Telos Corporation (NASDAQ:TLS) Given Consensus Rating of “Hold” by Analysts

Telos Corporation (NASDAQ:TLS) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $7.10.

TLS has been the topic of several research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Telos in a report on Friday, July 17th. Needham & Company LLC initiated coverage on Telos in a research report on Tuesday, May 26th. They set a “buy” rating and a $6.00 price target on the stock.

Telos Trading Down 1.4%

TLS stock traded down $0.06 during mid-day trading on Thursday, reaching $4.36. The company had a trading volume of 63,180 shares, compared to its average volume of 746,162. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.59 and a quick ratio of 2.59. The company has a market capitalization of $325.92 million, a PE ratio of -12.40 and a beta of 0.98. The firm has a 50 day moving average of $4.63 and a 200 day moving average of $4.58. Telos has a 12 month low of $2.37 and a 12 month high of $8.36.

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

Insider Activity at Telos

In other Telos news, Director Bradley W. Jacobs sold 55,772 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $4.31, for a total transaction of $240,377.32. Following the transaction, the director directly owned 166,612 shares in the company, valued at $718,097.72. This represents a 25.08% 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 the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $4.36, for a total transaction of $30,520.00. Following the transaction, 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. Insiders sold 320,772 shares of company stock worth $1,386,488 over the last three months. 14.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Telos

Hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC raised its stake in 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. Arrowstreet Capital Limited Partnership bought a new stake in Telos during the 1st quarter valued at $170,000. First Trust Advisors LP boosted its position in Telos by 13.7% during the 1st quarter. First Trust Advisors LP now owns 146,773 shares of the company’s stock valued at $615,000 after acquiring an additional 17,730 shares in the last quarter. Cassaday & Co Wealth Management LLC increased its holdings in shares of Telos by 50.4% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 126,223 shares of the company’s stock valued at $529,000 after acquiring an additional 42,301 shares during the period. Finally, Dimensional Fund Advisors LP increased 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 acquiring an additional 115,884 shares during the period. 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.