Telos Corporation (NASDAQ:TLS) Receives $7.10 Average Price Target from Brokerages

Telos Corporation (NASDAQ:TLS) has earned an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $7.10.

Several equities research analysts have recently commented on TLS shares. BMO Capital Markets lowered their target price on Telos from $8.00 to $5.00 and set a “market perform” rating for the company in a research note on Monday, March 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Telos in a research note on Monday, April 20th. Needham & Company LLC started coverage on Telos in a research note on Tuesday, May 26th. They issued a “buy” rating and a $6.00 target price for the company. Finally, Wedbush lowered their target price on Telos from $10.00 to $8.00 and set an “outperform” rating for the company in a research note on Tuesday, March 17th.

Insider Activity at Telos

In other news, Director Derrick D. Dockery sold 8,000 shares of Telos stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $4.78, for a total value of $38,240.00. Following the completion of the sale, the director directly owned 186,591 shares of the company’s stock, valued at approximately $891,904.98. This trade represents a 4.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 14.90% of the company’s stock.

Institutional Investors Weigh In On Telos

Several 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 4th quarter valued at $26,000. Covestor Ltd bought a new position in shares of Telos in the 4th quarter worth $29,000. CWM LLC boosted its position in shares of Telos by 156.2% in the 4th quarter. CWM LLC now owns 7,448 shares of the company’s stock worth $38,000 after purchasing an additional 4,541 shares during the last quarter. Quarry LP bought a new position in shares of Telos in the 4th quarter worth $39,000. Finally, AQR Capital Management LLC bought a new position in shares of Telos in the 1st quarter worth $39,000. 62.14% of the stock is owned by institutional investors and hedge funds.

Telos Trading Up 1.1%

TLS stock opened at $4.53 on Wednesday. The business has a fifty day moving average price of $4.43 and a 200 day moving average price of $4.75. Telos has a fifty-two week low of $2.37 and a fifty-two week high of $8.36. The stock has a market capitalization of $338.93 million, a price-to-earnings ratio of -12.94 and a beta of 0.97. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.59 and a quick ratio of 2.59.

Telos (NASDAQ:TLS) last released its quarterly earnings results on Monday, May 11th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The firm had revenue of $47.74 million during the quarter, compared to analysts’ expectations of $44.63 million. Telos had a negative return on equity of 11.95% and a negative net margin of 14.25%. Analysts expect that Telos will post -0.21 EPS for the current fiscal year.

Telos Company Profile

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.