Telos (NASDAQ:TLS) Upgraded by Zacks Research to Strong-Buy Rating

Telos (NASDAQ:TLS) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Several other analysts also recently weighed in on TLS. Weiss Ratings downgraded Telos from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. Needham & Company LLC initiated coverage on Telos in a research report on Tuesday, May 26th. They set a “buy” rating and a $6.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $7.10.

Telos Price Performance

Shares of NASDAQ:TLS opened at $4.50 on Thursday. The firm’s 50 day moving average is $4.57 and its two-hundred day moving average is $4.46. The firm has a market capitalization of $336.33 million, a P/E ratio of -21.43 and a beta of 1.00. The company has a current ratio of 2.38, a quick ratio of 2.26 and a debt-to-equity ratio of 0.05. Telos has a 52 week low of $3.79 and a 52 week high of $8.36.

Telos (NASDAQ:TLS) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. The business had revenue of $47.75 million during the quarter, compared to the consensus estimate of $45.16 million. Telos had a negative return on equity of 2.60% and a negative net margin of 8.13%. Analysts anticipate that Telos will post -0.05 earnings per share for the current year.

Insider Buying and Selling at Telos

In other news, Director Derrick D. Dockery sold 11,000 shares of Telos stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $4.34, for a total transaction of $47,740.00. Following the transaction, the director directly owned 168,591 shares in the company, valued at approximately $731,684.94. This trade represents a 6.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bradley W. Jacobs sold 55,772 shares of Telos stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $4.31, for a total value of $240,377.32. Following the transaction, the director owned 166,612 shares in the company, valued at approximately $718,097.72. This trade represents a 25.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 331,772 shares of company stock valued at $1,434,228. 14.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Telos

Several hedge funds and other institutional investors have recently bought and sold shares of TLS. Covestor Ltd acquired a new stake in Telos in the 4th quarter valued at about $29,000. CWM LLC grew its stake 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 acquired a new position in shares of Telos in the 4th quarter worth approximately $39,000. AQR Capital Management LLC bought a new stake in shares of Telos in the 1st quarter worth approximately $39,000. Finally, Pinnacle Wealth Management Advisory Group LLC bought a new stake in shares of Telos in the 1st quarter worth approximately $43,000. 62.14% of the stock is currently owned by institutional investors.

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.