Telos (NASDAQ:TLS) Price Target Cut to $2.25 by Analysts at BMO Capital Markets

Telos (NASDAQ:TLS) had its price objective dropped by analysts at BMO Capital Markets from $3.00 to $2.25 in a report released on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential downside of 12.96% from the company’s current price.

TLS has been the subject of several other reports. Wedbush reissued an “outperform” rating and issued a $6.00 price objective on shares of Telos in a research report on Tuesday, March 11th. DA Davidson cut their price target on shares of Telos from $3.50 to $2.50 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Telos in a research note on Wednesday, March 12th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $3.94.

Telos Trading Up 31.9%

NASDAQ:TLS traded up $0.63 on Monday, reaching $2.59. The company’s stock had a trading volume of 1,711,481 shares, compared to its average volume of 617,609. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.59 and a current ratio of 3.64. The firm has a market cap of $193.54 million, a PE ratio of -3.71 and a beta of 0.95. The business’s 50-day moving average price is $2.57 and its two-hundred day moving average price is $3.12. Telos has a 1-year low of $1.83 and a 1-year high of $5.03.

Telos (NASDAQ:TLS) last posted its earnings results on Friday, May 9th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.08). Telos had a negative net margin of 40.80% and a negative return on equity of 28.19%. The firm had revenue of $30.62 million during the quarter, compared to analyst estimates of $29.22 million. Equities research analysts anticipate that Telos will post -0.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Telos

Large investors have recently modified their holdings of the business. NBC Securities Inc. raised its holdings in shares of Telos by 100,808.3% during the 1st quarter. NBC Securities Inc. now owns 12,109 shares of the company’s stock worth $28,000 after acquiring an additional 12,097 shares during the period. ProShare Advisors LLC grew its holdings in Telos by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 15,512 shares of the company’s stock worth $53,000 after acquiring an additional 5,105 shares during the period. Alpha Wealth Funds LLC purchased a new position in Telos during the fourth quarter worth about $69,000. MetLife Investment Management LLC lifted its position in Telos by 25.0% during the fourth quarter. MetLife Investment Management LLC now owns 34,017 shares of the company’s stock worth $116,000 after buying an additional 6,812 shares during the period. Finally, EntryPoint Capital LLC purchased a new position in Telos during the fourth quarter worth about $117,000. Institutional investors own 62.14% of the company’s stock.

About Telos

Telos Corporation, together with its subsidiaries, provides cyber, cloud, and enterprise security solutions worldwide. The company operates in two segments, Security Solutions and Secure Networks. It provides Xacta, a platform for enterprise cyber risk management and security compliance automation; and consulting, assessment and compliance, engineering and evaluation, operations, and penetration testing services.