Telos (NASDAQ:TLS) Raised to “Buy” at Wall Street Zen

Telos (NASDAQ:TLS) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other equities research analysts also recently commented on TLS. Wedbush downgraded shares of Telos from an “outperform” rating to a “neutral” rating and set a $5.00 target price on the stock. in a research report on Thursday, September 10th. Zacks Research raised shares of Telos from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Finally, Weiss Ratings upgraded shares of Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $6.50.

Telos Price Performance

Telos stock opened at $4.63 on Friday. The stock has a 50-day moving average price of $4.42 and a two-hundred day moving average price of $4.46. Telos has a 12 month low of $3.79 and a 12 month high of $8.36. The company has a market capitalization of $346.05 million, a PE ratio of -22.05 and a beta of 0.96. 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 released 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 for the quarter, compared to analysts’ expectations of $45.16 million.

Insiders Place Their Bets

In related news, EVP Hutchinson Robbins sold 62,398 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $4.73, for a total transaction of $295,142.54. Following the completion of the sale, the executive vice president owned 589,915 shares of the company’s stock, valued at $2,790,297.95. This trade represents a 9.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John B. Wood sold 96,151 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $4.05, for a total value of $389,411.55. Following 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold 581,549 shares of company stock valued at $2,512,583 over the last 90 days. 14.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Telos

Institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC bought a new position in shares of Telos during the 2nd quarter worth approximately $34,000. NewEdge Advisors LLC grew its position in shares of Telos by 413.6% during the 2nd quarter. NewEdge Advisors LLC now owns 75,186 shares of the company’s stock worth $346,000 after buying an additional 60,548 shares during the period. Waverly Advisors LLC acquired a new stake in shares of Telos during the 2nd quarter worth approximately $400,000. Public Employees Retirement System of Ohio bought a new stake in shares of Telos in the 2nd quarter valued at $128,000. Finally, Globeflex Capital L P bought a new stake in shares of Telos in the 2nd quarter valued at $1,336,000. 62.14% of the stock is owned by institutional investors and hedge funds.

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.