BMO Capital Markets Has Lowered Expectations for Telos (NASDAQ:TLS) Stock Price

Telos (NASDAQ:TLS) had its target price cut by stock analysts at BMO Capital Markets from $4.50 to $3.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 17.42% from the company’s previous close.

Several other analysts have also weighed in on TLS. DA Davidson decreased their target price 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 reiterated an “outperform” rating and issued a $6.00 price target on shares of Telos in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $4.13.

Telos Price Performance

Shares of TLS traded down $0.06 during trading hours on Tuesday, reaching $2.56. 248,947 shares of the company traded hands, compared to its average volume of 305,849. The stock has a market capitalization of $184.93 million, a PE ratio of -3.65 and a beta of 0.90. Telos has a fifty-two week low of $1.89 and a fifty-two week high of $5.03. The company has a quick ratio of 3.59, a current ratio of 3.64 and a debt-to-equity ratio of 0.06. The stock has a fifty day simple moving average of $3.22 and a 200 day simple moving average of $3.42.

Telos (NASDAQ:TLS) last issued 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). Telos had a negative return on equity of 28.19% and a negative net margin of 40.80%. The company had revenue of $26.37 million for the quarter, compared to the consensus estimate of $25.55 million. During the same period in the previous year, the business posted ($0.09) EPS. As a group, research analysts predict 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 added to or reduced their stakes in the company. Barclays PLC lifted its position in Telos by 3.7% during the fourth quarter. Barclays PLC now owns 9,523,032 shares of the company’s stock valued at $32,569,000 after purchasing an additional 342,076 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Telos by 100.7% in 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 acquiring an additional 3,296,586 shares in the last quarter. Geode Capital Management LLC grew its stake in Telos by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 1,359,138 shares of the company’s stock valued at $4,649,000 after purchasing an additional 4,715 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Telos by 16.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,145,861 shares of the company’s stock worth $3,919,000 after acquiring an additional 162,549 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in shares of Telos in the third quarter worth about $3,665,000. Hedge funds and other institutional investors own 62.14% of the company’s stock.

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.