Telos (NASDAQ:TLS) Upgraded by Wedbush to “Hold” Rating

Telos (NASDAQ:TLS) was upgraded by equities research analysts at Wedbush to a “hold” rating in a research report issued on Thursday, Zacks reports.

Several other research firms have also recently weighed in on TLS. Weiss Ratings upgraded shares of Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 26th. Zacks Research raised Telos from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Needham & Company LLC initiated coverage on Telos in a report on Tuesday, May 26th. They set a “buy” rating and a $6.00 price target on the stock. Finally, Wall Street Zen raised Telos from a “hold” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $6.50.

Telos Stock Performance

Shares of TLS opened at $3.95 on Thursday. The company has a 50-day moving average of $4.60 and a two-hundred day moving average of $4.46. The stock has a market cap of $295.21 million, a price-to-earnings ratio of -18.81 and a beta of 0.98. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.38 and a quick ratio of 2.26. Telos has a one year low of $3.79 and a one year high of $8.36.

Telos (NASDAQ:TLS) last released its quarterly earnings results on Monday, August 10th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $47.75 million for the quarter, compared to analyst estimates of $45.16 million. Telos had a negative net margin of 8.13% and a negative return on equity of 2.60%. On average, equities research analysts expect that Telos will post -0.05 earnings per share for the current year.

Insider Activity at Telos

In other news, EVP Gary Bendza sold 25,461 shares of the company’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $4.33, for a total value of $110,246.13. Following the transaction, the executive vice president directly owned 511,547 shares of the company’s stock, valued at approximately $2,214,998.51. This represents a 4.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Derrick D. Dockery sold 12,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $4.43, for a total value of $53,160.00. Following the sale, the director owned 156,591 shares of the company’s stock, valued at approximately $693,698.13. This represents a 7.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 623,631 shares of company stock worth $2,764,537. Corporate insiders own 14.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC increased its stake in shares of Telos by 29.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,118,914 shares of the company’s stock worth $4,688,000 after purchasing an additional 256,014 shares during the last quarter. Globeflex Capital L P acquired a new stake in shares of Telos in the 2nd quarter valued at $1,336,000. Rhumbline Advisers lifted its stake in shares of Telos by 3.4% in the 2nd 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 last quarter. NewEdge Advisors LLC boosted its holdings in Telos by 58.3% in the third quarter. NewEdge Advisors LLC now owns 28,360 shares of the company’s stock worth $194,000 after purchasing an additional 10,442 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Telos by 51.3% in the first quarter. Invesco Ltd. now owns 40,042 shares of the company’s stock worth $95,000 after purchasing an additional 13,584 shares in the last quarter. 62.14% of the stock is owned by institutional investors and hedge funds.

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.