Telos (NASDAQ:TLS) Raised to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Telos to “Buy” from “Hold,” though analyst sentiment remains mixed; MarketBeat reports an average rating of “Hold” and an average price target of $6.50.
• Telos reported quarterly EPS of $0.04, exceeding the $0.02 consensus estimate, while revenue of $47.75 million also surpassed expectations. Analysts expect a full-year loss of $0.05 per share.
• The stock opened at $3.95, near its 12-month low of $3.79 and below its 50-day and 200-day moving averages; insiders have sold 623,631 shares worth about $2.76 million over the past 90 days.

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

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

Telos Stock Performance

Telos stock opened at $3.95 on Friday. The company has a market cap of $295.21 million, a price-to-earnings ratio of -18.81 and a beta of 0.98. Telos has a 12 month low of $3.79 and a 12 month high of $8.36. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.38 and a quick ratio of 2.26. The stock's 50-day moving average is $4.60 and its 200-day moving average is $4.46.

Telos (NASDAQ:TLS - Get Free Report) last issued its 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. The business had revenue of $47.75 million during the quarter, compared to analysts' expectations of $45.16 million. Telos had a negative return on equity of 2.60% and a negative net margin of 8.13%. Equities analysts anticipate that Telos will post -0.05 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Gary Bendza sold 200,000 shares of the business's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $4.55, for a total transaction of $910,000.00. Following the transaction, the executive vice president directly owned 537,008 shares of the company's stock, valued at approximately $2,443,386.40. The trade was a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Derrick D. Dockery sold 12,000 shares of the company's stock in a transaction on Friday, August 21st. The shares were 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 623,631 shares of company stock worth $2,764,537 in the last 90 days. 14.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Telos

Institutional investors have recently added to or reduced their stakes in the company. Two Sigma Investments LP boosted its stake in shares of 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 buying an additional 693,716 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Telos in the second quarter worth $1,801,000. Marshall Wace LLP raised its holdings in Telos by 161.6% in the third quarter. Marshall Wace LLP now owns 911,148 shares of the company's stock valued at $6,232,000 after acquiring an additional 562,878 shares in the last quarter. Lazard Asset Management LLC bought a new position in Telos during the 4th quarter valued at $2,494,000. Finally, Millennium Management LLC grew its holdings in Telos by 28.1% during the 3rd quarter. Millennium Management LLC now owns 2,090,011 shares of the company's stock worth $14,296,000 after acquiring an additional 457,997 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 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.

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