Telos (NASDAQ:TLS) Given Buy Rating at Needham & Company LLC

Telos (NASDAQ:TLS)‘s stock had its “buy” rating reiterated by equities research analysts at Needham & Company LLC in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $6.00 price objective on the stock. Needham & Company LLC’s target price points to a potential upside of 29.31% from the stock’s current price.

TLS has been the topic of a number of other research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telos in a research note on Monday, April 20th. Wedbush dropped their price objective 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, BMO Capital Markets dropped their price objective on Telos from $8.00 to $5.00 and set a “market perform” rating on the stock in a research note on Monday, March 16th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Telos presently has an average rating of “Hold” and an average target price of $7.10.

Telos Stock Performance

Shares of Telos stock opened at $4.64 on Tuesday. Telos has a 12-month low of $2.37 and a 12-month high of $8.36. The stock has a market cap of $347.16 million, a P/E ratio of -13.26 and a beta of 0.95. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $4.31 and its 200-day moving average is $4.92.

Telos (NASDAQ:TLS) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Telos had a negative return on equity of 11.95% and a negative net margin of 14.25%.The company had revenue of $47.74 million for the quarter, compared to analysts’ expectations of $44.63 million. Equities research analysts predict that Telos will post -0.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Telos

In related news, EVP Edward Hutchinson Jr. Robbins sold 64,527 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $4.02, for a total transaction of $259,398.54. Following the transaction, the executive vice president directly owned 567,278 shares of the company’s stock, valued at approximately $2,280,457.56. The trade was a 10.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 105,723 shares of company stock worth $425,292. 14.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Sound Income Strategies LLC acquired a new position in Telos in the 4th quarter valued at $26,000. Covestor Ltd acquired a new position in Telos in the 4th quarter valued at $29,000. Penserra Capital Management LLC acquired a new position in Telos in the 3rd quarter valued at $42,000. CWM LLC grew its holdings in 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 buying an additional 4,541 shares in the last quarter. Finally, Quarry LP acquired a new position in Telos in the 4th quarter valued at $39,000. 62.14% of the stock is owned by institutional investors and hedge funds.

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.