Telos’ (TLS) Hold Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of Telos (NASDAQ:TLS) in a research report sent to investors on Monday, Benzinga reports.

A number of other analysts also recently issued reports on TLS. B. Riley raised their price target on shares of Telos from $4.50 to $5.50 and gave the stock a buy rating in a report on Monday, March 18th. BMO Capital Markets cut their price target on shares of Telos from $4.50 to $4.00 and set a market perform rating for the company in a report on Monday, May 13th. Wedbush restated an outperform rating and set a $6.00 price target on shares of Telos in a report on Monday, May 13th. Finally, DA Davidson increased their price objective 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $5.00.

Telos Price Performance

NASDAQ TLS opened at $3.59 on Monday. Telos has a 1 year low of $1.87 and a 1 year high of $5.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.05 and a quick ratio of 4.00. The company has a market cap of $257.62 million, a price-to-earnings ratio of -8.16 and a beta of 1.01. The stock’s fifty day moving average price is $3.76 and its 200 day moving average price is $3.89.

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

Insider Buying and Selling at Telos

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 acquired at an average price of $3.14 per share, with a total value 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 legal filing with the SEC, which is available at the SEC website. In related news, Director Fredrick Schaufeld purchased 84,063 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was purchased at an average price of $3.14 per share, with a total value of $263,957.82. Following the completion of the transaction, the director now owns 339,512 shares of the company’s stock, valued at approximately $1,066,067.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John B. Wood purchased 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were bought at an average cost of $3.11 per share, with a total value of $155,500.00. Following the transaction, the chief executive officer now directly 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 acquired 503,610 shares of company stock valued at $1,970,882 over the last quarter. Corporate insiders own 12.40% of the company’s stock.

Institutional Investors Weigh In On Telos

Large investors have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Telos by 5.7% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 92,265 shares of the company’s stock valued at $221,000 after buying an additional 5,000 shares during the period. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of Telos by 73.8% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 18,175 shares of the company’s stock valued at $66,000 after buying an additional 7,720 shares during the period. Schechter Investment Advisors LLC acquired a new position in shares of Telos in the 4th quarter valued at about $38,000. Fifth Lane Capital LP acquired a new position in shares of Telos in the 1st quarter valued at about $44,000. Finally, Citigroup Inc. boosted its holdings in shares of Telos by 53.2% in the 3rd quarter. Citigroup Inc. now owns 35,619 shares of the company’s stock valued at $85,000 after buying an additional 12,369 shares during the period. 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.