Needham & Company LLC Reiterates Hold Rating for Telos (NASDAQ:TLS)

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

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

Telos Price Performance

Shares of NASDAQ TLS opened at $3.59 on Monday. Telos has a twelve month low of $1.87 and a twelve month high of $5.03. The company has a current ratio of 4.05, a quick ratio of 4.00 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $257.62 million, a price-to-earnings ratio of -8.16 and a beta of 1.01. The firm has a 50-day moving average of $3.76 and a two-hundred day moving average of $3.89.

Telos (NASDAQ:TLS) last issued its quarterly earnings results on Friday, May 10th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $29.62 million during the quarter, compared to the consensus estimate of $28.50 million. As a group, analysts expect that Telos will post -0.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Fredrick Schaufeld acquired 84,063 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were purchased at an average price of $3.14 per share, for a total transaction of $263,957.82. Following the completion of the acquisition, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Fredrick Schaufeld bought 84,063 shares of the firm’s stock in a transaction 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 directly owns 339,512 shares of the company’s stock, valued at $1,066,067.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO John B. Wood bought 50,000 shares of the firm’s stock in a transaction 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 $15,062,603.91. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 503,610 shares of company stock worth $1,970,882. Insiders own 12.40% of the company’s stock.

Institutional Investors Weigh In On Telos

Several hedge funds have recently modified their holdings of TLS. Masters Capital Management LLC lifted its position in Telos by 3.3% in the fourth quarter. Masters Capital Management LLC now owns 3,100,000 shares of the company’s stock worth $11,315,000 after purchasing an additional 100,000 shares during the period. Pinnacle Associates Ltd. lifted its position in Telos by 3.0% in the first quarter. Pinnacle Associates Ltd. now owns 2,779,376 shares of the company’s stock worth $11,562,000 after purchasing an additional 81,610 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Telos by 153.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,539,842 shares of the company’s stock worth $9,270,000 after purchasing an additional 1,537,848 shares during the period. Acadian Asset Management LLC lifted its position in Telos by 4.5% in the first quarter. Acadian Asset Management LLC now owns 2,068,075 shares of the company’s stock worth $8,600,000 after purchasing an additional 88,336 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its stake in Telos by 3.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 699,458 shares of the company’s stock worth $2,910,000 after acquiring an additional 21,828 shares in the last quarter. 62.14% of the stock is owned by institutional investors.

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.