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

Shares of Telos Corporation (NASDAQ:TLS) have earned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $7.10.

A number of equities research analysts have commented on TLS shares. Needham & Company LLC assumed coverage on shares of Telos in a report on Tuesday, May 26th. They issued a “buy” rating and a $6.00 price target for the company. Weiss Ratings cut shares of Telos from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, August 11th. Finally, Zacks Research upgraded Telos from a “hold” rating to a “strong-buy” rating in a research note on Thursday.

Insider Buying and Selling

In other news, EVP Gary Mark Bendza sold 80,140 shares of the stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $4.41, for a total value of $353,417.40. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Derrick D. Dockery sold 11,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $4.34, for a total value of $47,740.00. Following the transaction, the director owned 168,591 shares in the company, valued at approximately $731,684.94. This trade represents a 6.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 331,772 shares of company stock worth $1,434,228 in the last quarter. Insiders own 14.90% of the company’s stock.

Hedge Funds Weigh In On Telos

Several hedge funds have recently modified their holdings of the company. Covestor Ltd purchased a new position in Telos in the fourth quarter worth $29,000. CWM LLC boosted its position in Telos by 156.2% during the fourth quarter. CWM LLC now owns 7,448 shares of the company’s stock worth $38,000 after purchasing an additional 4,541 shares during the period. Quarry LP bought a new position in Telos in the 4th quarter worth approximately $39,000. Pinnacle Wealth Management Advisory Group LLC purchased a new position in Telos in the 1st quarter valued at approximately $43,000. Finally, Entropy Technologies LP purchased a new position in Telos in the 4th quarter valued at approximately $55,000. Institutional investors own 62.14% of the company’s stock.

Telos Trading Down 1.1%

Shares of Telos stock traded down $0.05 on Monday, reaching $4.45. 46,816 shares of the company’s stock were exchanged, compared to its average volume of 717,472. The company has a market capitalization of $332.73 million, a P/E ratio of -21.22 and a beta of 1.00. Telos has a 52 week low of $3.79 and a 52 week high of $8.36. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.26 and a current ratio of 2.38. The firm’s 50-day moving average is $4.57 and its two-hundred day moving average is $4.45.

Telos (NASDAQ:TLS) last released its quarterly earnings data 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. Telos had a negative net margin of 8.13% and a negative return on equity of 2.60%. The company had revenue of $47.75 million during the quarter, compared to analyst estimates of $45.16 million. Sell-side analysts predict that Telos will post -0.05 EPS for the current fiscal year.

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.