Telos (NASDAQ:TLS) Shares Gap Up on Earnings Beat

Shares of Telos Corporation (NASDAQ:TLS) gapped up before the market opened on Monday following a better than expected earnings announcement. The stock had previously closed at $4.82, but opened at $6.09. Telos shares last traded at $6.84, with a volume of 2,190,324 shares changing hands.

The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.06. Telos had a negative return on equity of 2.60% and a negative net margin of 8.13%. The firm had revenue of $55.20 million for the quarter, compared to the consensus estimate of $50.11 million.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TLS. Wedbush lowered shares of Telos from an “outperform” rating to a “neutral” rating and set a $5.00 price objective on the stock. in a research note on Thursday, September 10th. Weiss Ratings upgraded shares of Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th. Yorkville Ives began coverage on shares of Telos in a report on Monday, October 5th. They set an “outperform” rating and a $6.00 price target for the company. Wall Street Zen downgraded shares of Telos from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Zacks Research raised shares of Telos from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.42.

Insider Buying and Selling

In other news, EVP Hutchinson Robbins sold 62,398 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $4.73, for a total transaction of $295,142.54. Following the completion of the transaction, the executive vice president directly owned 589,915 shares in the company, valued at approximately $2,790,297.95. The trade was a 9.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Derrick D. Dockery sold 12,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $4.43, for a total value of $53,160.00. Following the completion of the transaction, the director directly owned 156,591 shares of the company’s stock, valued at approximately $693,698.13. The trade was a 7.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 581,549 shares of company stock valued at $2,512,583 over the last three months. 14.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TLS. Integrated Wealth Concepts LLC acquired a new stake in shares of Telos during the 2nd quarter valued at $34,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Telos in the 3rd quarter worth $42,000. SG Americas Securities LLC acquired a new stake in shares of Telos during the first quarter worth $53,000. R Squared Ltd raised its position in shares of Telos by 40.5% during the third quarter. R Squared Ltd now owns 18,716 shares of the company’s stock worth $76,000 after purchasing an additional 5,396 shares during the period. Finally, Y.D. More Investments Ltd purchased a new stake in shares of Telos during the first quarter valued at $111,000. 62.14% of the stock is owned by institutional investors and hedge funds.

Telos Stock Performance

The firm has a market capitalization of $515.98 million, a PE ratio of -32.41 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. The firm has a fifty day moving average price of $4.54 and a 200 day moving average price of $4.52.

Telos Company Profile

Telos Corporation (NASDAQ: TLS) is a cybersecurity and information technology company that provides secure technology solutions to government and commercial organizations. The company focuses on helping customers protect critical systems, data and digital identities while supporting secure operations in complex and highly regulated environments.

Its offerings include cybersecurity consulting, cloud security, secure networking, identity and access management, risk management and governance solutions.