Telos Corporation (NASDAQ:TLS) Stock Has Average Target Price of $6.50 According to Analysts

Shares of Telos Corporation (NASDAQ:TLS) have been given a consensus recommendation of “Hold” by the seven analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $6.50.

TLS has been the subject of several analyst reports. Zacks Research raised Telos from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Weiss Ratings raised Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th. Wedbush downgraded Telos from an “outperform” rating to a “neutral” rating and set a $5.00 price objective for the company. in a research report on Thursday, September 10th. Finally, Wall Street Zen lowered Telos from a “buy” rating to a “hold” rating in a research note on Sunday, September 20th.

Insider Activity

In other news, EVP Gary Bendza sold 200,000 shares of the stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $4.55, for a total transaction of $910,000.00. Following the completion of the sale, the executive vice president directly owned 537,008 shares in the company, valued at $2,443,386.40. This represents a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John B. Wood sold 96,151 shares of Telos stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $4.05, for a total value of $389,411.55. Following the completion of the transaction, the chief executive officer directly owned 1,505,867 shares of the company’s stock, valued at approximately $6,098,761.35. This trade represents a 6.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 581,549 shares of company stock worth $2,512,583 in the last 90 days. 14.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Telos

A number of institutional investors and hedge funds have recently modified their holdings of TLS. Covestor Ltd acquired a new stake in Telos in the fourth quarter worth $29,000. Integrated Wealth Concepts LLC bought a new position in shares of Telos during the 2nd quarter worth about $34,000. Pinnacle Wealth Management Advisory Group LLC acquired a new stake in shares of Telos in the 1st quarter valued at about $43,000. SG Americas Securities LLC acquired a new stake in shares of Telos in the 1st quarter valued at about $53,000. Finally, Leonteq Securities AG bought a new stake in Telos in the 4th quarter valued at about $78,000. 62.14% of the stock is currently owned by institutional investors.

Telos Trading Down 0.5%

TLS opened at $4.07 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.38 and a quick ratio of 2.26. Telos has a fifty-two week low of $3.79 and a fifty-two week high of $8.36. The company’s 50 day moving average price is $4.48 and its two-hundred day moving average price is $4.46. The firm has a market capitalization of $304.19 million, a price-to-earnings ratio of -19.38 and a beta of 0.98.

Telos (NASDAQ:TLS) last released its quarterly earnings results on Monday, August 10th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. Telos had a negative net margin of 8.13% and a negative return on equity of 2.60%. The firm had revenue of $47.75 million during the quarter, compared to the consensus estimate of $45.16 million.

About Telos

Telos Corporation (NASDAQ:TLS) is a provider of cybersecurity, secure communications and information technology services for government and commercial organizations. The company helps customers protect data, networks and digital identities while managing cybersecurity risks across complex operating environments.

Its offerings include the Xacta platform, which supports cyber risk management, compliance and authorization activities; Telos Ghost, a privacy-focused networking solution designed to help secure online connections and communications; and services for cloud security, identity management, security assessments and cyber operations.