Telos (NASDAQ:TLS – Get Free Report) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.
Other equities analysts have also recently issued research reports about the stock. Needham & Company LLC began coverage on shares of Telos in a research report on Tuesday, May 26th. They issued a “buy” rating and a $6.00 price objective on the stock. Weiss Ratings cut Telos from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Telos presently has an average rating of “Moderate Buy” and an average price target of $7.10.
View Our Latest Research Report on Telos
Telos Stock Performance
Telos (NASDAQ:TLS – Get Free Report) last issued its 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. Telos had a negative net margin of 8.13% and a negative return on equity of 2.60%. The company had revenue of $47.75 million for the quarter, compared to the consensus estimate of $45.16 million. Equities research analysts predict that Telos will post -0.05 earnings per share for the current year.
Insider Buying and Selling at Telos
In related news, Director Derrick D. Dockery sold 11,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $4.34, for a total value of $47,740.00. Following the sale, the director owned 168,591 shares in the company, valued at $731,684.94. This represents a 6.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Gary Mark Bendza sold 97,976 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $4.19, for a total value of $410,519.44. Following the transaction, the executive vice president directly owned 817,148 shares of the company’s stock, valued at approximately $3,423,850.12. This trade represents a 10.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 331,772 shares of company stock valued at $1,434,228. Corporate insiders own 14.90% of the company’s stock.
Institutional Investors Weigh In On Telos
Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Telos by 3.7% during the third quarter. Vanguard Group Inc. now owns 2,914,891 shares of the company’s stock valued at $19,938,000 after acquiring an additional 104,515 shares in the last quarter. Millennium Management LLC boosted its stake in Telos by 28.1% in the 3rd quarter. Millennium Management LLC now owns 2,090,011 shares of the company’s stock worth $14,296,000 after purchasing an additional 457,997 shares in the last quarter. Weber Capital Management LLC ADV bought a new position in Telos in the 4th quarter worth about $9,152,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Telos by 11.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,694,473 shares of the company’s stock valued at $11,592,000 after purchasing an additional 169,285 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Telos by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 1,361,502 shares of the company’s stock valued at $6,945,000 after purchasing an additional 47,688 shares during the last quarter. 62.14% of the stock is owned by hedge funds and other 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.
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