Telos Corporation (NASDAQ:TLS) Receives $7.10 Consensus PT from Brokerages

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

TLS has been the topic of a number of research reports. BMO Capital Markets reduced their target price on shares of Telos from $8.00 to $5.00 and set a “market perform” rating on the stock in a report on Monday, March 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telos in a report on Monday, April 20th. Needham & Company LLC assumed coverage on Telos in a report on Tuesday, May 26th. They issued a “buy” rating and a $6.00 price objective for the company. Finally, Wedbush reduced their price target on Telos from $10.00 to $8.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 17th.

Telos Trading Down 1.0%

Telos stock traded down $0.05 during trading hours on Friday, hitting $4.88. The stock had a trading volume of 488,261 shares, compared to its average volume of 727,445. The business’s 50 day simple moving average is $4.55 and its 200-day simple moving average is $4.63. Telos has a one year low of $2.37 and a one year high of $8.36. The stock has a market cap of $365.12 million, a price-to-earnings ratio of -13.94 and a beta of 0.98. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 0.05.

Telos (NASDAQ:TLS) last released its quarterly earnings results on Monday, May 11th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.04. The company had revenue of $47.74 million for the quarter, compared to analysts’ expectations of $44.62 million. Telos had a negative return on equity of 11.95% and a negative net margin of 14.25%. On average, equities analysts predict that Telos will post -0.21 EPS for the current fiscal year.

Insider Activity

In related news, 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 transaction of $240,377.32. Following the completion of the transaction, the director owned 166,612 shares of the company’s stock, valued at $718,097.72. This trade represents a 25.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Derrick D. Dockery sold 7,000 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $4.36, for a total transaction of $30,520.00. Following the sale, the director directly owned 179,591 shares in the company, valued at $783,016.76. This trade represents a 3.75% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 320,772 shares of company stock valued at $1,386,488. 14.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Telos

A number of hedge funds have recently added to or reduced their stakes in TLS. Rhumbline Advisers raised its position in shares of Telos by 3.4% during the second quarter. Rhumbline Advisers now owns 82,432 shares of the company’s stock worth $261,000 after purchasing an additional 2,740 shares during the period. Toth Financial Advisory Corp grew its position in Telos by 13.2% in the 4th quarter. Toth Financial Advisory Corp now owns 24,091 shares of the company’s stock valued at $123,000 after purchasing an additional 2,800 shares during the period. Public Employees Retirement System of Ohio grew its position in Telos by 12.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 27,749 shares of the company’s stock valued at $190,000 after purchasing an additional 3,100 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Telos by 5.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 67,936 shares of the company’s stock valued at $347,000 after purchasing an additional 3,715 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Telos by 3.6% during the second quarter. American Century Companies Inc. now owns 112,106 shares of the company’s stock worth $355,000 after buying an additional 3,889 shares during the last quarter. 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.