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

Telos (NASDAQ:TLS - Get Free Report)'s stock had its "hold" rating reissued by investment analysts at Needham & Company LLC in a report issued on Wednesday,Benzinga reports.

A number of other research firms have also commented on TLS. DA Davidson dropped their price target on shares of Telos from $3.50 to $2.50 and set a "neutral" rating on the stock in a research report on Tuesday. Wedbush reissued an "outperform" rating and issued a $6.00 price target on shares of Telos in a research report on Tuesday. Finally, BMO Capital Markets dropped their target price on shares of Telos from $4.50 to $3.00 and set a "market perform" rating on the stock in a research report on Tuesday. Three 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, Telos currently has an average rating of "Hold" and an average target price of $4.13.

Telos Stock Performance

Shares of TLS opened at $2.60 on Wednesday. Telos has a 12-month low of $1.89 and a 12-month high of $5.03. The firm's 50 day moving average is $3.20 and its 200-day moving average is $3.42. The stock has a market capitalization of $188.19 million, a P/E ratio of -3.71 and a beta of 0.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.64 and a quick ratio of 3.59.

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Telos (NASDAQ:TLS - Get Free Report) last posted its quarterly earnings results on Monday, March 10th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The company had revenue of $26.37 million for the quarter, compared to analyst estimates of $25.55 million. Telos had a negative return on equity of 28.19% and a negative net margin of 40.80%. During the same quarter in the prior year, the business posted ($0.09) earnings per share. Equities research analysts anticipate that Telos will post -0.68 EPS for the current fiscal year.

Hedge Funds Weigh In On Telos

Institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC boosted its stake in Telos by 3.7% during the fourth quarter. Barclays PLC now owns 9,523,032 shares of the company's stock worth $32,569,000 after buying an additional 342,076 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Telos by 100.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,569,612 shares of the company's stock worth $22,469,000 after buying an additional 3,296,586 shares in the last quarter. Geode Capital Management LLC lifted its position in Telos by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 1,359,138 shares of the company's stock worth $4,649,000 after buying an additional 4,715 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Telos by 16.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,145,861 shares of the company's stock worth $3,919,000 after buying an additional 162,549 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in Telos during the 3rd quarter worth about $3,665,000. Institutional investors 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.

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