Telos Corporation (NASDAQ:TLS) Receives Average Recommendation of “Hold” from Brokerages

Shares of Telos Corporation (NASDAQ:TLS) have received a consensus rating of “Hold” from the five research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $7.3750.

Several analysts have commented on TLS shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Telos in a research report on Wednesday, January 21st. Wedbush reduced their price objective on shares of Telos from $10.00 to $8.00 and set an “outperform” rating for the company in a research note on Tuesday, March 17th. Finally, BMO Capital Markets decreased their price objective on shares of Telos from $8.00 to $5.00 and set a “market perform” rating for the company in a report on Monday, March 16th.

Telos Stock Down 1.7%

TLS stock traded down $0.08 during mid-day trading on Friday, hitting $4.25. The stock had a trading volume of 64,107 shares, compared to its average volume of 830,031. Telos has a 1-year low of $1.83 and a 1-year high of $8.36. The company has a fifty day moving average of $4.64 and a 200 day moving average of $5.67. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $315.06 million, a price-to-earnings ratio of -8.49 and a beta of 1.03.

Telos (NASDAQ:TLS) last announced its quarterly earnings results on Monday, March 16th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. Telos had a negative return on equity of 20.30% and a negative net margin of 22.17%.The business had revenue of $46.78 million during the quarter, compared to analyst estimates of $45.22 million. On average, equities analysts expect that Telos will post -0.68 EPS for the current fiscal year.

Insider Activity

In other news, EVP Edward Hutchinson Jr. Robbins sold 64,527 shares of the stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $4.02, for a total transaction of $259,398.54. Following the transaction, the executive vice president owned 567,278 shares of the company’s stock, valued at approximately $2,280,457.56. This represents a 10.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders sold 105,723 shares of company stock worth $425,292. Corporate insiders own 14.90% of the company’s stock.

Hedge Funds Weigh In On Telos

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its position in shares of Telos by 3.4% in the second quarter. Rhumbline Advisers now owns 82,432 shares of the company’s stock valued at $261,000 after purchasing an additional 2,740 shares during the period. Toth Financial Advisory Corp boosted its holdings in shares of Telos by 13.2% during the 4th quarter. Toth Financial Advisory Corp now owns 24,091 shares of the company’s stock worth $123,000 after buying an additional 2,800 shares during the period. Public Employees Retirement System of Ohio grew its stake in Telos by 12.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 27,749 shares of the company’s stock valued at $190,000 after buying an additional 3,100 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Telos by 5.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 67,936 shares of the company’s stock worth $347,000 after acquiring an additional 3,715 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Telos by 3.6% during the 2nd quarter. American Century Companies Inc. now owns 112,106 shares of the company’s stock worth $355,000 after acquiring an additional 3,889 shares during the last quarter. Institutional investors and hedge funds own 62.14% of the company’s stock.

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.