Telos’ (TLS) “Hold” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of Telos (NASDAQ:TLS) in a report published on Monday morning, Benzinga reports.

Other research analysts have also recently issued reports about the company. DA Davidson lifted their price objective on Telos from $3.25 to $3.50 and gave the company a neutral rating in a research report on Monday, March 18th. BMO Capital Markets reduced their price objective on shares of Telos from $4.50 to $4.00 and set a market perform rating for the company in a research note on Monday, May 13th. B. Riley lifted their target price on shares of Telos from $4.50 to $5.50 and gave the company a buy rating in a research note on Monday, March 18th. Finally, Wedbush reissued an outperform rating and set a $6.00 price target on shares of Telos in a report on Monday, May 13th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $5.00.

Telos Stock Performance

Shares of TLS opened at $3.54 on Monday. The firm has a market capitalization of $254.03 million, a P/E ratio of -8.14 and a beta of 1.01. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.05 and a quick ratio of 4.00. Telos has a one year low of $1.87 and a one year high of $5.03. The business has a fifty day moving average of $3.75 and a 200 day moving average of $3.91.

Telos (NASDAQ:TLS) last released its quarterly earnings results on Friday, May 10th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.08. Telos had a negative return on equity of 22.69% and a negative net margin of 22.22%. The business had revenue of $29.62 million during the quarter, compared to the consensus estimate of $28.50 million. As a group, sell-side analysts anticipate that Telos will post -0.77 EPS for the current year.

Insiders Place Their Bets

In other news, Director Fredrick Schaufeld acquired 84,063 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was purchased at an average price of $3.14 per share, for a total transaction of $263,957.82. Following the completion of the transaction, the director now directly owns 339,512 shares in the company, valued at approximately $1,066,067.68. The acquisition was disclosed in a filing with the SEC, which is available through this link. In other news, Director Fredrick Schaufeld bought 84,063 shares of the stock in a transaction dated Tuesday, May 14th. The stock was purchased at an average cost of $3.14 per share, for a total transaction of $263,957.82. Following the transaction, the director now owns 339,512 shares of the company’s stock, valued at $1,066,067.68. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO John B. Wood bought 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was acquired at an average cost of $3.11 per share, with a total value of $155,500.00. Following the completion of the acquisition, the chief executive officer now owns 4,843,281 shares of the company’s stock, valued at approximately $15,062,603.91. The disclosure for this purchase can be found here. Insiders have purchased a total of 503,610 shares of company stock worth $1,970,882 in the last 90 days. 12.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Schechter Investment Advisors LLC purchased a new position in Telos during the fourth quarter worth $38,000. Fifth Lane Capital LP purchased a new position in shares of Telos during the 1st quarter worth about $44,000. AJOVista LLC purchased a new position in shares of Telos during the 4th quarter worth about $56,000. SG Americas Securities LLC bought a new position in Telos during the 1st quarter valued at about $58,000. Finally, Lazard Asset Management LLC purchased a new stake in Telos in the 1st quarter worth about $58,000. Institutional investors own 62.14% of the company’s stock.

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.