Telos (NASDAQ:TLS) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Telos from “buy” to “hold,” although the broader analyst consensus remains “Moderate Buy” with an average price target of $7.10.
• Telos reported quarterly EPS of $0.04, exceeding the $0.02 estimate, while revenue of $47.75 million also topped expectations; analysts forecast a full-year loss of $0.05 per share.
• Insiders sold 335,772 shares worth approximately $1.45 million over the past quarter, while institutional investors and hedge funds 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 note issued on Saturday.

TLS has been the subject of a number of other research reports. Zacks Research raised shares of Telos from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 20th. Needham & Company LLC started coverage on shares of Telos in a report on Tuesday, May 26th. They issued a "buy" rating and a $6.00 price target on the stock. Finally, Weiss Ratings upgraded shares of Telos from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $7.10.

Telos Trading Down 0.6%

Shares of TLS opened at $4.79 on Friday. The company has a market capitalization of $358.00 million, a P/E ratio of -22.81 and a beta of 1.00. Telos has a one year low of $3.79 and a one year high of $8.36. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.26 and a current ratio of 2.38. The stock has a 50-day moving average price of $4.58 and a 200 day moving average price of $4.44.

Telos (NASDAQ:TLS - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. Telos had a negative return on equity of 2.60% and a negative net margin of 8.13%.The company had revenue of $47.75 million for the quarter, compared to the consensus estimate of $45.16 million. Sell-side analysts forecast that Telos will post -0.05 EPS for the current fiscal year.

Insider Buying and Selling at Telos

In other news, Director Derrick D. Dockery sold 12,000 shares of Telos 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 owned 156,591 shares in the company, valued at approximately $693,698.13. This trade represents a 7.12% 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 Bradley W. Jacobs sold 55,772 shares of the business's stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $4.31, for a total value of $240,377.32. Following the completion of the sale, the director owned 166,612 shares of the company's stock, valued at $718,097.72. This trade represents a 25.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 335,772 shares of company stock worth $1,449,148 over the last quarter. 14.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Telos

A number of hedge funds have recently added to or reduced their stakes in TLS. Covestor Ltd bought a new stake in Telos during the fourth quarter valued at $29,000. CWM LLC lifted its position in shares of Telos by 156.2% in the 4th quarter. CWM LLC now owns 7,448 shares of the company's stock worth $38,000 after buying an additional 4,541 shares during the last quarter. Quarry LP acquired a new position in shares of Telos in the 4th quarter valued at about $39,000. AQR Capital Management LLC acquired a new position in shares of Telos in the 1st quarter valued at about $39,000. Finally, Pinnacle Wealth Management Advisory Group LLC bought a new stake in shares of Telos during the 1st quarter valued at about $43,000. Institutional investors and hedge funds 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.

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