Telos Co. (NASDAQ:TLS) Receives $5.63 Consensus Target Price from Brokerages

Posted by on Aug 13th, 2023

Shares of Telos Co. (NASDAQ:TLS – Get Free Report) have been assigned an average recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $5.42.

Separately, BMO Capital Markets raised their price objective on shares of Telos from $2.50 to $2.75 and gave the stock a “market perform” rating in a research note on Thursday.

View Our Latest Report on TLS

Institutional Investors Weigh In On Telos

Several institutional investors and hedge funds have recently made changes to their positions in TLS. Barclays PLC raised its holdings in shares of Telos by 2,569.1% in the second quarter. Barclays PLC now owns 9,288,586 shares of the company’s stock valued at $23,779,000 after buying an additional 8,940,584 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Telos by 7.2% in the third quarter. Vanguard Group Inc. now owns 4,803,705 shares of the company’s stock valued at $42,705,000 after buying an additional 321,808 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Telos by 0.5% in the third quarter. BlackRock Inc. now owns 4,014,895 shares of the company’s stock valued at $35,692,000 after buying an additional 21,036 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Telos by 83.2% in the fourth quarter. First Trust Advisors LP now owns 3,163,002 shares of the company’s stock valued at $16,085,000 after buying an additional 1,436,126 shares during the last quarter. Finally, Masters Capital Management LLC raised its holdings in shares of Telos by 76.5% in the first quarter. Masters Capital Management LLC now owns 3,000,000 shares of the company’s stock valued at $7,590,000 after buying an additional 1,300,000 shares during the last quarter. Institutional investors and hedge funds own 53.57% of the company’s stock.

Telos Trading Down 9.7 %

NASDAQ:TLS opened at $2.33 on Thursday. Telos has a 12 month low of $1.53 and a 12 month high of $12.51. The firm has a market cap of $162.12 million, a price-to-earnings ratio of -3.88 and a beta of 0.18. The company has a quick ratio of 3.96, a current ratio of 3.93 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average is $2.52 and its 200-day moving average is $2.89.

Telos (NASDAQ:TLS – Get Free Report) last released its quarterly earnings results on Wednesday, May 10th. The company reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.10. Telos had a negative net margin of 22.51% and a negative return on equity of 24.29%. The company had revenue of $35.22 million for the quarter, compared to analyst estimates of $31.51 million. Equities analysts anticipate that Telos will post -1 EPS for the current year.

About Telos

(Get Free Report

Telos Corporation, together with its subsidiaries, provides cyber, cloud, and enterprise security solutions worldwide. The company operates through two segments, Security Solutions and Secure Networks. It provides Xacta, a premier platform for enterprise cyber risk management and security compliance automation solutions to large commercial and government enterprises; and Telos Ghost, a solution to eliminate cyber-attack surfaces by obfuscating and encrypting data, masking user identity and location, and hiding network resources, as well as provides security and privacy for intelligence gathering, cyber threat protection, securing critical infrastructure, and protecting communications and applications.

Further Reading

Analyst Recommendations for Telos (NASDAQ:TLS)

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