Telos (NASDAQ:TLS) Stock Gets Downgrade from Wall Street Zen

Telos (NASDAQ:TLS) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

A number of other research analysts also recently weighed in on TLS. Wedbush downgraded Telos from an “outperform” rating to a “neutral” rating and set a $5.00 price target on the stock. in a report on Thursday, September 10th. Zacks Research upgraded Telos from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Yorkville Ives began coverage on Telos in a research note on Monday, October 5th. They set an “outperform” rating and a $6.00 target price on the stock. Finally, Weiss Ratings raised Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $6.42.

Telos Price Performance

Shares of NASDAQ:TLS opened at $4.82 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.26 and a current ratio of 2.38. The company has a market cap of $360.23 million, a PE ratio of -22.95 and a beta of 0.98. Telos has a 52 week low of $3.79 and a 52 week high of $8.36. The firm has a 50 day simple moving average of $4.54 and a 200 day simple moving average of $4.52.

Telos (NASDAQ:TLS) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Telos had a negative net margin of 8.13% and a negative return on equity of 2.60%. The firm had revenue of $47.75 million during the quarter, compared to analyst estimates of $45.16 million. As a group, research analysts expect that Telos will post -0.01 earnings per share for the current year.

Insider Activity at Telos

In other Telos news, CEO John Wood sold 96,151 shares of Telos stock in a transaction on Monday, September 21st. The shares were sold at an average price of $4.05, for a total transaction of $389,411.55. Following the completion of the sale, the chief executive officer owned 1,505,867 shares of the company’s stock, valued at $6,098,761.35. This trade represents a 6.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Gary Bendza sold 174,539 shares of the business’s stock in a transaction on Friday, September 18th. The shares were sold at an average price of $4.05, for a total transaction of $706,882.95. Following the transaction, the executive vice president owned 337,008 shares in the company, valued at approximately $1,364,882.40. This represents a 34.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 581,549 shares of company stock worth $2,512,583 in the last quarter. 14.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Telos

A number of hedge funds and other institutional investors have recently made changes to their positions in TLS. R Squared Ltd raised its position in Telos by 40.5% during the third quarter. R Squared Ltd now owns 18,716 shares of the company’s stock valued at $76,000 after acquiring an additional 5,396 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Telos in the 2nd quarter valued at $34,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Telos in the 3rd quarter valued at $42,000. SG Americas Securities LLC bought a new stake in Telos in the first quarter worth $53,000. Finally, First Trust Advisors LP boosted its holdings in Telos by 13.7% in the first quarter. First Trust Advisors LP now owns 146,773 shares of the company’s stock worth $615,000 after purchasing an additional 17,730 shares in the last quarter. 62.14% of the stock is owned by hedge funds and other institutional investors.

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.