Victory Capital Management Inc. Purchases 92,845 Shares of Telos Co. (NASDAQ:TLS)

Victory Capital Management Inc. increased its position in Telos Co. (NASDAQ:TLS – Get Rating) by 5.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,731,086 shares of the company’s stock after buying an additional 92,845 shares during the period. Victory Capital Management Inc.’s holdings in Telos were worth $17,210,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. UMB Bank N A MO purchased a new position in Telos during the 4th quarter valued at approximately $26,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Telos in the 4th quarter worth approximately $41,000. Dakota Wealth Management bought a new stake in Telos in the 4th quarter worth approximately $166,000. Allspring Global Investments Holdings LLC bought a new stake in Telos in the 4th quarter worth approximately $270,000. Finally, Northwest Bancshares Inc. bought a new stake in Telos in the 4th quarter worth approximately $408,000. Institutional investors own 67.91% of the company’s stock.

Telos Stock Performance

NASDAQ TLS opened at $8.71 on Friday. The business’s 50 day moving average price is $8.39 and its 200-day moving average price is $9.25. Telos Co. has a fifty-two week low of $6.54 and a fifty-two week high of $34.68. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.37 and a current ratio of 3.41. The company has a market cap of $591.13 million, a P/E ratio of -13.20 and a beta of 1.57.

Telos (NASDAQ:TLS – Get Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.04. Telos had a negative return on equity of 25.86% and a negative net margin of 18.82%. The company had revenue of $50.16 million during the quarter, compared to analysts’ expectations of $45.47 million. Sell-side analysts predict that Telos Co. will post -0.82 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on TLS shares. B. Riley reduced their price objective on Telos from $12.50 to $10.50 in a research note on Wednesday, May 11th. Northland Securities set a $11.00 price objective on Telos in a research note on Monday, June 27th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.21.

About Telos

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Telos Corporation, together with its subsidiaries, provides information technology (IT) solutions and services worldwide. 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.

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