Telos Corporation (NASDAQ:TLS) Receives Consensus Rating of “Hold” from Analysts

Shares of Telos Corporation (NASDAQ:TLS) have been assigned an average rating of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $7.10.

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

Insider Activity at Telos

In other Telos news, Director Bradley W. Jacobs sold 55,772 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $4.31, for a total value of $240,377.32. Following the sale, the director owned 166,612 shares in the company, valued at approximately $718,097.72. The trade was a 25.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Gary Mark Bendza sold 80,140 shares of Telos stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $4.41, for a total transaction of $353,417.40. Following the completion of the sale, the executive vice president owned 737,008 shares in the company, valued at $3,250,205.28. This trade represents a 9.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 320,772 shares of company stock valued at $1,386,488. 14.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Telos

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its holdings in shares of 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 buying an additional 153,802 shares during the last quarter. Weber Capital Management LLC ADV acquired a new position in Telos during the fourth quarter worth $9,152,000. Acuitas Investments LLC raised its position in Telos by 48.0% during the third quarter. Acuitas Investments LLC now owns 771,813 shares of the company’s stock worth $5,279,000 after acquiring an additional 250,400 shares in the last quarter. Cassaday & Co Wealth Management LLC raised its position in Telos by 297.2% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 83,922 shares of the company’s stock worth $428,000 after acquiring an additional 62,795 shares in the last quarter. Finally, Strs Ohio lifted its stake in Telos by 33.1% in the fourth quarter. Strs Ohio now owns 18,900 shares of the company’s stock valued at $96,000 after acquiring an additional 4,700 shares during the last quarter. 62.14% of the stock is owned by institutional investors.

Telos Price Performance

NASDAQ TLS opened at $4.93 on Friday. The business has a 50 day simple moving average of $4.54 and a 200 day simple moving average of $4.63. Telos has a 52-week low of $2.37 and a 52-week high of $8.36. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.59 and a current ratio of 2.59. The stock has a market cap of $368.86 million, a price-to-earnings ratio of -14.09 and a beta of 0.98.

Telos (NASDAQ:TLS) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The firm had revenue of $47.74 million for the quarter, compared to analyst estimates of $44.62 million. Telos had a negative net margin of 14.25% and a negative return on equity of 11.95%. Analysts anticipate that Telos will post -0.21 earnings per share for the current fiscal year.

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.