Telos (NASDAQ:TLS) Given Buy Rating at Needham & Company LLC

Telos (NASDAQ:TLS)‘s stock had its “buy” rating reaffirmed by research analysts at Needham & Company LLC in a note issued to investors on Tuesday,Benzinga reports. They presently have a $6.00 target price on the stock. Needham & Company LLC’s target price points to a potential upside of 29.31% from the company’s current price.

Several other equities analysts have also issued reports on TLS. Weiss Ratings restated a “sell (d-)” rating on shares of Telos in a research report on Monday, April 20th. Wedbush cut their price objective on Telos from $10.00 to $8.00 and set an “outperform” rating on the stock in a report on Tuesday, March 17th. Finally, BMO Capital Markets cut their price objective on Telos from $8.00 to $5.00 and set a “market perform” rating on the stock in a report on Monday, March 16th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Telos presently has an average rating of “Hold” and an average price target of $7.10.

Telos Price Performance

Telos stock opened at $4.64 on Tuesday. The firm has a market capitalization of $347.16 million, a P/E ratio of -13.26 and a beta of 0.95. Telos has a 1 year low of $2.37 and a 1 year high of $8.36. The business has a 50-day moving average of $4.31 and a 200-day moving average of $4.92. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 0.05.

Telos (NASDAQ:TLS) last posted its earnings results on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. The company had revenue of $47.74 million during the quarter, compared to analyst estimates of $44.63 million. Telos had a negative return on equity of 11.95% and a negative net margin of 14.25%. On average, equities analysts anticipate that Telos will post -0.22 EPS for the current year.

Insider Buying and Selling at Telos

In other news, EVP Edward Hutchinson Jr. Robbins sold 64,527 shares of Telos stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $4.02, for a total transaction of $259,398.54. Following the transaction, the executive vice president owned 567,278 shares in the company, valued at $2,280,457.56. The trade was a 10.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 105,723 shares of company stock worth $425,292. Insiders own 14.90% of the company’s stock.

Institutional Investors Weigh In On Telos

Institutional investors have recently bought and sold shares of the company. Acuitas Investments LLC lifted its stake in Telos by 48.0% in the 3rd quarter. Acuitas Investments LLC now owns 771,813 shares of the company’s stock valued at $5,279,000 after acquiring an additional 250,400 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Telos by 391.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 193,081 shares of the company’s stock valued at $1,321,000 after acquiring an additional 153,802 shares in the last quarter. Weber Capital Management LLC ADV bought a new stake in Telos in the 4th quarter valued at approximately $9,152,000. AXQ Capital LP bought a new stake in Telos in the 4th quarter valued at approximately $216,000. Finally, Leonteq Securities AG bought a new stake in Telos in the 4th quarter valued at approximately $78,000. Institutional investors own 62.14% of the company’s stock.

About Telos

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.