BMO Capital analyst Keith Bachman maintained a Hold rating on Telos (TLS – Research Report) yesterday and set a price target of $2.75. The company’s shares closed yesterday at $2.57.
According to TipRanks, Bachman is a 5-star analyst with an average return of 6.9% and a 57.09% success rate. Bachman covers the Technology sector, focusing on stocks such as Dynatrace, Adobe, and Microsoft.
The word on The Street in general, suggests a Hold analyst consensus rating for Telos with a $2.33 average price target.
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Based on Telos’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $35.22 million and a GAAP net loss of $10.75 million. In comparison, last year the company earned a revenue of $50.16 million and had a GAAP net loss of $14.98 million
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TLS in relation to earlier this year.
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Telos Corp is an information technology company. Along with its subsidiaries, the company engages in designing and providing technologies to deliver solutions that empower and protect the enterprises. It generates revenue from software license, delivery of the software and from contracts and sub contracts for the United States Government.
Read More on TLS:
- Telos Corporation Announces Second Quarter Results: Reports $32.9 Million of Revenue and 37.6% Gross Margin, and Raises Midpoint of Full-Year Guidance
- Telos’ Xacta platform prioritized by FedRAMP JAB
- Telos awarded $5.8M contract with NGA
- Telos Corporation to Announce Second Quarter 2023 Financial Results on August 9, 2023
- ATP Gov and Telos Join Forces to Strengthen and Secure Global Satellite Communications
