Telos (NASDAQ:TLS) Stock Rating Upgraded by Wedbush

Key Points

• Wedbush upgraded Telos to “Hold,” while analysts’ overall consensus remains “Hold,” with an average price target of $6.50. Ratings range from Strong Buy to Sell.
• Telos shares opened at $3.95 after falling 15.6%, near the company’s 52-week low of $3.79. The stock has a market capitalization of approximately $295 million and a negative P/E ratio.
• The company exceeded quarterly expectations, reporting $0.04 in earnings per share versus a $0.02 estimate and revenue of $47.75 million versus $45.16 million expected. However, insiders sold $2.76 million of shares during the last quarter.

Telos (NASDAQ:TLS - Get Free Report) was upgraded by analysts at Wedbush to a "hold" rating in a research report issued on Thursday, Zacks reports.

A number of other equities analysts have also issued reports on TLS. Zacks Research raised Telos from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 20th. Wall Street Zen raised Telos from a "hold" rating to a "buy" rating in a research note on Saturday. Weiss Ratings upgraded Telos from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, August 26th. Finally, Needham & Company LLC assumed coverage on Telos in a research note on Tuesday, May 26th. They issued a "buy" rating and a $6.00 price target for the company. One 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 given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $6.50.

Telos Stock Down 15.6%

TLS stock opened at $3.95 on Thursday. The company has a quick ratio of 2.26, a current ratio of 2.38 and a debt-to-equity ratio of 0.05. Telos has a fifty-two week low of $3.79 and a fifty-two week high of $8.36. The firm's 50-day simple moving average is $4.60 and its 200 day simple moving average is $4.46. The stock has a market cap of $295.21 million, a PE ratio of -18.81 and a beta of 0.98.

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

Insider Transactions at Telos

In other news, Director Derrick Dockery sold 12,000 shares of the business's stock in a transaction 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 sale, the director owned 156,591 shares of the company's stock, valued at approximately $693,698.13. The trade was a 7.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gary Bendza sold 200,000 shares of the company's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $4.55, for a total value of $910,000.00. Following the completion of the sale, the executive vice president owned 537,008 shares of the company's stock, valued at approximately $2,443,386.40. This trade represents a 27.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 623,631 shares of company stock valued at $2,764,537 in the last quarter. Company insiders own 14.90% of the company's stock.

Institutional Investors Weigh In On Telos

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Invesco Ltd. raised its holdings in shares of Telos by 51.3% in the 1st quarter. Invesco Ltd. now owns 40,042 shares of the company's stock worth $95,000 after purchasing an additional 13,584 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of Telos during the 1st quarter worth $39,000. NewEdge Advisors LLC boosted its stake in shares of Telos by 28.7% during the 1st quarter. NewEdge Advisors LLC now owns 17,918 shares of the company's stock worth $43,000 after acquiring an additional 4,000 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Telos by 3.4% in the 2nd quarter. Rhumbline Advisers now owns 82,432 shares of the company's stock worth $261,000 after acquiring an additional 2,740 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Telos by 3.6% in the 2nd quarter. American Century Companies Inc. now owns 112,106 shares of the company's stock worth $355,000 after acquiring an additional 3,889 shares during the last quarter. 62.14% of the stock is owned by institutional investors and hedge funds.

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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