Wall Street Zen lowered shares of Telos (NASDAQ:TLS – Free Report) from a buy rating to a hold rating in a research report released on Sunday,Wall Street Zen reports.
A number of other equities analysts 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. Wedbush downgraded Telos from an “outperform” rating to a “neutral” rating and set a $5.00 target price for the company. in a report on Thursday, September 10th. Weiss Ratings upgraded Telos from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 26th. Finally, Needham & Company LLC initiated coverage on Telos in a research note on Tuesday, May 26th. They issued a “buy” rating and a $6.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $6.50.
View Our Latest Research Report on Telos
Telos Price Performance
Telos (NASDAQ:TLS – Get Free Report) last released its earnings results on Monday, August 10th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $47.75 million during the quarter, compared to the consensus estimate of $45.16 million.
Insider Activity
In related news, EVP Gary Bendza sold 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $4.55, for a total transaction of $910,000.00. Following the transaction, the executive vice president directly owned 537,008 shares of the company’s stock, valued at approximately $2,443,386.40. This represents a 27.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Derrick D. Dockery sold 12,000 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $4.43, for a total value of $53,160.00. Following the completion of the transaction, the director owned 156,591 shares in the company, valued at approximately $693,698.13. The trade was a 7.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 567,859 shares of company stock worth $2,524,160. Company insiders own 14.90% of the company’s stock.
Institutional Investors Weigh In On Telos
Several hedge funds and other institutional investors have recently modified their holdings of TLS. Renaissance Technologies LLC lifted its holdings in shares of Telos by 29.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,118,914 shares of the company’s stock worth $4,688,000 after purchasing an additional 256,014 shares in the last quarter. Globeflex Capital L P bought a new stake in Telos during the 2nd quarter valued at $1,336,000. Arrowstreet Capital Limited Partnership acquired a new position in Telos during the first quarter worth $170,000. First Trust Advisors LP raised its holdings in Telos by 13.7% during the first quarter. First Trust Advisors LP now owns 146,773 shares of the company’s stock worth $615,000 after buying an additional 17,730 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC lifted its stake in shares of Telos by 50.4% in the first quarter. Cassaday & Co Wealth Management LLC now owns 126,223 shares of the company’s stock valued at $529,000 after buying an additional 42,301 shares in the last quarter. Institutional investors own 62.14% of the company’s stock.
About Telos
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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