Brokerages Set Telos Corporation (NASDAQ:TLS) PT at $7.75

Telos Corporation (NASDAQ:TLS) has earned a consensus rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $7.75.

TLS has been the subject of several research reports. DA Davidson upped their target price on Telos from $4.00 to $7.50 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Wedbush upped their price objective on shares of Telos from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th. B. Riley reissued a “buy” rating and set a $9.00 target price (up previously from $8.50) on shares of Telos in a research report on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Telos in a research report on Wednesday, October 8th.

Telos Trading Up 3.9%

Shares of TLS opened at $5.82 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.76 and a quick ratio of 2.67. The firm has a market capitalization of $429.23 million, a price-to-earnings ratio of -14.20 and a beta of 0.96. The company has a 50-day moving average of $5.65 and a 200 day moving average of $5.47. Telos has a 1-year low of $1.83 and a 1-year high of $8.36.

Telos (NASDAQ:TLS) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.07. Telos had a negative net margin of 20.47% and a negative return on equity of 26.12%. The firm had revenue of $51.44 million during the quarter, compared to the consensus estimate of $45.70 million. On average, research analysts expect that Telos will post -0.68 EPS for the current year.

Insiders Place Their Bets

In other Telos news, EVP Gary Mark Bendza sold 242,337 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $6.19, for a total transaction of $1,500,066.03. Following the completion of the sale, the executive vice president owned 637,574 shares in the company, valued at $3,946,583.06. This represents a 27.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Fredrick Schaufeld sold 22,239 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $6.02, for a total transaction of $133,878.78. Following the transaction, the director owned 948,718 shares of the company’s stock, valued at approximately $5,711,282.36. This trade represents a 2.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 502,317 shares of company stock valued at $3,019,651. 14.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Telos

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Telos by 3.7% in the third quarter. Vanguard Group Inc. now owns 2,914,891 shares of the company’s stock valued at $19,938,000 after purchasing an additional 104,515 shares during the period. Millennium Management LLC increased its holdings in Telos by 28.1% in the 3rd quarter. Millennium Management LLC now owns 2,090,011 shares of the company’s stock worth $14,296,000 after buying an additional 457,997 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Telos by 11.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,694,473 shares of the company’s stock worth $11,592,000 after buying an additional 169,285 shares during the period. Marshall Wace LLP raised its position in Telos by 161.6% during the 3rd quarter. Marshall Wace LLP now owns 911,148 shares of the company’s stock worth $6,232,000 after buying an additional 562,878 shares during the last quarter. Finally, Two Sigma Investments LP lifted its stake in Telos by 322.9% during the 3rd quarter. Two Sigma Investments LP now owns 908,565 shares of the company’s stock valued at $6,215,000 after acquiring an additional 693,716 shares during the period. Hedge funds and other institutional investors own 62.14% of the company’s stock.

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.