Telos Corporation (NASDAQ:TLS) Given Consensus Rating of “Hold” by Brokerages

Shares of Telos Corporation (NASDAQ:TLS) have earned an average rating of “Hold” from the five brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $7.3750.

A number of brokerages have weighed in on TLS. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Telos in a research note on Wednesday, January 21st. BMO Capital Markets cut their price target on shares of Telos from $8.00 to $5.00 and set a “market perform” rating on the stock in a research note on Monday, March 16th. Finally, Wedbush lowered their price objective on shares of Telos from $10.00 to $8.00 and set an “outperform” rating on the stock in a report on Tuesday, March 17th.

Telos Stock Performance

Shares of TLS opened at $4.39 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.57 and a current ratio of 2.57. Telos has a twelve month low of $1.83 and a twelve month high of $8.36. The firm’s 50 day moving average price is $4.24 and its two-hundred day moving average price is $5.35. The firm has a market cap of $339.17 million, a P/E ratio of -8.78 and a beta of 0.94.

Telos (NASDAQ:TLS) last announced its quarterly earnings results on Monday, March 16th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. Telos had a negative net margin of 22.17% and a negative return on equity of 20.30%. The firm had revenue of $46.78 million for the quarter, compared to analyst estimates of $45.22 million. On average, analysts forecast that Telos will post -0.22 EPS for the current fiscal year.

Insider Activity

In other news, EVP Edward Hutchinson Jr. Robbins sold 64,527 shares of Telos stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $4.02, for a total value of $259,398.54. Following the sale, the executive vice president directly owned 567,278 shares in the company, valued at $2,280,457.56. This trade represents a 10.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 105,723 shares of company stock valued at $425,292 in the last 90 days. 14.90% of the stock is owned by company insiders.

Institutional Trading of Telos

A number of hedge funds and other institutional investors have recently made changes to their positions in TLS. Sound Income Strategies LLC acquired a new stake in shares of Telos in the fourth quarter valued at approximately $26,000. Covestor Ltd acquired a new stake in shares of Telos in the fourth quarter valued at approximately $29,000. CWM LLC increased its holdings in Telos by 156.2% during the fourth quarter. CWM LLC now owns 7,448 shares of the company’s stock worth $38,000 after buying an additional 4,541 shares during the last quarter. Quarry LP acquired a new position in Telos during the fourth quarter worth $39,000. Finally, AQR Capital Management LLC acquired a new position in Telos during the first quarter worth $39,000. 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.