Telos (NASDAQ:TLS) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Telos (NASDAQ:TLS) from a buy rating to a hold rating in a report published on Saturday,Wall Street Zen reports.

Several other research analysts also recently commented on the company. Zacks Research raised Telos from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. Needham & Company LLC started coverage on Telos in a report on Tuesday, May 26th. They issued a “buy” rating and a $6.00 price objective on the stock. Finally, Weiss Ratings raised shares of Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $7.10.

Telos Trading Up 0.6%

TLS stock opened at $4.82 on Friday. 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 has a 12-month low of $3.79 and a 12-month high of $8.36. The stock has a market cap of $360.25 million, a price-to-earnings ratio of -22.95 and a beta of 1.00. The business’s 50-day moving average is $4.59 and its 200 day moving average is $4.43.

Telos (NASDAQ:TLS) last announced its earnings results on Monday, August 10th. The company reported $0.04 EPS 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 analysts’ expectations of $45.16 million. Telos had a negative return on equity of 2.60% and a negative net margin of 8.13%. On average, sell-side analysts anticipate that Telos will post -0.05 EPS for the current fiscal year.

Insider Transactions at Telos

In related news, EVP Gary Mark Bendza sold 97,976 shares of the stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $4.19, for a total value of $410,519.44. Following the completion of the sale, the executive vice president owned 817,148 shares of the company’s stock, valued at approximately $3,423,850.12. This trade represents a 10.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Derrick D. Dockery sold 12,000 shares of Telos stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $4.43, for a total value of $53,160.00. Following the transaction, the director owned 156,591 shares in the company, valued at approximately $693,698.13. The trade was a 7.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 335,772 shares of company stock worth $1,449,148 in the last ninety days. Insiders own 14.90% of the company’s stock.

Institutional Trading of Telos

Several large investors have recently added to or reduced their stakes in TLS. Covestor Ltd acquired a new stake in shares of Telos in the 4th quarter worth $29,000. CWM LLC boosted its position in shares of Telos by 156.2% during 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 last quarter. Quarry LP acquired a new position in shares of Telos during the 4th quarter valued at about $39,000. AQR Capital Management LLC purchased a new stake in shares of Telos in the first quarter valued at about $39,000. Finally, Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Telos in the first quarter valued at about $43,000. 62.14% of the stock is currently owned by hedge funds and other 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.