Brokerages Set Telos Corporation (NASDAQ:TLS) PT at $7.10

Shares of Telos Corporation (NASDAQ:TLS) have been given a consensus rating of “Hold” by the six analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $7.10.

Several equities analysts have weighed in on TLS shares. Wedbush dropped their target price on Telos from $10.00 to $8.00 and set an “outperform” rating for the company in a research report on Tuesday, March 17th. Needham & Company LLC started coverage on Telos in a research report on Tuesday, May 26th. They issued a “buy” rating and a $6.00 target price for the company. BMO Capital Markets dropped their target price on Telos from $8.00 to $5.00 and set a “market perform” rating for the company in a research report on Monday, March 16th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Telos in a research report on Monday, April 20th.

Telos Price Performance

Shares of NASDAQ:TLS opened at $4.57 on Wednesday. The business has a 50-day moving average price of $4.43 and a 200 day moving average price of $4.77. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $341.93 million, a price-to-earnings ratio of -13.06 and a beta of 0.97. Telos has a 12-month low of $2.37 and a 12-month high of $8.36.

Telos (NASDAQ:TLS) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The firm had revenue of $47.74 million during the quarter, compared to the consensus estimate of $44.63 million. Telos had a negative return on equity of 11.95% and a negative net margin of 14.25%. Sell-side analysts expect that Telos will post -0.21 EPS for the current year.

Insider Transactions at Telos

In other news, EVP Edward Hutchinson Jr. Robbins sold 64,527 shares of the business’s 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 completion of the transaction, the executive vice president directly owned 567,278 shares of the company’s stock, valued at approximately $2,280,457.56. The trade was a 10.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Derrick D. Dockery sold 8,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $4.78, for a total value of $38,240.00. Following the transaction, the director directly owned 186,591 shares of the company’s stock, valued at approximately $891,904.98. This represents a 4.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 113,723 shares of company stock valued at $463,532. Corporate insiders own 14.90% of the company’s stock.

Hedge Funds Weigh In On Telos

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sound Income Strategies LLC acquired a new position in shares of Telos during the fourth quarter worth about $26,000. Covestor Ltd acquired a new position in shares of Telos during the fourth quarter worth about $29,000. CWM LLC grew its position in shares of Telos by 156.2% during the fourth quarter. CWM LLC now owns 7,448 shares of the company’s stock worth $38,000 after buying an additional 4,541 shares in the last quarter. Quarry LP acquired a new position in shares of Telos during the fourth quarter worth about $39,000. Finally, New York State Common Retirement Fund lifted its stake in Telos by 683.3% during the third quarter. New York State Common Retirement Fund now owns 9,400 shares of the company’s stock worth $64,000 after purchasing an additional 8,200 shares during the last quarter. 62.14% of the stock is owned by institutional investors and hedge funds.

Telos Company Profile

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.