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

Shares of Telos Corporation (NASDAQ:TLS) have earned an average recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $7.10.

TLS has been the subject of a number of research reports. Needham & Company LLC assumed coverage on shares of Telos in a report on Tuesday, May 26th. They issued a “buy” rating and a $6.00 target price for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Telos in a report on Friday, July 17th.

Telos Trading Down 4.1%

Shares of TLS stock opened at $4.68 on Thursday. The stock’s fifty day moving average price is $4.62 and its two-hundred day moving average price is $4.55. The company has a market cap of $350.15 million, a PE ratio of -13.37 and a beta of 1.00. Telos has a fifty-two week low of $2.37 and a fifty-two 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.

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

Insiders Place Their Bets

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

Institutional Trading of Telos

Several hedge funds and other institutional investors have recently made changes to their positions in TLS. Rhumbline Advisers increased its holdings in Telos by 3.4% in the second quarter. Rhumbline Advisers now owns 82,432 shares of the company’s stock valued at $261,000 after purchasing an additional 2,740 shares during the period. Toth Financial Advisory Corp raised its position in Telos by 13.2% during the 4th quarter. Toth Financial Advisory Corp now owns 24,091 shares of the company’s stock worth $123,000 after purchasing an additional 2,800 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Telos by 12.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 27,749 shares of the company’s stock worth $190,000 after buying an additional 3,100 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Telos by 5.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 67,936 shares of the company’s stock valued at $347,000 after buying an additional 3,715 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Telos by 3.6% in the 2nd quarter. American Century Companies Inc. now owns 112,106 shares of the company’s stock valued at $355,000 after buying an additional 3,889 shares during the last quarter. 62.14% of the stock is currently owned by 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.