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

Telos (NASDAQ:TLS)‘s stock had its “hold” rating reiterated by analysts at Needham & Company LLC in a report released on Wednesday,Benzinga reports.

Several other equities research analysts have also recently weighed in on the company. Wedbush restated an “outperform” rating and set a $6.00 target price on shares of Telos in a research note on Tuesday. DA Davidson cut their target price on Telos from $3.50 to $2.50 and set a “neutral” rating for the company in a research note on Tuesday. Finally, BMO Capital Markets cut their target price on Telos from $4.50 to $3.00 and set a “market perform” rating for the company in a research note on Tuesday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $4.13.

Telos Trading Down 5.7 %

Shares of TLS stock opened at $2.67 on Wednesday. The stock has a 50 day simple moving average of $3.18 and a 200 day simple moving average of $3.41. The company has a current ratio of 3.64, a quick ratio of 3.59 and a debt-to-equity ratio of 0.06. Telos has a 1 year low of $1.89 and a 1 year high of $5.03. The stock has a market cap of $193.26 million, a P/E ratio of -3.81 and a beta of 0.90.

Telos (NASDAQ:TLS) last released its earnings results on Monday, March 10th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.05). Telos had a negative return on equity of 28.19% and a negative net margin of 40.80%. The business had revenue of $26.37 million for the quarter, compared to the consensus estimate of $25.55 million. During the same quarter in the previous year, the company earned ($0.09) earnings per share. On average, research analysts predict that Telos will post -0.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Alpha Wealth Funds LLC acquired a new position in shares of Telos during the fourth quarter worth $69,000. ProShare Advisors LLC increased its holdings in Telos by 49.1% in the fourth quarter. ProShare Advisors LLC now owns 15,512 shares of the company’s stock valued at $53,000 after purchasing an additional 5,105 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Telos by 100.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,569,612 shares of the company’s stock valued at $22,469,000 after purchasing an additional 3,296,586 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in Telos by 1.9% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 855,896 shares of the company’s stock valued at $2,927,000 after purchasing an additional 16,041 shares during the period. Finally, Deutsche Bank AG increased its holdings in Telos by 33.5% in the fourth quarter. Deutsche Bank AG now owns 43,981 shares of the company’s stock valued at $150,000 after purchasing an additional 11,037 shares during the period. 62.14% of the stock is currently 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.