Telos (NASDAQ:TLS) Stock Rating Cut to Hold at Wall Street Zen

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

A number of other equities analysts have also weighed in on the stock. Weiss Ratings upgraded shares of Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 26th. Wedbush downgraded shares of Telos from an “outperform” rating to a “neutral” rating and set a $5.00 target price for the company. in a research note on Thursday, September 10th. Zacks Research raised shares of Telos from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Finally, Yorkville Ives initiated coverage on shares of Telos in a research note on Monday, October 5th. They set an “outperform” rating and a $6.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $6.42.

Telos Stock Performance

NASDAQ:TLS opened at $4.82 on Friday. Telos has a 1 year low of $3.79 and a 1 year high of $8.36. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.38 and a quick ratio of 2.26. The business has a fifty day simple moving average of $4.54 and a two-hundred day simple moving average of $4.52. The company has a market capitalization of $360.25 million, a P/E ratio of -22.95 and a beta of 0.98.

Telos (NASDAQ:TLS) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. Telos had a negative return on equity of 2.60% and a negative net margin of 8.13%. The company had revenue of $47.75 million during the quarter, compared to the consensus estimate of $45.16 million. On average, analysts expect that Telos will post -0.01 earnings per share for the current year.

Insider Transactions at Telos

In other Telos news, Director Derrick Dockery sold 12,000 shares of Telos stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $4.43, for a total transaction of $53,160.00. Following the transaction, the director directly owned 156,591 shares of the company’s stock, valued at approximately $693,698.13. This trade represents a 7.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO John Wood sold 96,151 shares of the business’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $4.05, for a total transaction of $389,411.55. Following the completion of the sale, the chief executive officer directly owned 1,505,867 shares of the company’s stock, valued at $6,098,761.35. This represents a 6.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 581,549 shares of company stock valued at $2,512,583. 14.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Telos

Several hedge funds and other institutional investors have recently modified their holdings of TLS. Globeflex Capital L P bought a new position in shares of Telos during the 2nd quarter valued at about $1,336,000. Renaissance Technologies LLC grew its position in shares of Telos by 29.7% during the first 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 increased its holdings 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 purchasing an additional 115,884 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Telos in the second quarter worth about $533,000. Finally, Pinnacle Associates Ltd. increased its holdings in shares of Telos by 5.1% in the third quarter. Pinnacle Associates Ltd. now owns 2,341,741 shares of the company’s stock worth $9,531,000 after purchasing an additional 113,001 shares during the last quarter. 62.14% of the stock is owned by institutional investors.

Telos Company Profile

Telos Corporation (NASDAQ: TLS) is a cybersecurity and information technology company that provides secure technology solutions to government and commercial organizations. The company focuses on helping customers protect critical systems, data and digital identities while supporting secure operations in complex and highly regulated environments.

Its offerings include cybersecurity consulting, cloud security, secure networking, identity and access management, risk management and governance solutions.