Telos Corporation, a renowned provider of information technology (IT) solutions and services globally, has been the center of attention in recent times. According to the most recent 13F filing with the SEC, GSA Capital Partners LLP acquired a new position in Telos Co. (NASDAQ:TLS) during Q4 2022. The fund purchased 185,873 shares of the company’s stock valued at approximately $946,000 and owned about 0.28% of Telos as of its most recent SEC filing.
Undoubtedly, Telos Corporation’s offerings have garnered significant interest among consumers worldwide. The company provides Xacta, an enterprise cyber risk management and security compliance automation platform for large commercial and government enterprises worldwide. Additionally, Telos Ghost offers users privacy and security by obfuscating and encrypting data while masking user identity and location to provide added privacy features.
The company’s innovative solutions have attracted cross-industry attention from research firms such as Wedbush, which recently lowered their price target on TLS shares from $8.00 to $5.00 while setting an “outperform” rating on the stock in March 2023. B. Riley also commented on TLS shares, lowering their target price from $5.00 to $2.75 in March 2023.
According to Bloomberg.com reports, while five investment analysts have rated the company’s stock with a hold rating, one has issued a buy rating with an average rating of “Hold.” With this consensus target price of $5.63 set for Telos Corporation stock., perhaps this signals a cautious optimism for prospective investors.
June 03rd marks another milestone for news across various industries globally; still yet again than investing in profitable stocks like offered by reliable platforms such as Telos seems like a solid bet regardless of industry changes or market volatility.
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Increasing Holdings and Promising Future: An Overview of Telos Corporation
Telos Corporation, a global provider of information technology (IT) solutions and services, has recently been in the news due to increased holdings by hedge funds and institutional investors. Swiss National Bank raised its holdings by 8.8%, while JPMorgan Chase & Co., Bank of New York Mellon Corp, Group One Trading L.P., and Citigroup Inc. also increased their respective holdings in shares of Telos. As a result, hedge funds and other institutional investors now own 60.44% of the company’s stock.
Additionally, CEO John B. Wood purchased 200,000 shares of Telos stock at an average price of $2.22 per share in May 2023. Following the acquisition, Wood now owns 4,603,015 shares in the company worth approximately $10,218,693.30.
Telos’ premier products include Xacta, a platform for enterprise cyber risk management and security compliance automation solutions for large commercial and government enterprises; and Telos Ghost, a solution aimed at eliminating cyber-attack surfaces by obfuscating and encrypting data while masking user identity/ location as well as hiding network resources.
Shares of TLS stock opened at $2.90 on June 3rd with a fifty-day simple moving average of $2.34 and a two-hundred-day simple moving average of $3.65. The company has a debt-to-equity ratio of 0.06 along with current and quick ratios of 4:00 and 3:96 respectively.
Although Telos has had some challenges recently with negative net margins (-22.07%) on top of negative returns on equity (-25:63%), it still manages to exceed market expectations for its most recent quarter based on revenue ($47:34 million versus expected revenues worth $45 million if analysts are correct). Despite having both high highs ($12:51) and low lows ($1:53) in recent years, Telos continues to generate optimism for the future market with equities research analysts anticipating that it will post positive earnings per share in 2023.
