Telos Corporation (NASDAQ:TLS) Receives $7.75 Average Price Target from Brokerages

Telos Corporation (NASDAQ:TLS) has been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $7.75.

Several brokerages have recently weighed in on TLS. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telos in a report on Wednesday, January 21st. B. Riley Financial reaffirmed a “buy” rating and issued a $9.00 target price (up from $8.50) on shares of Telos in a research report on Tuesday, November 11th. Wedbush increased their price target on Telos from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Tuesday, November 11th. Finally, DA Davidson raised their price objective on Telos from $4.00 to $7.50 and gave the company a “neutral” rating in a research note on Tuesday, November 11th.

Telos Price Performance

Shares of TLS opened at $4.89 on Thursday. Telos has a 52-week low of $1.83 and a 52-week high of $8.36. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 2.76. The business’s 50 day moving average price is $5.43 and its two-hundred day moving average price is $5.76. The firm has a market cap of $360.64 million, a PE ratio of -11.93 and a beta of 0.98.

Telos (NASDAQ:TLS) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.09 EPS for the quarter, topping 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 company had revenue of $51.44 million during the quarter, compared to the consensus estimate of $45.70 million. On average, equities analysts anticipate that Telos will post -0.68 EPS for the current year.

Insider Transactions at Telos

In related news, EVP Gary Mark Bendza sold 242,337 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $6.19, for a total value of $1,500,066.03. Following the transaction, the executive vice president owned 637,574 shares of the company’s stock, valued at approximately $3,946,583.06. This trade represents a 27.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Fredrick Schaufeld sold 22,239 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $6.02, for a total value of $133,878.78. Following the completion of the sale, the director directly 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 502,317 shares of company stock worth $3,019,651 in the last 90 days. 14.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Telos

Several institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC purchased a new stake in Telos in the second quarter worth $616,000. White Pine Capital LLC raised its holdings in Telos by 36.3% during the 2nd quarter. White Pine Capital LLC now owns 251,090 shares of the company’s stock valued at $796,000 after acquiring an additional 66,908 shares during the period. Acuitas Investments LLC lifted its position in shares of Telos by 48.0% during the third quarter. Acuitas Investments LLC now owns 771,813 shares of the company’s stock worth $5,279,000 after acquiring an additional 250,400 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Telos by 69.4% during the second quarter. Public Employees Retirement System of Ohio now owns 24,649 shares of the company’s stock worth $78,000 after acquiring an additional 10,100 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Telos in the second quarter worth $122,000. 62.14% of the stock is owned by institutional investors.

About Telos

Telos Corporation (NASDAQ: TLS) is a provider of cybersecurity, secure communications, and 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.