Telos Co. (NASDAQ:TLS) Short Interest Update

Telos Co. (NASDAQ:TLS) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 2,700,000 shares, a growth of 88.8% from the June 30th total of 1,430,000 shares. Based on an average trading volume of 566,600 shares, the days-to-cover ratio is currently 4.8 days. Currently, 5.4% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TLS shares. BMO Capital Markets decreased their price objective on shares of Telos from $4.50 to $4.00 and set a “market perform” rating for the company in a research note on Monday, May 13th. Wedbush restated an “outperform” rating and issued a $6.00 price objective on shares of Telos in a research note on Monday, May 13th. Finally, Needham & Company LLC restated a “hold” rating on shares of Telos in a research note on Monday, June 24th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Telos has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.

Insider Transactions at Telos

In related news, Director Fredrick Schaufeld acquired 153,447 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were acquired at an average price of $4.38 per share, with a total value of $672,097.86. Following the completion of the transaction, the director now owns 941,286 shares of the company’s stock, valued at $4,122,832.68. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Fredrick Schaufeld bought 153,447 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average price of $4.38 per share, for a total transaction of $672,097.86. Following the completion of the purchase, the director now owns 941,286 shares in the company, valued at approximately $4,122,832.68. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John B. Wood bought 50,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were purchased at an average price of $3.11 per share, with a total value of $155,500.00. Following the purchase, the chief executive officer now owns 4,843,281 shares of the company’s stock, valued at approximately $15,062,603.91. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 503,610 shares of company stock valued at $1,970,882. 12.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. boosted its position in Telos by 153.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,539,842 shares of the company’s stock worth $9,270,000 after acquiring an additional 1,537,848 shares during the last quarter. Inspire Investing LLC acquired a new stake in Telos during the first quarter worth approximately $916,000. Natixis Advisors L.P. acquired a new stake in Telos during the fourth quarter worth approximately $432,000. Citigroup Inc. boosted its position in Telos by 53.2% during the third quarter. Citigroup Inc. now owns 35,619 shares of the company’s stock worth $85,000 after acquiring an additional 12,369 shares during the last quarter. Finally, Jump Financial LLC boosted its position in Telos by 307.9% during the fourth quarter. Jump Financial LLC now owns 95,452 shares of the company’s stock worth $348,000 after acquiring an additional 72,052 shares during the last quarter. 62.14% of the stock is owned by hedge funds and other institutional investors.

Telos Stock Down 1.9 %

NASDAQ TLS traded down $0.08 during trading hours on Friday, hitting $4.19. 233,064 shares of the stock were exchanged, compared to its average volume of 476,984. Telos has a 12-month low of $1.87 and a 12-month high of $5.03. The stock has a 50-day moving average of $3.97 and a 200 day moving average of $3.89. The company has a current ratio of 4.05, a quick ratio of 4.00 and a debt-to-equity ratio of 0.06.

Telos (NASDAQ:TLS) last issued its earnings results on Friday, May 10th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.08. Telos had a negative net margin of 22.22% and a negative return on equity of 22.69%. The company had revenue of $29.62 million during the quarter, compared to analysts’ expectations of $28.50 million. Sell-side analysts predict that Telos will post -0.77 earnings per share for the current year.

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.