Telos Corporation (NASDAQ:TLS) Receives Consensus Recommendation of “Hold” from Analysts

Telos Corporation (NASDAQ:TLS) has been given a consensus rating of “Hold” by the six ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $7.75.

Several equities research analysts recently issued reports on TLS shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Telos in a research note on Wednesday, October 8th. B. Riley restated a “buy” rating and set a $9.00 target price (up from $8.50) on shares of Telos in a research note on Tuesday, November 11th. DA Davidson lifted their target price on Telos from $4.00 to $7.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Finally, Wedbush boosted their price target on Telos from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th.

Telos Stock Performance

Telos stock opened at $5.29 on Friday. The firm has a market capitalization of $390.14 million, a PE ratio of -12.90 and a beta of 0.96. Telos has a one year low of $1.83 and a one year high of $8.36. The stock’s 50 day moving average price is $5.69 and its 200 day moving average price is $5.41. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 2.76.

Telos (NASDAQ:TLS) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. Telos had a negative net margin of 20.47% and a negative return on equity of 26.12%. The company had revenue of $51.44 million for the quarter, compared to analyst estimates of $45.70 million. As a group, sell-side analysts expect that Telos will post -0.68 EPS for the current fiscal year.

Insider Activity at Telos

In related news, Director Fredrick Schaufeld sold 22,239 shares of Telos stock in a transaction on Friday, December 12th. The shares were sold at an average price of $6.02, for a total value of $133,878.78. Following the completion of the sale, the director owned 948,718 shares in the company, valued at approximately $5,711,282.36. The trade was a 2.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gary Mark Bendza sold 242,337 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $6.19, for a total transaction of $1,500,066.03. Following the completion of the sale, the executive vice president directly owned 637,574 shares in the company, valued at $3,946,583.06. This represents a 27.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 502,317 shares of company stock worth $3,019,651 over the last 90 days. 14.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Telos

Several hedge funds and other institutional investors have recently modified their holdings of TLS. JPMorgan Chase & Co. grew its holdings in shares of Telos by 391.6% during the third quarter. JPMorgan Chase & Co. now owns 193,081 shares of the company’s stock valued at $1,321,000 after purchasing an additional 153,802 shares during the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of Telos in the 3rd quarter worth approximately $99,000. Acuitas Investments LLC boosted its position in Telos by 48.0% during the 3rd quarter. Acuitas Investments LLC now owns 771,813 shares of the company’s stock valued at $5,279,000 after purchasing an additional 250,400 shares during the period. NewEdge Advisors LLC boosted its position in Telos by 58.3% during the 3rd quarter. NewEdge Advisors LLC now owns 28,360 shares of the company’s stock valued at $194,000 after purchasing an additional 10,442 shares during the period. Finally, XTX Topco Ltd grew its stake in Telos by 34.6% during the 3rd quarter. XTX Topco Ltd now owns 194,847 shares of the company’s stock worth $1,333,000 after buying an additional 50,063 shares during 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 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.