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

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

Other analysts have also recently issued research reports about the company. Yorkville Ives started coverage on Telos in a research report on Monday, October 5th. They set an "outperform" rating and a $6.00 price objective for the company. Weiss Ratings raised Telos from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, August 26th. B. Riley Financial raised their target price on Telos from $9.00 to $11.00 and gave the stock a "buy" rating in a research report on Tuesday, November 10th. Wedbush boosted their price target on Telos from $5.00 to $7.00 and gave the company a "neutral" rating in a research note on Tuesday, November 10th. Finally, Zacks Research lowered shares of Telos from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 9th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Telos currently has an average rating of "Hold" and a consensus target price of $7.60.

Telos Stock Performance

NASDAQ:TLS traded down $0.37 during trading hours on Friday, reaching $7.35. The company had a trading volume of 1,759,529 shares, compared to its average volume of 1,196,134. The company has a current ratio of 2.49, a quick ratio of 2.26 and a debt-to-equity ratio of 0.04. Telos has a 52 week low of $3.79 and a 52 week high of $7.95. The firm has a market cap of $540.45 million, a price-to-earnings ratio of -61.25 and a beta of 0.98. The firm's 50 day moving average price is $4.82 and its 200-day moving average price is $4.57.

Telos (NASDAQ:TLS - Get Free Report) last announced its earnings results on Monday, November 9th. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.05. The business had revenue of $55.20 million during the quarter, compared to analyst estimates of $50.11 million. Telos had a negative net margin of 4.66% and a positive return on equity of 4.17%. On average, analysts forecast that Telos will post 0.01 EPS for the current year.

Insider Buying and Selling 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 shares were sold at an average price of $4.43, for a total transaction of $53,160.00. Following the completion of the sale, the director owned 156,591 shares of the company's stock, valued at $693,698.13. The trade was a 7.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Hutchinson Robbins sold 62,398 shares of the business's stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $4.73, for a total transaction of $295,142.54. Following the sale, the executive vice president directly 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 570,549 shares of company stock worth $2,464,843. 14.90% of the stock is owned by insiders.

Institutional Trading of Telos

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Globeflex Capital L P acquired a new position in Telos during the second quarter worth approximately $1,336,000. Renaissance Technologies LLC lifted its stake in shares of Telos by 29.7% during the first 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 in the last quarter. White Pine Capital LLC purchased a new position in Telos in the 3rd quarter worth approximately $1,001,000. Dimensional Fund Advisors LP increased its stake in Telos by 9.8% during the 1st 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 during the period. Finally, Bank of New York Mellon Corp acquired a new position in Telos in the 2nd quarter worth $533,000. Hedge funds and other institutional investors own 62.14% of the company's stock.

Telos Company Profile

Telos Corporation is a cybersecurity and information technology company serving government agencies and commercial organizations. Its offerings include cybersecurity services, secure network and cloud solutions, identity management, and technology consulting. The company's products include the Xacta platform, which helps organizations manage cybersecurity risk and compliance, and Telos ID, which provides identity verification and authentication services. Telos also supports secure communications and mobility for customers with demanding security requirements.

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