Telos (NASDAQ:TLS) Receives Outperform Rating from Wedbush

Wedbush reissued their outperform rating on shares of Telos (NASDAQ:TLS) in a research note released on Tuesday morning,Benzinga reports. The firm currently has a $6.00 target price on the stock.

Separately, BMO Capital Markets raised their price target on Telos from $3.00 to $4.50 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $4.13.

Telos Trading Down 0.4 %

Shares of TLS opened at $2.60 on Tuesday. The business’s 50-day moving average price is $3.20 and its 200-day moving average price is $3.42. Telos has a twelve month low of $1.89 and a twelve month high of $5.03. The stock has a market cap of $188.19 million, a PE ratio of -3.71 and a beta of 0.90. The company has a quick ratio of 3.59, a current ratio of 3.64 and a debt-to-equity ratio of 0.06.

Telos (NASDAQ:TLS) last announced its quarterly 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 net margin of 40.80% and a negative return on equity of 28.19%. The company had revenue of $26.37 million for the quarter, compared to the consensus estimate of $25.55 million. During the same quarter in the prior year, the company earned ($0.09) earnings per share. On average, equities analysts forecast that Telos will post -0.68 EPS for the current fiscal year.

Hedge Funds Weigh In On Telos

A number of large investors have recently modified their holdings of TLS. US Bancorp DE bought a new position in Telos during the 3rd quarter worth approximately $39,000. Intech Investment Management LLC bought a new position in Telos during the 3rd quarter worth approximately $49,000. ProShare Advisors LLC grew its position in Telos by 49.1% during the 4th quarter. ProShare Advisors LLC now owns 15,512 shares of the company’s stock worth $53,000 after acquiring an additional 5,105 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Telos during the 3rd quarter worth approximately $64,000. Finally, Alpha Wealth Funds LLC bought a new position in Telos during the 4th quarter worth approximately $69,000. 62.14% of the stock is owned by hedge funds and other institutional investors.

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.