Wall Street Zen Downgrades Telos (NASDAQ:TLS) to Hold

Telos (NASDAQ:TLS) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday, Wall Street Zen reports.

Several other brokerages also recently commented on TLS. Weiss Ratings raised shares of Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th. Needham & Company LLC started coverage on shares of Telos in a research report on Tuesday, May 26th. They set a “buy” rating and a $6.00 price target for the company. Zacks Research raised shares of Telos from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Finally, Wedbush cut shares of Telos from an “outperform” rating to a “neutral” rating and set a $5.00 price objective on the stock. in a research report on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $6.50.

Telos Stock Down 1.0%

Telos stock opened at $4.03 on Friday. Telos has a 1-year low of $3.79 and a 1-year high of $8.36. The firm has a market capitalization of $301.20 million, a price-to-earnings ratio of -19.19 and a beta of 0.98. The company has a current ratio of 2.38, a quick ratio of 2.26 and a debt-to-equity ratio of 0.05. The firm has a 50 day simple moving average of $4.52 and a 200 day simple moving average of $4.46.

Telos (NASDAQ:TLS) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Telos had a negative net margin of 8.13% and a negative return on equity of 2.60%. The firm had revenue of $47.75 million for the quarter, compared to the consensus estimate of $45.16 million.

Insiders Place Their Bets

In other Telos news, CEO John B. Wood sold 96,151 shares of the business’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $4.05, for a total transaction of $389,411.55. Following the transaction, the chief executive officer directly owned 1,505,867 shares of the company’s stock, valued at approximately $6,098,761.35. The trade was a 6.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Derrick D. Dockery sold 12,000 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $4.43, for a total transaction of $53,160.00. Following the completion of the transaction, the director owned 156,591 shares of the company’s stock, valued at $693,698.13. This trade represents a 7.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 838,549 shares of company stock worth $3,620,454 in the last ninety days. Insiders own 14.90% of the company’s stock.

Hedge Funds Weigh In On Telos

A number of institutional investors have recently bought and sold shares of TLS. Dimensional Fund Advisors LP lifted its holdings in Telos by 9.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,293,134 shares of the company’s stock worth $5,417,000 after buying an additional 115,884 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Telos by 29.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,118,914 shares of the company’s stock worth $4,688,000 after acquiring an additional 256,014 shares during the period. Globeflex Capital L P bought a new position in shares of Telos in the 2nd quarter worth approximately $1,336,000. First Trust Advisors LP raised its position in shares of Telos by 13.7% in the 1st quarter. First Trust Advisors LP now owns 146,773 shares of the company’s stock worth $615,000 after acquiring an additional 17,730 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Telos in the 2nd quarter valued at approximately $533,000. 62.14% of the stock is owned by institutional investors.

About Telos

Telos Corporation (NASDAQ:TLS) is a provider of cybersecurity, secure communications and information technology services for government and commercial organizations. The company helps customers protect data, networks and digital identities while managing cybersecurity risks across complex operating environments.

Its offerings include the Xacta platform, which supports cyber risk management, compliance and authorization activities; Telos Ghost, a privacy-focused networking solution designed to help secure online connections and communications; and services for cloud security, identity management, security assessments and cyber operations.