Telos (NASDAQ:TLS) Rating Lowered to Hold at Wall Street Zen

Telos (NASDAQ:TLS) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other equities research analysts have also recently weighed in on the company. Needham & Company LLC began coverage on Telos in a research note on Tuesday, May 26th. They issued a “buy” rating and a $6.00 price objective for the company. Zacks Research upgraded shares of Telos from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Finally, Weiss Ratings raised shares of Telos from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $7.10.

Telos Stock Performance

Shares of TLS stock opened at $4.79 on Friday. The stock’s 50-day moving average is $4.58 and its two-hundred day moving average is $4.43. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.26 and a current ratio of 2.38. Telos has a 1 year low of $3.79 and a 1 year high of $8.36. The firm has a market cap of $358.00 million, a price-to-earnings ratio of -22.81 and a beta of 1.00.

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

Insider Transactions at Telos

In related news, EVP Gary Mark Bendza sold 80,140 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $4.41, for a total transaction of $353,417.40. Following the completion of the transaction, the executive vice president directly owned 737,008 shares of the company’s stock, valued at $3,250,205.28. This represents a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Derrick D. Dockery sold 12,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $4.43, for a total transaction of $53,160.00. Following the completion of the sale, the director owned 156,591 shares of the company’s stock, valued at approximately $693,698.13. The trade was a 7.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 335,772 shares of company stock worth $1,449,148. Company insiders own 14.90% of the company’s stock.

Hedge Funds Weigh In On Telos

A number of large investors have recently modified their holdings of TLS. Invesco Ltd. boosted its stake in shares of Telos by 51.3% in the first quarter. Invesco Ltd. now owns 40,042 shares of the company’s stock valued at $95,000 after buying an additional 13,584 shares in the last quarter. AQR Capital Management LLC acquired a new position in Telos during the first quarter worth $39,000. NewEdge Advisors LLC raised its position in Telos by 28.7% in the first quarter. NewEdge Advisors LLC now owns 17,918 shares of the company’s stock worth $43,000 after acquiring an additional 4,000 shares in the last quarter. Rhumbline Advisers raised its position in Telos by 3.4% in the second quarter. Rhumbline Advisers now owns 82,432 shares of the company’s stock worth $261,000 after acquiring an additional 2,740 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Telos by 3.6% in the second quarter. American Century Companies Inc. now owns 112,106 shares of the company’s stock valued at $355,000 after acquiring an additional 3,889 shares during the period. 62.14% of the stock is 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.