Needham & Company LLC Reaffirms “Hold” Rating for Telos (NASDAQ:TLS)

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

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

Telos Price Performance

NASDAQ TLS opened at $4.02 on Monday. 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 firm has a market capitalization of $288.47 million, a PE ratio of -9.14 and a beta of 1.01. Telos has a 12 month low of $1.87 and a 12 month high of $5.03. The company’s 50 day simple moving average is $3.78 and its 200 day simple moving average is $3.89.

Telos (NASDAQ:TLS) last posted its quarterly 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. The firm had revenue of $29.62 million for the quarter, compared to analyst estimates of $28.50 million. Telos had a negative net margin of 22.22% and a negative return on equity of 22.69%. As a group, equities research analysts forecast that Telos will post -0.77 EPS for the current fiscal year.

Insider Buying and Selling at Telos

In related news, CEO John B. Wood bought 50,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was bought at an average price of $3.11 per share, with a total value of $155,500.00. Following the purchase, the chief executive officer now directly owns 4,843,281 shares of the company’s stock, valued at approximately $15,062,603.91. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Telos news, CEO John B. Wood acquired 50,000 shares of Telos stock in a transaction that occurred on Tuesday, May 14th. The stock was acquired at an average price of $3.11 per share, with a total value of $155,500.00. Following the purchase, the chief executive officer now owns 4,843,281 shares in the company, valued at $15,062,603.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Fredrick Schaufeld acquired 100,248 shares of Telos stock in a transaction that occurred on Wednesday, May 22nd. The stock was acquired at an average cost of $4.01 per share, with a total value of $401,994.48. Following the purchase, the director now owns 633,270 shares in the company, valued at approximately $2,539,412.70. The disclosure for this purchase can be found here. Insiders purchased 503,610 shares of company stock valued at $1,970,882 in the last quarter. Company insiders own 12.40% of the company’s stock.

Institutional Investors Weigh In On Telos

Institutional investors and hedge funds have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Telos by 153.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,539,842 shares of the company’s stock valued at $9,270,000 after purchasing an additional 1,537,848 shares during the last quarter. Natixis Advisors L.P. bought a new position in Telos in the 4th quarter worth $432,000. Citigroup Inc. raised its holdings in Telos by 53.2% in 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 during the period. Jump Financial LLC raised its holdings in Telos by 307.9% in the 4th quarter. Jump Financial LLC now owns 95,452 shares of the company’s stock worth $348,000 after acquiring an additional 72,052 shares during the period. Finally, GSA Capital Partners LLP raised its holdings in Telos by 69.5% in the 3rd quarter. GSA Capital Partners LLP now owns 614,962 shares of the company’s stock worth $1,470,000 after acquiring an additional 252,189 shares during the period. Institutional investors and hedge funds 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.