Analysts Set Telos Co. (NASDAQ:TLS) Price Target at $4.50

Telos Co. (NASDAQ:TLS) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $4.50.

Several research analysts have recently issued reports on TLS shares. BMO Capital Markets lowered their price target on shares of Telos from $4.00 to $3.00 and set a “market perform” rating for the company in a report on Tuesday, August 13th. Needham & Company LLC restated a “hold” rating on shares of Telos in a report on Monday, August 12th. DA Davidson decreased their price objective on Telos from $3.50 to $2.50 and set a “neutral” rating for the company in a report on Monday, August 12th. Finally, B. Riley restated a “buy” rating and issued a $5.00 price objective on shares of Telos in a report on Thursday, August 29th.

Insider Buying and Selling

In other news, CEO John B. Wood purchased 158,644 shares of the business’s stock in a transaction on Monday, August 12th. The stock was purchased at an average cost of $2.39 per share, with a total value of $379,159.16. Following the acquisition, the chief executive officer now directly owns 5,026,925 shares in the company, valued at $12,014,350.75. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 12.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Telos

Large investors have recently added to or reduced their stakes in the business. Fifth Lane Capital LP purchased a new position in shares of Telos in the first quarter valued at about $44,000. SG Americas Securities LLC purchased a new position in shares of Telos in the first quarter valued at about $58,000. Lazard Asset Management LLC purchased a new position in shares of Telos during the first quarter valued at about $58,000. Quadrature Capital Ltd purchased a new position in shares of Telos during the fourth quarter valued at about $85,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Telos during the second quarter valued at about $92,000. Hedge funds and other institutional investors own 62.14% of the company’s stock.

Telos Price Performance

NASDAQ:TLS opened at $3.33 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.70 and a current ratio of 4.76. The stock’s 50-day simple moving average is $3.58 and its 200 day simple moving average is $3.72. The company has a market cap of $240.63 million, a P/E ratio of -7.57 and a beta of 0.96. Telos has a 52-week low of $1.87 and a 52-week high of $5.03.

Telos (NASDAQ:TLS) last released its earnings results on Friday, August 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.11. The business had revenue of $28.50 million for the quarter, compared to the consensus estimate of $26.57 million. Telos had a negative return on equity of 22.81% and a negative net margin of 22.74%. As a group, sell-side analysts forecast that Telos will post -0.72 EPS for the current fiscal year.

Telos Company Profile

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.