Telos (NASDAQ:TLS) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Telos to “Hold” from “Buy,” bringing the overall analyst consensus to “Hold” with an average price target of $6.50.
• Telos shares opened at $4.07, well below the 12-month high of $8.36. The company recently beat quarterly expectations, reporting $0.04 earnings per share versus the $0.02 consensus and revenue of $47.75 million.
• Insiders sold more than 623,000 shares worth approximately $2.76 million over the past 90 days, while institutional investors own 62.14% of the company.

Telos (NASDAQ:TLS - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Sunday, Wall Street Zen reports.

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

Telos Stock Performance

NASDAQ:TLS opened at $4.07 on Friday. The firm has a 50-day moving average price of $4.54 and a two-hundred day moving average price of $4.46. The company has a current ratio of 2.38, a quick ratio of 2.26 and a debt-to-equity ratio of 0.05. Telos has a twelve month low of $3.79 and a twelve month high of $8.36. The company has a market capitalization of $304.19 million, a P/E ratio of -19.38 and a beta of 0.98.

Telos (NASDAQ:TLS - Get Free Report) last announced its earnings results on Monday, August 10th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. The business had revenue of $47.75 million for the quarter, compared to the consensus estimate of $45.16 million. Telos had a negative return on equity of 2.60% and a negative net margin of 8.13%.

Insider Activity

In other news, EVP Hutchinson Robbins sold 62,398 shares of Telos stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $4.73, for a total transaction of $295,142.54. Following the sale, the executive vice president owned 589,915 shares of the company's stock, valued at approximately $2,790,297.95. The trade was a 9.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Derrick D. Dockery sold 12,000 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $4.43, for a total value of $53,160.00. Following the completion of the transaction, the director directly 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. Over the last 90 days, insiders sold 623,631 shares of company stock valued at $2,764,537. Company insiders own 14.90% of the company's stock.

Institutional Investors Weigh In On Telos

Several institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in Telos by 9.8% during 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 in the last quarter. Renaissance Technologies LLC lifted its position 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 valued at $4,688,000 after acquiring an additional 256,014 shares during the last quarter. Globeflex Capital L P acquired a new stake in shares of Telos during the 2nd quarter valued at $1,336,000. First Trust Advisors LP boosted its stake in shares of Telos by 13.7% during 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, Cassaday & Co Wealth Management LLC boosted its stake in shares of Telos by 50.4% during the 1st quarter. Cassaday & Co Wealth Management LLC now owns 126,223 shares of the company's stock worth $529,000 after acquiring an additional 42,301 shares in the last quarter. Institutional investors and hedge funds own 62.14% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.