Telos Corporation (NASDAQ:TLS) Receives Average Recommendation of “Hold” from Analysts

Shares of Telos Corporation (NASDAQ:TLS) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $6.50.

Several brokerages have commented on TLS. Wall Street Zen raised Telos from a “hold” rating to a “buy” rating in a research report on Saturday, September 12th. Zacks Research upgraded shares of Telos from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Needham & Company LLC assumed coverage on shares of Telos in a report on Tuesday, May 26th. They set a “buy” rating and a $6.00 price objective on the stock. Wedbush lowered Telos from an “outperform” rating to a “neutral” rating and set a $5.00 price target on the stock. in a research note on Thursday, September 10th. Finally, Weiss Ratings upgraded Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th.

Telos Stock Down 4.9%

Shares of NASDAQ TLS traded down $0.20 during mid-day trading on Friday, reaching $3.98. The company had a trading volume of 236,718 shares, compared to its average volume of 715,632. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.26 and a current ratio of 2.38. Telos has a twelve month low of $3.79 and a twelve month high of $8.36. The stock’s 50 day moving average is $4.55 and its 200-day moving average is $4.47. The stock has a market capitalization of $297.08 million, a PE ratio of -18.93 and a beta of 0.98.

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

Insider Buying and Selling

In related news, Director Bradley W. Jacobs sold 55,772 shares of Telos stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $4.31, for a total value of $240,377.32. Following the sale, the director owned 166,612 shares of the company’s stock, valued at approximately $718,097.72. This trade represents a 25.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Hutchinson Robbins sold 62,398 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $4.73, for a total transaction of $295,142.54. Following the sale, the executive vice president directly owned 589,915 shares in the company, valued at $2,790,297.95. This trade represents a 9.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 623,631 shares of company stock valued at $2,764,537 in the last three months. 14.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in Telos by 9.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,293,134 shares of the company’s stock valued at $5,417,000 after buying an additional 115,884 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Telos by 29.7% during the first quarter. Renaissance Technologies LLC now owns 1,118,914 shares of the company’s stock worth $4,688,000 after acquiring an additional 256,014 shares during the period. Globeflex Capital L P bought a new stake in shares of Telos during the second quarter worth approximately $1,336,000. First Trust Advisors LP grew its position in shares of Telos by 13.7% in the first quarter. First Trust Advisors LP now owns 146,773 shares of the company’s stock valued at $615,000 after purchasing an additional 17,730 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC grew its position in shares of Telos by 50.4% in the first quarter. Cassaday & Co Wealth Management LLC now owns 126,223 shares of the company’s stock valued at $529,000 after purchasing an additional 42,301 shares during the last quarter. 62.14% of the stock is currently owned by institutional investors.

Telos Company Profile

Telos Corporation (NASDAQ:TLS) is a provider of cybersecurity, secure communications and information technology services for government and commercial organizations. The company helps customers protect data, networks and digital identities while managing cybersecurity risks across complex operating environments.

Its offerings include the Xacta platform, which supports cyber risk management, compliance and authorization activities; Telos Ghost, a privacy-focused networking solution designed to help secure online connections and communications; and services for cloud security, identity management, security assessments and cyber operations.