Telos Corporation (NASDAQ:TLS) Receives $7.75 Average PT from Analysts

Telos Corporation (NASDAQ:TLS) has been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $7.75.

Several brokerages recently weighed in on TLS. B. Riley reaffirmed a “buy” rating and issued a $9.00 target price (up previously from $8.50) on shares of Telos in a report on Tuesday, November 11th. Wedbush increased their price objective on shares of Telos from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Tuesday, November 11th. DA Davidson lifted their price objective on shares of Telos from $4.00 to $7.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Telos in a report on Wednesday, October 8th.

Telos Stock Up 0.6%

Shares of NASDAQ TLS opened at $5.22 on Wednesday. The stock has a market cap of $384.98 million, a P/E ratio of -12.73 and a beta of 1.08. The business’s fifty day simple moving average is $6.18 and its 200-day simple moving average is $5.20. Telos has a 12-month low of $1.83 and a 12-month high of $8.36. The company has a current ratio of 2.76, a quick ratio of 2.67 and a debt-to-equity ratio of 0.05.

Telos (NASDAQ:TLS) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.07. The company had revenue of $51.44 million for the quarter, compared to the consensus estimate of $45.70 million. Telos had a negative return on equity of 26.12% and a negative net margin of 20.47%. As a group, equities analysts predict that Telos will post -0.68 EPS for the current fiscal year.

Insider Transactions at Telos

In other Telos news, Director Fredrick Schaufeld sold 155,794 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $5.87, for a total transaction of $914,510.78. Following the sale, the director owned 1,182,904 shares of the company’s stock, valued at approximately $6,943,646.48. This trade represents a 11.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gary Mark Bendza sold 242,337 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $6.19, for a total transaction of $1,500,066.03. Following the completion of the transaction, the executive vice president owned 637,574 shares of the company’s stock, valued at approximately $3,946,583.06. The trade was a 27.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 502,317 shares of company stock worth $3,019,651. Company insiders own 14.90% of the company’s stock.

Institutional Investors Weigh In On Telos

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. OLD Mission Capital LLC purchased a new position in shares of Telos during the first quarter worth about $30,000. AQR Capital Management LLC acquired a new stake in shares of Telos in the 1st quarter valued at about $39,000. Penserra Capital Management LLC purchased a new position in Telos during the 3rd quarter worth approximately $42,000. NewEdge Advisors LLC increased its position in Telos by 28.7% during the first quarter. NewEdge Advisors LLC now owns 17,918 shares of the company’s stock worth $43,000 after buying an additional 4,000 shares during the period. Finally, FNY Investment Advisers LLC purchased a new stake in Telos in the second quarter valued at approximately $53,000. 62.14% of the stock is owned by hedge funds and other institutional investors.

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.