Shares of Telos Corporation (NASDAQ:TLS – Get Free Report) have earned an average recommendation of “Hold” from the seven analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $6.50.
A number of research firms have recently issued reports on TLS. Zacks Research upgraded Telos from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. Wedbush cut Telos from an “outperform” rating to a “neutral” rating and set a $5.00 price objective for the company. in a research report on Thursday, September 10th. Wall Street Zen upgraded Telos from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings raised Telos from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 26th.
Get Our Latest Report on Telos
Telos Stock Performance
Telos (NASDAQ:TLS – Get Free Report) last posted its earnings results on Monday, August 10th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $47.75 million during the quarter, compared to the consensus estimate of $45.16 million. Telos had a negative net margin of 8.13% and a negative return on equity of 2.60%.
Insider Buying and Selling at Telos
In other news, CEO John Wood sold 96,151 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $4.05, for a total value of $389,411.55. Following the transaction, the chief executive officer owned 1,505,867 shares in the company, valued at $6,098,761.35. This represents a 6.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Derrick Dockery sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $4.43, for a total transaction of $53,160.00. Following the completion of the transaction, the director directly owned 156,591 shares in the company, valued at approximately $693,698.13. The trade was a 7.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 581,549 shares of company stock worth $2,512,583 over the last 90 days. 14.90% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC bought a new stake in shares of Telos during the 2nd quarter valued at $34,000. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Telos in the 1st quarter worth $43,000. SG Americas Securities LLC purchased a new stake in shares of Telos in the 1st quarter worth $53,000. Krilogy Financial LLC raised its holdings in Telos by 34.6% in the 1st quarter. Krilogy Financial LLC now owns 18,121 shares of the company’s stock worth $80,000 after purchasing an additional 4,662 shares during the period. Finally, Y.D. More Investments Ltd bought a new position in Telos in the 1st quarter worth $111,000. Hedge funds and other institutional investors own 62.14% of the company’s stock.
About Telos
Telos Corporation (NASDAQ: TLS) is a cybersecurity and information technology company that helps government and commercial organizations protect digital assets, manage cyber risk and secure access to networks and applications. The company primarily serves U.S. federal agencies, defense and intelligence organizations, critical infrastructure operators and commercial enterprises.
Its offerings include cybersecurity and risk-management solutions, secure networking, identity and access management, cloud security, and related consulting and professional services.
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