Telos Corporation (NASDAQ:TLS) Given Average Rating of “Hold” by Brokerages

Shares of Telos Corporation (NASDAQ:TLS) have been assigned a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $7.10.

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

Telos Trading Up 1.4%

Telos stock opened at $4.41 on Wednesday. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 0.05. Telos has a 52 week low of $2.37 and a 52 week high of $8.36. The company has a market capitalization of $329.96 million, a price-to-earnings ratio of -12.60 and a beta of 0.97. The stock has a 50-day moving average price of $4.40 and a 200 day moving average price of $4.79.

Telos (NASDAQ:TLS) last released its earnings results on Monday, May 11th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $47.74 million during the quarter, compared to the consensus estimate of $44.63 million. Sell-side analysts anticipate that Telos will post -0.21 EPS for the current year.

Insider Buying and Selling

In other Telos 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 value of $259,398.54. Following the completion of the transaction, the executive vice president directly owned 567,278 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. Also, Director Derrick D. Dockery sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $4.78, for a total value of $38,240.00. Following the completion of the transaction, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 113,723 shares of company stock valued at $463,532 over the last three months. 14.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in Telos by 391.6% in the third quarter. JPMorgan Chase & Co. now owns 193,081 shares of the company’s stock valued at $1,321,000 after acquiring an additional 153,802 shares during the period. Weber Capital Management LLC ADV acquired a new position in shares of Telos during the 4th quarter worth approximately $9,152,000. Acuitas Investments LLC raised its stake in shares of Telos by 48.0% during the 3rd quarter. Acuitas Investments LLC now owns 771,813 shares of the company’s stock worth $5,279,000 after buying an additional 250,400 shares during the period. Krilogy Financial LLC raised its stake in shares of Telos by 34.6% during the 1st quarter. Krilogy Financial LLC now owns 18,121 shares of the company’s stock worth $80,000 after buying an additional 4,662 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new position in shares of Telos during the 1st quarter worth approximately $43,000. 62.14% of the stock is 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.