Telos (NASDAQ:TLS) Raised to Hold at Wedbush

Telos (NASDAQ:TLS) was upgraded by analysts at Wedbush to a “hold” rating in a report issued on Thursday, Zacks reports.

A number of other equities analysts have also recently issued reports on the stock. Zacks Research upgraded shares of Telos from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Weiss Ratings raised shares of Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th. Needham & Company LLC began coverage on Telos in a research report on Tuesday, May 26th. They set a “buy” rating and a $6.00 price objective for the company. Finally, Wall Street Zen upgraded Telos from a “hold” rating to a “buy” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.50.

Telos Stock Down 15.6%

TLS opened at $3.95 on Thursday. The business’s fifty day moving average is $4.60 and its two-hundred day moving average is $4.46. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.26 and a current ratio of 2.38. The company has a market cap of $295.21 million, a price-to-earnings ratio of -18.81 and a beta of 0.98. Telos has a one year low of $3.79 and a one year high of $8.36.

Telos (NASDAQ:TLS) last announced its quarterly 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 return on equity of 2.60% and a negative net margin of 8.13%.The business had revenue of $47.75 million during the quarter, compared to analysts’ expectations of $45.16 million. Analysts anticipate that Telos will post -0.05 EPS for the current fiscal year.

Insider Activity

In other news, Director Bradley Jacobs sold 55,772 shares of Telos stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $4.31, for a total transaction of $240,377.32. Following the completion of the sale, the director directly owned 166,612 shares in the company, valued at $718,097.72. The trade was a 25.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Gary Bendza sold 25,461 shares of the business’s stock in a transaction that occurred 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 approximately $2,214,998.51. This represents a 4.74% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 623,631 shares of company stock valued at $2,764,537. 14.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Telos

Institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new position in Telos in the second quarter valued at $34,000. NewEdge Advisors LLC grew its holdings in Telos by 413.6% in the 2nd quarter. NewEdge Advisors LLC now owns 75,186 shares of the company’s stock valued at $346,000 after buying an additional 60,548 shares during the period. Waverly Advisors LLC acquired a new position in shares of Telos during the 2nd quarter valued at about $400,000. Public Employees Retirement System of Ohio acquired a new position in shares of Telos during the 2nd quarter valued at about $128,000. Finally, Globeflex Capital L P purchased a new position in shares of Telos during the 2nd quarter worth about $1,336,000. 62.14% of the stock is currently owned by institutional investors and hedge funds.

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.