Telos' (TLS) Outperform Rating Reaffirmed at Wedbush

Telos (NASDAQ:TLS - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities researchers at Wedbush in a note issued to investors on Monday, Benzinga reports. They presently have a $6.00 target price on the stock. Wedbush's price target suggests a potential upside of 100.00% from the stock's current price.

A number of other research analysts have also recently issued reports on TLS. BMO Capital Markets lifted their target price on shares of Telos from $3.50 to $4.50 and gave the company a "market perform" rating in a research note on Monday, March 18th. B. Riley boosted their price objective on Telos from $4.50 to $5.50 and gave the stock a "buy" rating in a research note on Monday, March 18th. Needham & Company LLC restated a "hold" rating on shares of Telos in a research note on Monday. Finally, DA Davidson upped their price target on shares of Telos from $3.25 to $3.50 and gave the stock a "neutral" rating in a research report on Monday, March 18th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $5.00.

Telos Price Performance

Shares of Telos stock traded down $0.42 during midday trading on Monday, hitting $3.00. 615,489 shares of the company were exchanged, compared to its average volume of 394,474. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.57 and a quick ratio of 3.54. The firm has a 50 day simple moving average of $3.73 and a 200-day simple moving average of $3.81. Telos has a 52 week low of $1.87 and a 52 week high of $5.00. The firm has a market cap of $219.93 million, a P/E ratio of -7.09 and a beta of 0.90.

Telos (NASDAQ:TLS - Get Free Report) last issued its earnings results on Friday, March 15th. The company reported ($0.12) EPS for the quarter, meeting the consensus estimate of ($0.12). Telos had a negative net margin of 22.22% and a negative return on equity of 22.37%. The company had revenue of $41.06 million for the quarter, compared to the consensus estimate of $31.97 million. During the same quarter in the previous year, the company earned ($0.18) EPS. Research analysts forecast that Telos will post -0.73 earnings per share for the current year.

Institutional Investors Weigh In On Telos

Institutional investors have recently made changes to their positions in the stock. NBC Securities Inc. acquired a new position in shares of Telos during the 3rd quarter worth about $28,000. Schechter Investment Advisors LLC acquired a new position in Telos during the fourth quarter valued at approximately $38,000. Fifth Lane Capital LP acquired a new stake in Telos in the first quarter worth $44,000. AJOVista LLC acquired a new stake in Telos in the fourth quarter worth $56,000. Finally, Jump Financial LLC acquired a new position in shares of Telos in the 3rd quarter valued at $56,000. 62.14% of the stock is owned by institutional investors and hedge funds.

About Telos

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.