Telos Corporation (NASDAQ:TLS) Given Consensus Recommendation of “Hold” by Analysts

Telos Corporation (NASDAQ:TLS) has been given a consensus recommendation of “Hold” by the five brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $7.3750.

TLS has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Telos in a report on Wednesday, January 21st. BMO Capital Markets lowered 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. Finally, Wedbush cut their target price on shares of Telos from $10.00 to $8.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 17th.

Insiders Place Their Bets

In related news, EVP Edward Hutchinson Jr. Robbins sold 64,527 shares of the stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $4.02, for a total value of $259,398.54. Following the completion of the sale, the executive vice president directly owned 567,278 shares of the company’s stock, valued at approximately $2,280,457.56. This represents a 10.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 105,723 shares of company stock worth $425,292 over the last quarter. 14.90% of the stock is currently owned by insiders.

Institutional Trading of Telos

Hedge funds have recently made changes to their positions in the stock. Weber Capital Management LLC ADV purchased a new position in Telos during the fourth quarter valued at approximately $9,152,000. Two Sigma Investments LP lifted its position in Telos by 322.9% in the 3rd quarter. Two Sigma Investments LP now owns 908,565 shares of the company’s stock worth $6,215,000 after buying an additional 693,716 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Telos during the 2nd quarter valued at $1,801,000. Marshall Wace LLP grew its holdings in shares of Telos by 161.6% during the 3rd quarter. Marshall Wace LLP now owns 911,148 shares of the company’s stock valued at $6,232,000 after acquiring an additional 562,878 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new position in shares of Telos in the fourth quarter worth $2,494,000. 62.14% of the stock is owned by hedge funds and other institutional investors.

Telos Trading Down 1.7%

Shares of Telos stock traded down $0.08 on Friday, reaching $4.25. 64,107 shares of the company were exchanged, compared to its average volume of 830,031. Telos has a fifty-two week low of $1.83 and a fifty-two week high of $8.36. The firm has a market capitalization of $315.06 million, a price-to-earnings ratio of -8.49 and a beta of 1.03. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.06. The stock has a fifty day moving average price of $4.64 and a 200-day moving average price of $5.67.

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