Telos (NASDAQ:TLS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Telos (NASDAQ:TLS) from a hold rating to a buy rating in a report released on Saturday,Wall Street Zen reports.

TLS has been the subject of a number of other reports. Weiss Ratings upgraded Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th. Zacks Research raised shares of Telos from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Finally, Wedbush lowered shares of Telos from an “outperform” rating to a “neutral” rating and set a $5.00 price target for the company. in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $6.50.

Telos Price Performance

Shares of Telos stock opened at $4.38 on Friday. Telos has a one year low of $3.79 and a one year high of $8.36. The stock’s fifty day moving average is $4.41 and its 200 day moving average is $4.46. The stock has a market cap of $327.36 million, a P/E ratio of -20.86 and a beta of 0.96. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.26 and a current ratio of 2.38.

Telos (NASDAQ:TLS) last released its quarterly earnings results on Monday, August 10th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The business had revenue of $47.75 million during the quarter, compared to analyst estimates of $45.16 million. Telos had a negative return on equity of 2.60% and a negative net margin of 8.13%.

Insiders Place Their Bets

In other news, EVP Hutchinson Robbins sold 62,398 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $4.73, for a total value of $295,142.54. Following the completion of the transaction, the executive vice president owned 589,915 shares of the company’s stock, valued at $2,790,297.95. This represents a 9.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Gary Bendza sold 174,539 shares of the company’s stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $4.05, for a total value of $706,882.95. Following the completion of the transaction, the executive vice president directly owned 337,008 shares of the company’s stock, valued at approximately $1,364,882.40. This trade represents a 34.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 581,549 shares of company stock valued at $2,512,583 in the last ninety days. Insiders own 14.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TLS. Globeflex Capital L P bought a new stake in shares of Telos in the second quarter worth about $1,336,000. Renaissance Technologies LLC lifted its position in shares of Telos by 29.7% in the first quarter. Renaissance Technologies LLC now owns 1,118,914 shares of the company’s stock worth $4,688,000 after buying an additional 256,014 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Telos by 9.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,293,134 shares of the company’s stock worth $5,417,000 after buying an additional 115,884 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Telos during the second quarter valued at approximately $533,000. Finally, Waverly Advisors LLC bought a new position in Telos during the second quarter valued at approximately $400,000. 62.14% of the stock is owned by hedge funds and other institutional investors.

Telos Company Profile

Telos Corporation (NASDAQ: TLS) is a cybersecurity and information technology company that helps government and commercial organizations protect digital assets, manage cyber risk and secure access to networks and applications. The company primarily serves U.S. federal agencies, defense and intelligence organizations, critical infrastructure operators and commercial enterprises.

Its offerings include cybersecurity and risk-management solutions, secure networking, identity and access management, cloud security, and related consulting and professional services.