Telos Corporation (NASDAQ:TLS) Receives Consensus Rating of “Hold” from Analysts

Telos Corporation (NASDAQ:TLS) has earned an average recommendation of “Hold” from the six brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $7.10.

Several analysts recently commented on the company. BMO Capital Markets dropped their price target on Telos from $8.00 to $5.00 and set a “market perform” rating for the company in a research report on Monday, March 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telos in a research report on Monday, April 20th. Wedbush dropped their price target on Telos from $10.00 to $8.00 and set an “outperform” rating for the company in a research report on Tuesday, March 17th. Finally, Needham & Company LLC assumed coverage on Telos in a research report on Tuesday, May 26th. They set a “buy” rating and a $6.00 price target for the company.

Telos Trading Up 1.4%

Shares of TLS stock opened at $4.41 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.59 and a quick ratio of 2.59. The company has a market cap of $329.96 million, a price-to-earnings ratio of -12.60 and a beta of 0.97. The stock has a 50 day simple moving average of $4.40 and a 200-day simple moving average of $4.79. Telos has a 1-year low of $2.37 and a 1-year high of $8.36.

Telos (NASDAQ:TLS) last announced its earnings results on Monday, May 11th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.04. The business had revenue of $47.74 million during the quarter, compared to the consensus estimate of $44.63 million. Telos had a negative return on equity of 11.95% and a negative net margin of 14.25%. On average, equities research analysts expect that Telos will post -0.21 EPS for the current fiscal year.

Insider Activity at Telos

In related news, EVP Edward Hutchinson Jr. Robbins sold 64,527 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $4.02, for a total transaction of $259,398.54. Following the completion of the sale, the executive vice president directly owned 567,278 shares in the company, valued at approximately $2,280,457.56. The trade was a 10.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Derrick D. Dockery sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $4.78, for a total value of $38,240.00. Following the sale, the director owned 186,591 shares of the company’s stock, valued at $891,904.98. The trade was a 4.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 113,723 shares of company stock valued at $463,532 over the last quarter. 14.90% of the stock is owned by company insiders.

Institutional Trading of Telos

Several large investors have recently added to or reduced their stakes in TLS. Sound Income Strategies LLC purchased a new stake in Telos in the 4th quarter valued at $26,000. Covestor Ltd purchased a new stake in Telos in the 4th quarter valued at $29,000. CWM LLC grew its holdings in Telos by 156.2% in the 4th quarter. CWM LLC now owns 7,448 shares of the company’s stock valued at $38,000 after buying an additional 4,541 shares in the last quarter. Quarry LP purchased a new stake in Telos in the 4th quarter valued at $39,000. Finally, AQR Capital Management LLC purchased a new stake in Telos in the 1st quarter valued at $39,000. 62.14% of the stock is currently owned by hedge funds and other institutional investors.

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.