Telos Corporation (NASDAQ:TLS) Stock Has Consensus Price Target of $6.42

Shares of Telos Corporation (NASDAQ:TLS) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $6.42.

A number of equities research analysts have weighed in on TLS shares. Zacks Research upgraded Telos from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. Wall Street Zen lowered Telos from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings upgraded Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th. Wedbush downgraded shares of Telos from an “outperform” rating to a “neutral” rating and set a $5.00 price target for the company. in a research report on Thursday, September 10th. Finally, Yorkville Ives started coverage on shares of Telos in a research note on Monday, October 5th. They issued an “outperform” rating and a $6.00 price target for the company.

Telos Stock Up 0.8%

Shares of NASDAQ TLS traded up $0.04 during trading on Friday, reaching $4.82. 834,376 shares of the stock were exchanged, compared to its average volume of 746,160. The business’s 50-day moving average price is $4.54 and its 200 day moving average price is $4.52. Telos has a twelve month low of $3.79 and a twelve month high of $8.36. The company has a quick ratio of 2.26, a current ratio of 2.38 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $360.25 million, a price-to-earnings ratio of -22.95 and a beta of 0.98.

Telos (NASDAQ:TLS) last released its quarterly earnings results on Monday, August 10th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $47.75 million during the quarter, compared to analyst estimates of $45.16 million. Telos had a negative net margin of 8.13% and a negative return on equity of 2.60%. As a group, equities analysts forecast that Telos will post -0.01 EPS for the current fiscal year.

Insider Activity at Telos

In other news, EVP Gary Bendza sold 200,000 shares of Telos stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 537,008 shares in the company, valued at approximately $2,443,386.40. This trade represents a 27.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John B. Wood sold 96,151 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The shares were 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 in the company, valued at approximately $6,098,761.35. This represents a 6.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 581,549 shares of company stock valued at $2,512,583 in the last 90 days. 14.90% of the stock is currently owned by insiders.

Institutional Trading of Telos

Institutional investors and hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new position in shares of Telos in the 2nd quarter valued at about $34,000. Ashton Thomas Private Wealth LLC acquired a new stake in Telos during the third quarter worth about $42,000. SG Americas Securities LLC bought a new position in Telos in the first quarter worth about $53,000. R Squared Ltd lifted its holdings in Telos by 40.5% in the third quarter. R Squared Ltd now owns 18,716 shares of the company’s stock worth $76,000 after acquiring an additional 5,396 shares during the last quarter. Finally, Y.D. More Investments Ltd acquired a new position in Telos in the first quarter valued at approximately $111,000. 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 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.