Wall Street Zen upgraded shares of Telos (NASDAQ:TLS – Free Report) from a hold rating to a buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.
Several other brokerages have also issued reports on TLS. Needham & Company LLC began coverage on Telos in a research report on Tuesday, May 26th. They set a “buy” rating and a $6.00 target price for the company. Zacks Research upgraded Telos from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Wedbush cut Telos from an “outperform” rating to a “neutral” rating and set a $5.00 price target for the company. in a research note on Thursday. Finally, Weiss Ratings raised Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Telos currently has an average rating of “Hold” and an average price target of $6.50.
Get Our Latest Report on Telos
Telos Trading Up 8.6%
Telos (NASDAQ:TLS – Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $0.04 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $47.75 million during the quarter, compared to the consensus estimate of $45.16 million.
Insider Activity at Telos
In other news, EVP Hutchinson Robbins sold 62,398 shares of the 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 transaction, the executive vice president owned 589,915 shares of the company’s stock, valued at $2,790,297.95. This represents a 9.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Bradley W. Jacobs sold 55,772 shares of the stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $4.31, for a total transaction of $240,377.32. Following the transaction, the director directly owned 166,612 shares in the company, valued at $718,097.72. This trade represents a 25.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 623,631 shares of company stock valued at $2,764,537. Company insiders own 14.90% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in TLS. Integrated Wealth Concepts LLC acquired a new stake in Telos in the second quarter valued at approximately $34,000. NewEdge Advisors LLC raised its position in shares of Telos by 413.6% during the second quarter. NewEdge Advisors LLC now owns 75,186 shares of the company’s stock worth $346,000 after purchasing an additional 60,548 shares during the period. Waverly Advisors LLC acquired a new position in shares of Telos during the second quarter worth approximately $400,000. Public Employees Retirement System of Ohio bought a new position in shares of Telos in the 2nd quarter worth $128,000. Finally, Globeflex Capital L P bought a new position in shares of Telos in the 2nd quarter worth $1,336,000. 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 information technology services for government and commercial organizations. The company helps customers protect data, networks and digital identities while managing cybersecurity risks across complex operating environments.
Its offerings include the Xacta platform, which supports cyber risk management, compliance and authorization activities; Telos Ghost, a privacy-focused networking solution designed to help secure online connections and communications; and services for cloud security, identity management, security assessments and cyber operations.
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