Telos (NASDAQ:TLS) Raised to Buy at Wall Street Zen

Telos (NASDAQ:TLS) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.

Other analysts also recently issued research reports about the stock. Weiss Ratings raised shares of Telos from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 26th. Needham & Company LLC initiated coverage on shares of Telos in a report on Tuesday, May 26th. They set a “buy” rating and a $6.00 price objective for the company. Wedbush downgraded shares of Telos from an “outperform” rating to a “neutral” rating and set a $5.00 price objective on the stock. in a research report on Thursday. Finally, Zacks Research upgraded shares of Telos from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $6.50.

Telos Price Performance

TLS stock opened at $3.95 on Friday. The stock has a market capitalization of $295.22 million, a P/E ratio of -18.81 and a beta of 0.98. 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 1-year low of $3.79 and a 1-year high of $8.36. The business has a fifty day moving average price of $4.60 and a 200-day moving average price of $4.46.

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

Insider Transactions at Telos

In other Telos news, Director Derrick Dockery sold 12,000 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $4.43, for a total value of $53,160.00. Following the transaction, the director owned 156,591 shares of the company’s stock, valued at approximately $693,698.13. This represents a 7.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gary Bendza sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $4.55, for a total value of $910,000.00. Following the completion of the transaction, the executive vice president directly owned 537,008 shares in the company, valued at $2,443,386.40. The trade was a 27.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 623,631 shares of company stock worth $2,764,537 in the last ninety days. Insiders own 14.90% of the company’s stock.

Hedge Funds Weigh In On Telos

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Telos by 3.7% during the third quarter. Vanguard Group Inc. now owns 2,914,891 shares of the company’s stock valued at $19,938,000 after buying an additional 104,515 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Telos by 28.1% during the 3rd quarter. Millennium Management LLC now owns 2,090,011 shares of the company’s stock worth $14,296,000 after acquiring an additional 457,997 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Telos by 11.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,694,473 shares of the company’s stock worth $11,592,000 after acquiring an additional 169,285 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Telos by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 1,361,502 shares of the company’s stock valued at $6,945,000 after acquiring an additional 47,688 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Telos by 9.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,293,134 shares of the company’s stock valued at $5,417,000 after acquiring an additional 115,884 shares during the period. Hedge funds and other institutional investors own 62.14% of the company’s stock.

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.