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

Wedbush upgraded shares of Telos (NASDAQ:TLSFree Report) to a hold rating in a research report sent to investors on Thursday morning,Zacks reports.

Several other equities analysts have also recently weighed in on TLS. Zacks Research raised shares of Telos from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. 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 target price for the company. Weiss Ratings upgraded shares of Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th. Finally, Wall Street Zen raised shares of Telos from a “hold” rating to a “buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $6.50.

Get Our Latest Stock Report on TLS

Telos Stock Performance

TLS opened at $3.95 on Thursday. The company has a market capitalization of $295.21 million, a price-to-earnings ratio of -18.81 and a beta of 0.98. The business’s 50-day moving average price is $4.60 and its two-hundred day moving average price is $4.46. Telos has a 1 year low of $3.79 and a 1 year high of $8.36. 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 (NASDAQ:TLSGet Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.04 earnings per share for the quarter, topping 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 company had revenue of $47.75 million during the quarter, compared to analysts’ expectations of $45.16 million. Equities analysts expect that Telos will post -0.05 EPS for the current fiscal year.

Insider Buying and Selling

In other Telos news, EVP Gary Bendza sold 25,461 shares of Telos stock in a transaction on Friday, September 11th. The shares were sold at an average price of $4.33, for a total transaction of $110,246.13. Following the completion of the transaction, the executive vice president directly owned 511,547 shares of the company’s stock, valued at $2,214,998.51. The trade was a 4.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Hutchinson Robbins sold 62,398 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $4.73, for a total transaction of $295,142.54. Following the completion of the transaction, the executive vice president owned 589,915 shares in the company, valued at approximately $2,790,297.95. This trade represents a 9.57% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 623,631 shares of company stock worth $2,764,537. 14.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TLS. Renaissance Technologies LLC increased its position in Telos by 29.7% during the first quarter. Renaissance Technologies LLC now owns 1,118,914 shares of the company’s stock worth $4,688,000 after acquiring an additional 256,014 shares during the period. Globeflex Capital L P acquired a new position in shares of Telos during the 2nd quarter worth approximately $1,336,000. Polymer Capital Management US LLC bought a new position in shares of Telos during the fourth quarter worth approximately $91,000. NewEdge Advisors LLC increased its holdings in shares of 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 purchasing an additional 4,000 shares during the period. Finally, Quarry LP acquired a new stake in shares of Telos in the fourth quarter valued at approximately $39,000. Institutional investors own 62.14% of the company’s stock.

Telos Company Profile

(Get Free Report)

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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Analyst Recommendations for Telos (NASDAQ:TLS)

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