Telos (NASDAQ:TLS) Stock Moved Up to Buy by Wall Street Zen

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

Other equities research analysts have also issued reports about the company. Wedbush lowered Telos from an “outperform” rating to a “neutral” rating and set a $5.00 price target for the company. in a research note on Thursday, September 10th. Weiss Ratings upgraded Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th. Finally, Zacks Research upgraded Telos from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. One equities research 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $6.50.

Telos Price Performance

TLS stock opened at $4.63 on Friday. The stock has a market cap of $346.05 million, a PE ratio of -22.05 and a beta of 0.96. Telos has a 12 month low of $3.79 and a 12 month high of $8.36. The company has a 50-day moving average price of $4.42 and a 200 day moving average price of $4.46. 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 (NASDAQ:TLS) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Telos had a negative net margin of 8.13% and a negative return on equity of 2.60%. The company had revenue of $47.75 million for the quarter, compared to analyst estimates of $45.16 million.

Insider Transactions at Telos

In other Telos news, Director Derrick D. Dockery sold 12,000 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $4.43, for a total value of $53,160.00. Following the completion of the sale, the director directly owned 156,591 shares in the company, valued at approximately $693,698.13. This represents a 7.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gary Bendza sold 200,000 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $4.55, for a total value of $910,000.00. Following the transaction, the executive vice president directly owned 537,008 shares in the company, valued at $2,443,386.40. The trade was a 27.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 581,549 shares of company stock worth $2,512,583 in the last ninety days. 14.90% of the stock is owned by company insiders.

Institutional Trading of Telos

Several institutional investors and hedge funds have recently made changes to their positions in the company. Globeflex Capital L P purchased a new stake in Telos in the second quarter worth about $1,336,000. Renaissance Technologies LLC raised its holdings in shares of Telos by 29.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,118,914 shares of the company’s stock valued at $4,688,000 after purchasing an additional 256,014 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Telos by 9.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,293,134 shares of the company’s stock valued at $5,417,000 after purchasing an additional 115,884 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Telos in the 2nd quarter worth approximately $533,000. Finally, Waverly Advisors LLC purchased a new stake in shares of Telos in the 2nd quarter worth approximately $400,000. 62.14% of the stock is currently owned by 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.