Telos (NASDAQ:TLS - Free Report) had its target price trimmed by BMO Capital Markets from $4.50 to $4.00 in a report issued on Monday morning, Benzinga reports. The brokerage currently has a market perform rating on the stock.
Several other research firms have also issued reports on TLS. Needham & Company LLC reaffirmed a hold rating on shares of Telos in a report on Monday. DA Davidson upped their target price on Telos from $3.25 to $3.50 and gave the company a neutral rating in a research report on Monday, March 18th. B. Riley raised their price target on Telos from $4.50 to $5.50 and gave the stock a buy rating in a report on Monday, March 18th. Finally, Wedbush restated an outperform rating and set a $6.00 price objective on shares of Telos in a report on Monday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $5.00.
Get Our Latest Stock Report on TLS
Telos Stock Down 12.3 %
NASDAQ:TLS traded down $0.42 during trading hours on Monday, reaching $3.00. The company's stock had a trading volume of 615,489 shares, compared to its average volume of 394,474. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.54 and a current ratio of 3.57. The company has a market capitalization of $219.93 million, a P/E ratio of -7.09 and a beta of 0.90. The stock has a 50 day moving average price of $3.73 and a two-hundred day moving average price of $3.81. Telos has a 12 month low of $1.87 and a 12 month high of $5.00.
Telos (NASDAQ:TLS - Get Free Report) last issued its quarterly earnings data on Friday, March 15th. The company reported ($0.12) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.12). The company had revenue of $41.06 million for the quarter, compared to the consensus estimate of $31.97 million. Telos had a negative return on equity of 22.37% and a negative net margin of 22.22%. During the same quarter last year, the company earned ($0.18) earnings per share. Equities analysts predict that Telos will post -0.73 EPS for the current fiscal year.
Institutional Trading of Telos
Hedge funds and other institutional investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Telos by 153.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,539,842 shares of the company's stock worth $9,270,000 after purchasing an additional 1,537,848 shares during the period. Acadian Asset Management LLC increased its holdings in Telos by 35.1% in the third quarter. Acadian Asset Management LLC now owns 1,887,405 shares of the company's stock valued at $4,510,000 after buying an additional 490,269 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Telos by 53.2% during the 3rd quarter. Citigroup Inc. now owns 35,619 shares of the company's stock worth $85,000 after acquiring an additional 12,369 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of Telos by 69.5% during the 3rd quarter. GSA Capital Partners LLP now owns 614,962 shares of the company's stock valued at $1,470,000 after acquiring an additional 252,189 shares during the period. Finally, Wynnefield Capital Inc. grew its position in shares of Telos by 42.9% during the 3rd quarter. Wynnefield Capital Inc. now owns 350,000 shares of the company's stock valued at $836,000 after acquiring an additional 105,000 shares during the period. Institutional investors and hedge funds own 62.14% of the company's stock.
About Telos
(
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Telos Corporation, together with its subsidiaries, provides cyber, cloud, and enterprise security solutions worldwide. The company operates in two segments, Security Solutions and Secure Networks. It provides Xacta, a platform for enterprise cyber risk management and security compliance automation; and consulting, assessment and compliance, engineering and evaluation, operations, and penetration testing services.
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