Wedbush Lowers Telos (NASDAQ:TLS) Price Target to $8.00

Telos (NASDAQ:TLS) had its target price reduced by equities researchers at Wedbush from $10.00 to $8.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Wedbush’s price objective indicates a potential upside of 99.00% from the stock’s current price.

A number of other equities research analysts have also commented on TLS. BMO Capital Markets lowered their price target on Telos from $8.00 to $5.00 and set a “market perform” rating for the company in a research report on Monday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telos in a research note on Wednesday, January 21st. Two equities 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 company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $7.38.

Telos Stock Up 2.6%

Shares of NASDAQ TLS opened at $4.02 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.57 and a quick ratio of 2.67. The company has a 50-day moving average price of $4.78 and a 200-day moving average price of $5.75. The stock has a market capitalization of $298.36 million, a P/E ratio of -8.04 and a beta of 1.03. Telos has a 1 year low of $1.83 and a 1 year high of $8.36.

Telos (NASDAQ:TLS) last announced its quarterly earnings results on Monday, March 16th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. The business had revenue of $46.78 million for the quarter, compared to analysts’ expectations of $45.22 million. Telos had a negative net margin of 22.17% and a negative return on equity of 20.30%. On average, equities research analysts forecast that Telos will post -0.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Telos

Several large investors have recently made changes to their positions in the business. Zacks Investment Management purchased a new position in shares of Telos in the 4th quarter worth about $71,000. Tudor Investment Corp ET AL raised its position in Telos by 17.0% in the fourth quarter. Tudor Investment Corp ET AL now owns 450,882 shares of the company’s stock worth $2,299,000 after acquiring an additional 65,587 shares during the period. Polymer Capital Management US LLC bought a new stake in Telos in the fourth quarter worth about $91,000. Occudo Quantitative Strategies LP boosted its stake in Telos by 12.3% in the fourth quarter. Occudo Quantitative Strategies LP now owns 68,514 shares of the company’s stock valued at $349,000 after acquiring an additional 7,484 shares during the last quarter. Finally, Oxford Asset Management LLP purchased a new position in Telos in the fourth quarter valued at about $243,000. 62.14% of the stock is owned by hedge funds and other institutional investors.

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.