Telos' (TLS) "Outperform" Rating Reaffirmed at Wedbush

Telos (NASDAQ:TLS - Get Free Report)'s stock had its "outperform" rating reiterated by analysts at Wedbush in a report released on Tuesday,Benzinga reports. They presently have a $6.00 target price on the stock. Wedbush's price target points to a potential upside of 132.11% from the stock's current price.

Separately, BMO Capital Markets increased their price objective on shares of Telos from $3.00 to $4.50 and gave the company a "market perform" rating in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Telos currently has an average rating of "Hold" and an average target price of $4.50.

Telos Trading Down 1.0 %

Shares of TLS stock traded down $0.03 on Tuesday, hitting $2.59. The stock had a trading volume of 49,311 shares, compared to its average volume of 301,175. The company's 50 day moving average price is $3.22 and its 200-day moving average price is $3.42. Telos has a 1 year low of $1.89 and a 1 year high of $5.03. The firm has a market capitalization of $187.10 million, a P/E ratio of -3.81 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.

Telos (NASDAQ:TLS - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The company reported ($0.14) EPS 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 business had revenue of $26.37 million during the quarter, compared to analysts' expectations of $25.55 million. During the same period in the previous year, the business posted ($0.09) EPS. Analysts anticipate that Telos will post -0.68 earnings per share for the current year.

Hedge Funds Weigh In On Telos

A number of institutional investors have recently modified their holdings of the business. State Street Corp grew its holdings in shares of Telos by 27.0% during the third quarter. State Street Corp now owns 933,156 shares of the company's stock worth $3,350,000 after buying an additional 198,676 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Telos by 28.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 839,855 shares of the company's stock worth $3,015,000 after acquiring an additional 186,059 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Telos by 12.5% during the third quarter. JPMorgan Chase & Co. now owns 170,699 shares of the company's stock worth $613,000 after acquiring an additional 18,956 shares during the period. EP Wealth Advisors LLC purchased a new position in Telos during the third quarter worth about $3,665,000. Finally, Oppenheimer & Co. Inc. increased its position in Telos by 28.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 47,271 shares of the company's stock worth $162,000 after purchasing an additional 10,372 shares during the period. 62.14% of the stock is owned by institutional investors and hedge funds.

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.

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