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

Key Points

• Wall Street Zen downgraded Telos from “buy” to “hold.” Analyst views remain mixed, with MarketBeat reporting an overall “Moderate Buy” rating and an average price target of $6.42.
• Telos beat quarterly expectations, reporting EPS of $0.04 versus a $0.02 consensus and revenue of $47.75 million versus expectations of $45.16 million.
• Company insiders sold 581,549 shares valued at about $2.51 million during the last quarter; insiders own 14.90% of the stock.

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 note issued to investors on Saturday, Wall Street Zen reports.

Other research analysts have also issued research reports about the company. Zacks Research raised Telos from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 20th. Wedbush cut shares of Telos from an "outperform" rating to a "neutral" rating and set a $5.00 price target for the company. in a research note on Thursday, September 10th. Weiss Ratings raised Telos from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, August 26th. Finally, Yorkville Ives assumed coverage on Telos in a report on Monday, October 5th. They set an "outperform" rating and a $6.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Telos currently has an average rating of "Moderate Buy" and an average price target of $6.42.

Telos Stock Performance

Shares of Telos stock opened at $4.82 on Friday. Telos has a 52 week low of $3.79 and a 52 week high of $8.36. The firm has a market capitalization of $360.25 million, a P/E ratio of -22.95 and a beta of 0.98. The company has a quick ratio of 2.26, a current ratio of 2.38 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average price of $4.54 and a 200 day moving average price of $4.52.

Telos (NASDAQ:TLS - Get Free Report) last released its earnings results on Monday, August 10th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. Telos had a negative net margin of 8.13% and a negative return on equity of 2.60%. The company had revenue of $47.75 million during the quarter, compared to analysts' expectations of $45.16 million. Sell-side analysts expect that Telos will post -0.01 EPS for the current year.

Insider Buying and Selling

In other Telos news, EVP Hutchinson Robbins sold 62,398 shares of the company's stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $4.73, for a total transaction of $295,142.54. Following the completion of the sale, the executive vice president directly owned 589,915 shares in the company, valued at $2,790,297.95. This represents a 9.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Derrick D. Dockery sold 12,000 shares of the firm'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 directly owned 156,591 shares of the company's stock, valued at $693,698.13. This represents a 7.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 581,549 shares of company stock valued at $2,512,583 in the last quarter. 14.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Telos

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC grew its position in Telos by 29.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,118,914 shares of the company's stock worth $4,688,000 after purchasing an additional 256,014 shares during the period. Globeflex Capital L P purchased a new stake in shares of Telos in the second quarter valued at $1,336,000. Pinnacle Associates Ltd. grew its holdings in Telos by 5.1% during the 3rd quarter. Pinnacle Associates Ltd. now owns 2,341,741 shares of the company's stock valued at $9,531,000 after purchasing an additional 113,001 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Telos in the second quarter worth $34,000. Finally, NewEdge Advisors LLC raised its holdings in shares of Telos by 413.6% during the second quarter. NewEdge Advisors LLC now owns 75,186 shares of the company's stock valued at $346,000 after acquiring an additional 60,548 shares during the period. Hedge funds and other institutional investors own 62.14% of the company's stock.

About Telos

Telos Corporation NASDAQ: TLS is a cybersecurity and information technology company that provides secure technology solutions to government and commercial organizations. The company focuses on helping customers protect critical systems, data and digital identities while supporting secure operations in complex and highly regulated environments.

Its offerings include cybersecurity consulting, cloud security, secure networking, identity and access management, risk management and governance solutions.

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