Telos (NASDAQ:TLS) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Telos (NASDAQ:TLS) from a hold rating to a strong-buy rating in a research report report published on Thursday morning,Zacks.com reports.

A number of other analysts have also issued reports on TLS. Needham & Company LLC started coverage on shares of Telos in a research note on Tuesday, May 26th. They set a “buy” rating and a $6.00 price objective on the stock. Weiss Ratings downgraded shares of Telos from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $7.10.

Telos Price Performance

TLS stock opened at $4.50 on Thursday. 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 $336.33 million, a P/E ratio of -21.43 and a beta of 1.00. The stock has a 50-day simple moving average of $4.57 and a 200-day simple moving average of $4.46.

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

Insider Buying and Selling at Telos

In other Telos news, Director Bradley W. Jacobs sold 55,772 shares of the company’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 value of $240,377.32. Following the transaction, the director directly owned 166,612 shares of the company’s stock, valued at $718,097.72. This represents a 25.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Derrick D. Dockery sold 11,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $4.34, for a total value of $47,740.00. Following the transaction, the director owned 168,591 shares of the company’s stock, valued at approximately $731,684.94. This trade represents a 6.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 331,772 shares of company stock worth $1,434,228 in the last 90 days. 14.90% of the stock is owned by corporate insiders.

Institutional Trading of Telos

Institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its stake in Telos by 51.3% during the 1st quarter. Invesco Ltd. now owns 40,042 shares of the company’s stock valued at $95,000 after acquiring an additional 13,584 shares during the last quarter. AQR Capital Management LLC acquired a new position in Telos during the 1st quarter worth $39,000. NewEdge Advisors LLC increased its position in shares of Telos by 28.7% in the 1st quarter. NewEdge Advisors LLC now owns 17,918 shares of the company’s stock worth $43,000 after purchasing an additional 4,000 shares during the last quarter. Rhumbline Advisers increased its position in shares of Telos by 3.4% in the 2nd quarter. Rhumbline Advisers now owns 82,432 shares of the company’s stock worth $261,000 after purchasing an additional 2,740 shares during the last quarter. Finally, American Century Companies Inc. increased 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 worth $355,000 after purchasing an additional 3,889 shares during the last quarter. 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.