Telos Corporation (NASDAQ:TLS) Receives Average Recommendation of “Hold” from Brokerages

Telos Corporation (NASDAQ:TLS) has been given an average rating of “Hold” by the six ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $7.10.

Several research analysts have weighed in on TLS shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telos in a research report on Monday, April 20th. Needham & Company LLC began coverage on shares of Telos in a research report on Tuesday, May 26th. They set a “buy” rating and a $6.00 target price on the stock. Wedbush lowered their price objective on shares of Telos from $10.00 to $8.00 and set an “outperform” rating for the company in a research report on Tuesday, March 17th. Finally, 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 note on Monday, March 16th.

Telos Price Performance

Shares of TLS remained flat at $4.90 during trading hours on Friday. 509,824 shares of the stock traded hands, compared to its average volume of 868,592. Telos has a 52 week low of $2.37 and a 52 week high of $8.36. The stock has a market capitalization of $366.62 million, a price-to-earnings ratio of -14.00 and a beta of 0.98. The stock has a 50 day moving average price of $4.50 and a two-hundred day moving average price of $4.65. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.59 and a current ratio of 2.59.

Telos (NASDAQ:TLS) last released its quarterly 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 analysts’ expectations of $44.62 million. Telos had a negative return on equity of 11.95% and a negative net margin of 14.25%. On average, equities analysts expect that Telos will post -0.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other Telos news, EVP Gary Mark Bendza sold 97,976 shares of the stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $4.19, for a total value of $410,519.44. Following the completion of the transaction, the executive vice president directly owned 817,148 shares in the company, valued at approximately $3,423,850.12. This trade represents a 10.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Derrick D. Dockery sold 8,000 shares of Telos stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $4.78, for a total value of $38,240.00. Following the sale, the director directly owned 186,591 shares in the company, 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 a total of 320,772 shares of company stock valued at $1,386,488 in the last 90 days. Corporate insiders own 14.90% of the company’s stock.

Institutional Investors Weigh In On Telos

A number of institutional investors have recently added to or reduced their stakes in TLS. Sound Income Strategies LLC acquired a new position in Telos in the 4th quarter valued at approximately $26,000. Covestor Ltd bought a new position in shares of Telos during the fourth quarter valued at $29,000. CWM LLC lifted its holdings in Telos by 156.2% during the 4th quarter. CWM LLC now owns 7,448 shares of the company’s stock worth $38,000 after buying an additional 4,541 shares during the period. Quarry LP acquired a new position in shares of Telos in the fourth quarter worth approximately $39,000. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new position in shares of Telos in the 1st quarter worth approximately $43,000. 62.14% of the stock is owned by 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.