Wedbush Reaffirms Outperform Rating for Telos (NASDAQ:TLS)

Wedbush restated their outperform rating on shares of Telos (NASDAQ:TLSFree Report) in a research report released on Monday morning, Benzinga reports. The brokerage currently has a $6.00 price objective on the stock.

Several other research analysts also recently commented on the stock. Needham & Company LLC reaffirmed a hold rating on shares of Telos in a research note on Monday. B. Riley upped their price objective on shares of Telos from $4.50 to $5.50 and gave the stock a buy rating in a research note on Monday, March 18th. BMO Capital Markets raised their target price on shares of Telos from $3.50 to $4.50 and gave the company a market perform rating in a research report on Monday, March 18th. Finally, DA Davidson upped their price target on shares of Telos from $3.25 to $3.50 and gave the stock a neutral rating in a research report on Monday, March 18th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $5.00.

Check Out Our Latest Research Report on TLS

Telos Stock Performance

Shares of TLS opened at $3.00 on Monday. Telos has a fifty-two week low of $1.87 and a fifty-two week high of $5.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.54 and a current ratio of 3.57. The company’s fifty day moving average is $3.71 and its 200 day moving average is $3.82.

Telos (NASDAQ:TLSGet Free Report) last released its quarterly earnings results on Friday, March 15th. The company reported ($0.12) earnings per share for the quarter, meeting the consensus estimate of ($0.12). The company had revenue of $41.06 million for the quarter, compared to analyst estimates of $31.97 million. Telos had a negative return on equity of 22.37% and a negative net margin of 22.22%. During the same quarter in the prior year, the firm posted ($0.18) EPS. On average, analysts forecast that Telos will post -0.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Telos

Several hedge funds have recently made changes to their positions in the company. NBC Securities Inc. purchased a new position in shares of Telos during the third quarter worth $28,000. Schechter Investment Advisors LLC acquired a new stake in Telos during the 4th quarter worth about $38,000. Fifth Lane Capital LP acquired a new stake in Telos during the 1st quarter worth about $44,000. AJOVista LLC purchased a new position in shares of Telos during the 4th quarter valued at about $56,000. Finally, Jump Financial LLC acquired a new position in shares of Telos in the 3rd quarter valued at about $56,000. 62.14% of the stock is owned by institutional investors and hedge funds.

Telos Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Telos (NASDAQ:TLS)

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