Brokerages Set Telos Corporation (NASDAQ:TLS) PT at $7.38

Shares of Telos Corporation (NASDAQ:TLS) have received an average rating of “Hold” from the five ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $7.3750.

A number of research analysts recently issued reports on TLS shares. Wedbush decreased their target price on Telos from $10.00 to $8.00 and set an “outperform” rating for the company in a report on Tuesday, March 17th. BMO Capital Markets cut their price target on Telos from $8.00 to $5.00 and set a “market perform” rating on the stock in a report on Monday, March 16th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Telos in a research note on Wednesday, January 21st.

Insiders Place Their Bets

In related news, EVP Edward Hutchinson Jr. Robbins sold 64,527 shares of Telos stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $4.02, for a total value of $259,398.54. Following the completion of the transaction, the executive vice president owned 567,278 shares in the company, valued at $2,280,457.56. The trade was a 10.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 105,723 shares of company stock valued at $425,292 over the last 90 days. 14.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Telos

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sound Income Strategies LLC acquired a new position in shares of Telos during the fourth quarter worth $26,000. Covestor Ltd purchased a new stake in Telos during the 4th quarter worth about $29,000. CWM LLC lifted its holdings in Telos by 156.2% during the 4th quarter. CWM LLC now owns 7,448 shares of the company’s stock worth $38,000 after buying an additional 4,541 shares during the last quarter. Quarry LP acquired a new position in shares of Telos during the 4th quarter worth about $39,000. Finally, AQR Capital Management LLC purchased a new position in shares of Telos in the 1st quarter valued at about $39,000. 62.14% of the stock is currently owned by institutional investors and hedge funds.

Telos Trading Down 0.2%

Shares of TLS stock opened at $4.32 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.57 and a current ratio of 2.57. The stock has a market capitalization of $333.76 million, a P/E ratio of -8.64 and a beta of 0.94. The company has a 50 day moving average price of $4.50 and a 200 day moving average price of $5.59. Telos has a fifty-two week low of $1.83 and a fifty-two week high of $8.36.

Telos (NASDAQ:TLS) last released its earnings results on Monday, March 16th. 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 net margin of 22.17% and a negative return on equity of 20.30%. The company had revenue of $46.78 million for the quarter, compared to analyst estimates of $45.22 million. Equities research analysts predict that Telos will post -0.68 EPS for the current fiscal year.

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.