Telos (NASDAQ:TLS) Upgraded by Wall Street Zen to Buy Rating

Key Points

• Telos (NASDAQ:TLS) has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating increased confidence among analysts in the company's stock potential.
• BMO Capital Markets raised its target price for Telos from $2.25 to $4.50, while Wedbush increased it further to $6.00, suggesting a positive outlook on the stock's performance.
• Currently, 62.14% of Telos's stock is owned by institutional investors and hedge funds, signaling substantial interest and investment in the company by large financial entities.

Wall Street Zen upgraded shares of Telos (NASDAQ:TLS - Free Report) from a hold rating to a buy rating in a report issued on Saturday.

A number of other equities research analysts have also recently commented on the stock. Wedbush lifted their price target on shares of Telos from $4.00 to $6.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. BMO Capital Markets reiterated a "market perform" rating and issued a $4.50 price objective (up from $2.25) on shares of Telos in a research note on Tuesday, August 12th. Finally, DA Davidson lifted their price objective on shares of Telos from $2.25 to $4.00 and gave the company a "neutral" rating in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $4.88.

Telos Stock Performance

Shares of NASDAQ:TLS traded up $0.40 during mid-day trading on Friday, reaching $6.03. The company had a trading volume of 2,041,051 shares, compared to its average volume of 2,500,286. The company has a current ratio of 2.65, a quick ratio of 2.55 and a debt-to-equity ratio of 0.06. The firm has a market cap of $438.38 million, a price-to-earnings ratio of -7.83 and a beta of 0.96. The company's 50-day moving average price is $3.21 and its 200-day moving average price is $2.90. Telos has a one year low of $1.83 and a one year high of $6.10.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. NBC Securities Inc. grew its position in shares of Telos by 100,808.3% during the 1st quarter. NBC Securities Inc. now owns 12,109 shares of the company's stock valued at $28,000 after purchasing an additional 12,097 shares in the last quarter. OLD Mission Capital LLC purchased a new position in shares of Telos during the 1st quarter valued at $30,000. AQR Capital Management LLC purchased a new position in shares of Telos during the 1st quarter valued at $39,000. NewEdge Advisors LLC grew its position in shares of Telos by 28.7% during the 1st quarter. NewEdge Advisors LLC now owns 17,918 shares of the company's stock valued at $43,000 after purchasing an additional 4,000 shares in the last quarter. Finally, ProShare Advisors LLC grew its position in shares of Telos by 49.1% during the 4th quarter. ProShare Advisors LLC now owns 15,512 shares of the company's stock valued at $53,000 after purchasing an additional 5,105 shares in the last quarter. 62.14% of the stock is currently owned by hedge funds and other institutional investors.

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.