Wall Street Zen Upgrades Telos (NASDAQ:TLS) to Buy

Key Points

• Wall Street Zen upgraded Telos to “buy” from “hold,” while the broader analyst consensus remains “hold” with an average price target of $6.50.
• Telos beat 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.
• Insiders sold 581,549 shares worth approximately $2.51 million over the past 90 days, while institutional investors own 62.14% of the company.

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

Several other brokerages also recently weighed in on TLS. Wedbush downgraded 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, 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, Zacks Research raised Telos from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $6.50.

Telos Price Performance

NASDAQ TLS opened at $4.63 on Friday. Telos has a 52 week low of $3.79 and a 52 week high of $8.36. The company has a current ratio of 2.38, a quick ratio of 2.26 and a debt-to-equity ratio of 0.05. The stock has a market cap of $346.05 million, a price-to-earnings ratio of -22.05 and a beta of 0.96. The company has a 50-day moving average price of $4.42 and a two-hundred day moving average price of $4.46.

Telos (NASDAQ:TLS - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $45.16 million.

Insider Activity at Telos

In other Telos news, CEO John B. Wood sold 96,151 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $4.05, for a total transaction of $389,411.55. Following the completion of the transaction, the chief executive officer directly owned 1,505,867 shares of the company's stock, valued at approximately $6,098,761.35. This trade represents a 6.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Gary Bendza sold 200,000 shares of Telos 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 transaction, the executive vice president owned 537,008 shares in the company, valued at approximately $2,443,386.40. This trade represents a 27.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 581,549 shares of company stock worth $2,512,583 over the last ninety days. Insiders own 14.90% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Globeflex Capital L P bought a new position in shares of Telos during the 2nd quarter valued at about $1,336,000. Renaissance Technologies LLC grew its stake in shares of Telos by 29.7% in 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 last quarter. Dimensional Fund Advisors LP lifted its stake in Telos by 9.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,293,134 shares of the company's stock valued at $5,417,000 after purchasing an additional 115,884 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Telos during the second quarter worth approximately $533,000. Finally, Waverly Advisors LLC bought a new stake in Telos during the second quarter worth approximately $400,000. Institutional investors own 62.14% of the company's stock.

Telos Company Profile

Telos Corporation NASDAQ: TLS is a cybersecurity and information technology company that helps government and commercial organizations protect digital assets, manage cyber risk and secure access to networks and applications. The company primarily serves U.S. federal agencies, defense and intelligence organizations, critical infrastructure operators and commercial enterprises.

Its offerings include cybersecurity and risk-management solutions, secure networking, identity and access management, cloud security, and related consulting and professional services.

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