Telos Corporation (NASDAQ:TLS) Stock Has Consensus Target Price of $6.50 According to Analysts

Key Points

• Analysts maintain a “Hold” consensus on Telos, with seven firms assigning one sell, three hold, two buy and one strong-buy rating. The average 12-month price target is $6.50, compared with the stock’s recent price of $4.42.
• Telos recently reported quarterly results above expectations, posting earnings of $0.04 per share versus the $0.02 consensus estimate and revenue of $47.75 million, ahead of the $45.16 million forecast.
• Insiders have been net sellers, with executives selling 581,549 shares worth approximately $2.51 million over the past three months. Institutional investors own 62.14% of the company, while insiders hold 14.90%.

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

Several equities research analysts have commented on the company. Wall Street Zen raised Telos from a "hold" rating to a "buy" rating in a report on Saturday. Weiss Ratings upgraded shares of Telos from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, August 26th. Wedbush downgraded shares of Telos from an "outperform" rating to a "neutral" rating and set a $5.00 price objective on the stock. in a research report on Thursday, September 10th. Finally, Zacks Research upgraded shares of Telos from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 20th.

Insider Activity

In related news, EVP Gary Bendza sold 200,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $4.55, for a total transaction 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 $2,443,386.40. This trade represents a 27.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Hutchinson Robbins sold 62,398 shares of the business's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $4.73, for a total transaction of $295,142.54. Following the completion of the transaction, the executive vice president 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 581,549 shares of company stock worth $2,512,583. Corporate insiders own 14.90% of the company's stock.

Institutional Trading of Telos

Institutional investors and hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC bought a new position in shares of Telos during the second quarter valued at $34,000. Pinnacle Wealth Management Advisory Group LLC purchased a new position in Telos in the 1st quarter worth about $43,000. SG Americas Securities LLC bought a new position in Telos during the 1st quarter valued at about $53,000. Krilogy Financial LLC lifted its stake in Telos by 34.6% during the 1st quarter. Krilogy Financial LLC now owns 18,121 shares of the company's stock valued at $80,000 after acquiring an additional 4,662 shares during the period. Finally, Y.D. More Investments Ltd purchased a new stake in shares of Telos during the 1st quarter valued at about $111,000. Institutional investors own 62.14% of the company's stock.

Telos Stock Up 1.0%

NASDAQ:TLS traded up $0.04 during mid-day trading on Tuesday, hitting $4.42. 61,868 shares of the company's stock were exchanged, compared to its average volume of 714,661. Telos has a one year low of $3.79 and a one year high of $8.36. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.38 and a quick ratio of 2.26. The business has a fifty day moving average price of $4.41 and a 200 day moving average price of $4.46. The company has a market cap of $330.72 million, a PE ratio of -21.06 and a beta of 0.96.

Telos (NASDAQ:TLS - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $47.75 million for the quarter, compared to analysts' expectations of $45.16 million.

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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