Brokerages Set Telos Corporation (NASDAQ:TLS) Price Target at $7.10

Telos Corporation (NASDAQ:TLS) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $7.10.

TLS has been the topic of a number of research reports. Zacks Research raised shares of Telos from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Wall Street Zen lowered shares of Telos from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings raised shares of Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday. Finally, Needham & Company LLC began coverage on Telos in a report on Tuesday, May 26th. They issued a “buy” rating and a $6.00 price objective for the company.

Telos Price Performance

Telos stock opened at $4.79 on Monday. The stock has a 50-day moving average price of $4.58 and a two-hundred day moving average price of $4.43. Telos has a 12 month low of $3.79 and a 12 month high of $8.36. The company has a market capitalization of $358.00 million, a PE ratio of -22.81 and a beta of 1.00. The company has a current ratio of 2.38, a quick ratio of 2.26 and a debt-to-equity ratio of 0.05.

Telos (NASDAQ:TLS) last released its quarterly earnings results on Monday, August 10th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. Telos had a negative return on equity of 2.60% and a negative net margin of 8.13%.The company had revenue of $47.75 million for the quarter, compared to analysts’ expectations of $45.16 million. Analysts expect that Telos will post -0.05 EPS for the current year.

Insider Transactions at Telos

In related news, EVP Gary Mark Bendza sold 97,976 shares of Telos stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $4.19, for a total value of $410,519.44. Following the transaction, the executive vice president directly owned 817,148 shares of the company’s stock, valued at $3,423,850.12. The trade was a 10.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bradley W. Jacobs sold 55,772 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $4.31, for a total value of $240,377.32. Following the completion of the sale, the director owned 166,612 shares in the company, valued at $718,097.72. The trade was a 25.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 335,772 shares of company stock worth $1,449,148 over the last ninety days. 14.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Telos

A number of hedge funds have recently bought and sold shares of TLS. Vanguard Group Inc. grew its holdings in Telos by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,914,891 shares of the company’s stock worth $19,938,000 after acquiring an additional 104,515 shares during the period. Millennium Management LLC boosted its position in shares of Telos by 28.1% during the 3rd quarter. Millennium Management LLC now owns 2,090,011 shares of the company’s stock valued at $14,296,000 after purchasing an additional 457,997 shares in the last quarter. Weber Capital Management LLC ADV acquired a new stake in Telos during the fourth quarter worth approximately $9,152,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Telos by 11.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,694,473 shares of the company’s stock worth $11,592,000 after purchasing an additional 169,285 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Telos by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 1,361,502 shares of the company’s stock valued at $6,945,000 after buying an additional 47,688 shares during the period. Institutional investors own 62.14% of the company’s stock.

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.