Telos Corporation (NASDAQ:TLS) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Analysts maintain a “Hold” consensus on Telos, with one sell, three hold, two buy and one strong-buy rating. The average 12-month price target is $6.50, above the stock’s reported price of $3.98.
• Telos exceeded quarterly expectations, reporting EPS of $0.04 versus $0.02 expected and revenue of $47.75 million versus the $45.16 million consensus estimate.
• The stock has declined from its 52-week high of $8.36 and recently traded near its 52-week low of $3.79. Insiders sold 623,631 shares worth approximately $2.76 million during the quarter, while institutions and hedge funds own 62.14% of the company.

Telos Corporation (NASDAQ:TLS - Get Free Report) has been given a consensus recommendation of "Hold" by the seven research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $6.50.

Several research firms have issued reports on TLS. Weiss Ratings raised shares of Telos from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, August 26th. Wall Street Zen raised shares of Telos from a "hold" rating to a "buy" rating in a research note on Saturday, September 12th. Wedbush downgraded Telos from an "outperform" rating to a "neutral" rating and set a $5.00 price objective for the company. in a research report on Thursday, September 10th. Needham & Company LLC assumed coverage on Telos in a research report on Tuesday, May 26th. They issued a "buy" rating and a $6.00 price objective for the company. Finally, Zacks Research raised Telos from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 20th.

Telos Stock Performance

Shares of NASDAQ TLS traded down $0.20 during midday trading on Friday, reaching $3.98. 236,718 shares of the company were exchanged, compared to its average volume of 715,632. The stock has a fifty day simple moving average of $4.55 and a 200 day simple moving average of $4.47. 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 $297.08 million, a P/E ratio of -18.93 and a beta of 0.98. Telos has a 1 year low of $3.79 and a 1 year high of $8.36.

Telos (NASDAQ:TLS - Get Free Report) last released its earnings results 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 analysts' expectations of $45.16 million.

Insider Buying and Selling

In other news, Director Bradley Jacobs sold 55,772 shares of the firm's stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $4.31, for a total transaction of $240,377.32. Following the completion of the sale, the director directly owned 166,612 shares in the company, valued at $718,097.72. This trade represents a 25.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Derrick Dockery sold 12,000 shares of Telos stock in a transaction on Friday, August 21st. The stock was 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 approximately $693,698.13. This trade represents a 7.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 623,631 shares of company stock valued at $2,764,537. Insiders own 14.90% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TLS. Covestor Ltd purchased a new position in Telos during the 4th quarter worth approximately $29,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Telos in the second quarter valued at $34,000. Pinnacle Wealth Management Advisory Group LLC acquired a new stake in shares of Telos in the first quarter worth $43,000. SG Americas Securities LLC acquired a new stake in shares of Telos in the first quarter worth $53,000. Finally, Leonteq Securities AG purchased a new position in shares of Telos during the fourth quarter valued at $78,000. 62.14% of the stock is owned by institutional investors and hedge funds.

Telos Company Profile

Telos Corporation NASDAQ: TLS is a provider of cybersecurity, secure communications and information technology services for government and commercial organizations. The company helps customers protect data, networks and digital identities while managing cybersecurity risks across complex operating environments.

Its offerings include the Xacta platform, which supports cyber risk management, compliance and authorization activities; Telos Ghost, a privacy-focused networking solution designed to help secure online connections and communications; and services for cloud security, identity management, security assessments and cyber operations.

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