Telos (NASDAQ:TLS) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Telos (NASDAQ:TLS) from a hold rating to a buy rating in a report released on Saturday,Wall Street Zen reports.

Several other research firms also recently commented on TLS. Wedbush downgraded shares of Telos from an “outperform” rating to a “neutral” rating and set a $5.00 price target for the company. in a research report on Thursday. Zacks Research raised shares of Telos from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Needham & Company LLC assumed coverage on shares of Telos in a research note on Tuesday, May 26th. They issued a “buy” rating and a $6.00 price objective on the stock. Finally, Weiss Ratings raised shares of Telos from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Telos presently has a consensus rating of “Hold” and a consensus target price of $6.50.

Telos Stock Performance

Shares of TLS stock opened at $3.95 on Friday. The stock’s 50-day moving average is $4.60 and its two-hundred day moving average is $4.46. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.26 and a current ratio of 2.38. Telos has a 1 year low of $3.79 and a 1 year high of $8.36. The firm has a market cap of $295.22 million, a price-to-earnings ratio of -18.81 and a beta of 0.98.

Telos (NASDAQ:TLS) last posted its earnings results on Monday, August 10th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. Telos had a negative return on equity of 2.60% and a negative net margin of 8.13%.The business had revenue of $47.75 million during the quarter, compared to the consensus estimate of $45.16 million.

Insider Activity

In other Telos news, EVP Hutchinson Robbins sold 62,398 shares of Telos stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $4.73, for a total value of $295,142.54. Following the sale, the executive vice president owned 589,915 shares of the company’s stock, valued at approximately $2,790,297.95. The trade was a 9.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gary Bendza sold 25,461 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $4.33, for a total value of $110,246.13. Following the transaction, the executive vice president owned 511,547 shares in the company, valued at $2,214,998.51. The trade was a 4.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 623,631 shares of company stock worth $2,764,537 in the last three months. 14.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Telos

A number of hedge funds and other institutional investors have recently bought and sold shares of TLS. Covestor Ltd acquired a new position in shares of Telos during the 4th quarter worth $29,000. Integrated Wealth Concepts LLC purchased a new position in Telos in the second quarter valued at about $34,000. Quarry LP purchased a new position in Telos in the fourth quarter valued at about $39,000. Pinnacle Wealth Management Advisory Group LLC acquired a new stake in shares of Telos during the 1st quarter valued at approximately $43,000. Finally, Entropy Technologies LP acquired a new stake in shares of Telos during the 4th quarter valued at approximately $55,000. Institutional investors and hedge funds own 62.14% of the company’s stock.

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.