Telos Corporation (NASDAQ:TLS) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Telos Corporation (NASDAQ:TLS) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $6.42.

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

Insiders Place Their Bets

In other Telos news, EVP Gary Bendza sold 174,539 shares of the company’s stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $4.05, for a total value of $706,882.95. Following the transaction, the executive vice president owned 337,008 shares of the company’s stock, valued at $1,364,882.40. This represents a 34.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Hutchinson Robbins sold 62,398 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $4.73, for a total transaction of $295,142.54. Following the completion of the transaction, the executive vice president directly owned 589,915 shares in the company, valued at $2,790,297.95. The trade was a 9.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 581,549 shares of company stock valued at $2,512,583 over the last 90 days. Company insiders own 14.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Globeflex Capital L P purchased a new position in shares of Telos during the 2nd quarter worth approximately $1,336,000. Renaissance Technologies LLC raised its position in Telos by 29.7% in the first quarter. Renaissance Technologies LLC now owns 1,118,914 shares of the company’s stock valued at $4,688,000 after purchasing an additional 256,014 shares during the period. Dimensional Fund Advisors LP raised its position in Telos by 9.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,293,134 shares of the company’s stock valued at $5,417,000 after purchasing an additional 115,884 shares during the period. Bank of New York Mellon Corp acquired a new position in Telos during the second quarter worth $533,000. Finally, Waverly Advisors LLC acquired a new position in Telos during the second quarter worth $400,000. Hedge funds and other institutional investors own 62.14% of the company’s stock.

Telos Stock Performance

NASDAQ:TLS opened at $4.18 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.38 and a quick ratio of 2.26. The firm has a market capitalization of $312.41 million, a price-to-earnings ratio of -19.90 and a beta of 0.96. The company’s 50-day moving average is $4.37 and its two-hundred day moving average is $4.46. Telos has a 1-year low of $3.79 and a 1-year high of $8.36.

Telos (NASDAQ:TLS) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate 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 net margin of 8.13% and a negative return on equity of 2.60%.

About Telos

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.