Telos (NASDAQ:TLS) Cut to Hold at 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 Sunday,Wall Street Zen reports.

Other equities analysts have also issued research reports about the company. Weiss Ratings raised Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th. Zacks Research upgraded shares of Telos from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. Wedbush cut shares of Telos from an “outperform” rating to a “neutral” rating and set a $5.00 price target on the stock. in a research report on Thursday, September 10th. Finally, Needham & Company LLC assumed coverage on shares of Telos in a research note on Tuesday, May 26th. They issued a “buy” rating and a $6.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $6.50.

Telos Stock Up 1.7%

Shares of TLS opened at $4.10 on Friday. Telos has a 52-week low of $3.79 and a 52-week high of $8.36. The company has a market capitalization of $306.43 million, a PE ratio of -19.52 and a beta of 0.98. The stock has a fifty day simple moving average of $4.50 and a two-hundred day simple moving average of $4.46. The company has a quick ratio of 2.26, a current ratio of 2.38 and a debt-to-equity ratio of 0.05.

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

Insider Activity

In other news, EVP Hutchinson Robbins sold 62,398 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $4.73, for a total value of $295,142.54. Following the sale, the executive vice president directly owned 589,915 shares in the company, valued at approximately $2,790,297.95. This trade represents a 9.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Derrick D. Dockery sold 12,000 shares of Telos stock in a transaction on Friday, August 21st. The stock was sold at an average price of $4.43, for a total transaction of $53,160.00. Following the sale, the director directly owned 156,591 shares of the company’s stock, valued at approximately $693,698.13. This trade represents a 7.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 759,665 shares of company stock valued at $3,276,520 over the last three months. 14.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Telos

A number of hedge funds and other institutional investors have recently bought and sold shares of TLS. Krilogy Financial LLC lifted its stake in Telos by 34.6% in the 1st quarter. Krilogy Financial LLC now owns 18,121 shares of the company’s stock valued at $80,000 after buying an additional 4,662 shares in the last quarter. Covestor Ltd purchased a new position in Telos during the fourth quarter worth $29,000. Integrated Wealth Concepts LLC purchased a new position in Telos during the second quarter worth $34,000. Pinnacle Wealth Management Advisory Group LLC acquired a new position in shares of Telos in the first quarter worth $43,000. Finally, SG Americas Securities LLC acquired a new position in shares of Telos in the first quarter worth $53,000. 62.14% of the stock is currently owned by institutional investors and hedge funds.

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.