Telos (NASDAQ:TLS) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Telos (NASDAQ:TLS) from a buy rating to a hold rating in a research note published on Saturday.

Other analysts have also issued reports about the stock. 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 objective on the stock. Zacks Research raised shares of Telos from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. Finally, Weiss Ratings raised shares of Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Telos currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.10.

Telos Price Performance

TLS stock opened at $4.79 on Friday. The business has a fifty day moving average of $4.58 and a two-hundred day moving average of $4.44. The company has a quick ratio of 2.26, a current ratio of 2.38 and a debt-to-equity ratio of 0.05. The stock has a market cap of $358.00 million, a price-to-earnings ratio of -22.81 and a beta of 1.00. Telos has a 52-week low of $3.79 and a 52-week high of $8.36.

Telos (NASDAQ:TLS) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. The business had revenue of $47.75 million for the quarter, compared to analyst estimates of $45.16 million. Telos had a negative return on equity of 2.60% and a negative net margin of 8.13%. As a group, research analysts anticipate that Telos will post -0.05 earnings per share for the current year.

Insider Activity at Telos

In related news, Director Derrick D. Dockery sold 12,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $4.43, for a total transaction of $53,160.00. Following the completion of the transaction, the director directly owned 156,591 shares in the company, valued at $693,698.13. This trade represents a 7.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Gary Mark Bendza sold 80,140 shares of Telos stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $4.41, for a total value of $353,417.40. Following the completion of the transaction, the executive vice president directly owned 737,008 shares of the company’s stock, valued at approximately $3,250,205.28. This represents a 9.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 335,772 shares of company stock worth $1,449,148. 14.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TLS. Covestor Ltd acquired a new position in shares of Telos in the fourth quarter valued at approximately $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 in the last quarter. Quarry LP acquired a new stake in Telos during the 4th quarter worth approximately $39,000. AQR Capital Management LLC purchased a new position in Telos in the 1st quarter valued at approximately $39,000. Finally, Pinnacle Wealth Management Advisory Group LLC purchased a new position in Telos in the 1st quarter valued at approximately $43,000. 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.