Telos Corporation (NASDAQ:TLS) Receives Consensus Recommendation of “Hold” from Analysts

Telos Corporation (NASDAQ:TLS) has been given an average recommendation of “Hold” by the six research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $7.10.

A number of analysts have recently commented on TLS shares. BMO Capital Markets cut their price target on 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 reissued a “sell (d-)” rating on shares of Telos in a research report on Monday, April 20th. Wedbush cut their target price on Telos from $10.00 to $8.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 17th. Finally, Needham & Company LLC began 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.

Insider Activity

In other news, EVP Gary Mark Bendza sold 80,140 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $4.41, for a total value of $353,417.40. Following the completion of the transaction, the executive vice president owned 737,008 shares in the company, valued at $3,250,205.28. This trade represents a 9.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Derrick D. Dockery sold 7,000 shares of Telos stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $4.36, for a total value of $30,520.00. Following the completion of the sale, the director directly owned 179,591 shares in the company, valued at approximately $783,016.76. This represents a 3.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 320,772 shares of company stock worth $1,386,488 over the last ninety days. Insiders own 14.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Sound Income Strategies LLC acquired a new position in Telos during the fourth quarter worth $26,000. Covestor Ltd acquired a new stake in Telos in the fourth quarter valued at $29,000. CWM LLC grew its position in shares of Telos by 156.2% in the 4th quarter. CWM LLC now owns 7,448 shares of the company’s stock valued at $38,000 after acquiring an additional 4,541 shares during the period. Quarry LP acquired a new position in shares of Telos during the 4th quarter worth about $39,000. Finally, Pinnacle Wealth Management Advisory Group LLC bought a new stake in shares of Telos in the 1st quarter valued at about $43,000. Institutional investors and hedge funds own 62.14% of the company’s stock.

Telos Price Performance

Telos stock remained flat at $4.90 during mid-day trading on Friday. The company’s stock had a trading volume of 509,824 shares, compared to its average volume of 868,592. The company has a market capitalization of $366.62 million, a P/E ratio of -14.00 and a beta of 0.98. The business has a fifty day moving average of $4.50 and a two-hundred day moving average of $4.65. Telos has a 1 year low of $2.37 and a 1 year high of $8.36. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.59 and a quick ratio of 2.59.

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

About Telos

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.