Telos (NASDAQ:TLS) Trading Down 3.9% – What’s Next?

Telos Corporation (NASDAQ:TLS)’s share price fell 3.9% on Wednesday . The company traded as low as $4.40 and last traded at $4.42. Approximately 551,769 shares changed hands during trading, an increase of 29% from the average session volume of 427,295 shares. The stock had previously closed at $4.60.

Analysts Set New Price Targets

TLS has been the subject of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Telos in a report on Friday, July 17th. Needham & Company LLC began coverage on shares of Telos in a research report on Tuesday, May 26th. They set a “buy” rating and a $6.00 price objective for the company. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $7.10.

Telos Price Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 2.59 and a quick ratio of 2.59. The company has a 50-day simple moving average of $4.62 and a 200-day simple moving average of $4.57. The stock has a market cap of $332.20 million, a PE ratio of -12.69 and a beta of 0.98.

Telos (NASDAQ:TLS) last issued its earnings results on Monday, May 11th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. Telos had a negative net margin of 14.25% and a negative return on equity of 11.95%. The company had revenue of $47.74 million for the quarter, compared to analyst estimates of $44.62 million. Sell-side analysts anticipate that Telos Corporation will post -0.21 EPS for the current fiscal year.

Insider Buying and Selling

In other 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 transaction of $240,377.32. Following the sale, the director owned 166,612 shares of the company’s stock, valued at $718,097.72. The trade was a 25.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gary Mark Bendza sold 80,140 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $4.41, for a total value of $353,417.40. Following the completion of the sale, the executive vice president owned 737,008 shares in the company, valued at approximately $3,250,205.28. This represents a 9.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 320,772 shares of company stock valued at $1,386,488. Corporate insiders own 14.90% of the company’s stock.

Hedge Funds Weigh In On Telos

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new stake in Telos in the fourth quarter valued at $26,000. Covestor Ltd acquired a new position in shares of Telos during the 4th quarter worth $29,000. CWM LLC boosted its position in shares of Telos by 156.2% in the 4th 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 stake in Telos in the 4th quarter valued at about $39,000. Finally, AQR Capital Management LLC acquired a new stake in Telos in the 1st quarter valued at about $39,000. 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.