of -12.00 and a beta of 0.95. The business’s fifty day moving average is $4.28 and its 200-day moving average is $5.04. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.57 and a current ratio of 2.59.

Telos (NASDAQ:TLS) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. Telos had a negative return on equity of 11.95% and a negative net margin of 14.25%.The company had revenue of $47.74 million for the quarter, compared to analysts’ expectations of $44.63 million. Equities analysts expect that Telos will post -0.22 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Edward Hutchinson Jr. Robbins sold 64,527 shares of Telos stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $4.02, for a total value of $259,398.54. Following the transaction, the executive vice president directly owned 567,278 shares in the company, valued at $2,280,457.56. The trade was a 10.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders sold 105,723 shares of company stock valued at $425,292. Insiders own 14.90% of the company’s stock.

Hedge Funds Weigh In On Telos

Hedge funds have recently modified their holdings of the stock. Acuitas Investments LLC grew its holdings in shares of Telos by 48.0% in the 3rd quarter. Acuitas Investments LLC now owns 771,813 shares of the company’s stock worth $5,279,000 after acquiring an additional 250,400 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Telos by 391.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 193,081 shares of the company’s stock worth $1,321,000 after acquiring an additional 153,802 shares during the last quarter. Weber Capital Management LLC ADV acquired a new position in shares of Telos in the 4th quarter worth $9,152,000. Renaissance Technologies LLC grew its holdings in shares of Telos by 29.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,118,914 shares of the company’s stock worth $4,688,000 after acquiring an additional 256,014 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC grew its holdings in shares of Telos by 50.4% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 126,223 shares of the company’s stock worth $529,000 after acquiring an additional 42,301 shares during the last quarter. 62.14% of the stock is currently owned by institutional investors and hedge funds.

About Telos

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.