Wedbush Raises Telos (NASDAQ:TLS) Price Target to $6.00

Key Points

• Wedbush has raised the price target for Telos (NASDAQ:TLS) from $4.00 to $6.00, suggesting a potential upside of 41.91% from its current price.
• The stock currently holds an average rating of "Hold" among analysts, with an average target price of $3.94.
• Institutional investors control 62.14% of Telos stock, indicating strong interest in the company from major financial institutions.

Telos (NASDAQ:TLS - Get Free Report) had its price objective lifted by Wedbush from $4.00 to $6.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Wedbush's target price would suggest a potential upside of 41.91% from the stock's current price.

TLS has been the subject of a number of other research reports. Wall Street Zen raised Telos from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. BMO Capital Markets reduced their price target on Telos from $3.00 to $2.25 and set a "market perform" rating on the stock in a report on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $3.94.

Telos Price Performance

TLS opened at $4.23 on Tuesday. The company has a market capitalization of $310.72 million, a price-to-earnings ratio of -5.64 and a beta of 0.96. The company has a quick ratio of 3.94, a current ratio of 4.00 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average price of $2.81 and a 200-day moving average price of $2.78. Telos has a twelve month low of $1.83 and a twelve month high of $4.82.

Institutional Investors Weigh In On Telos

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in Telos by 75.3% in the 4th quarter. JPMorgan Chase & Co. now owns 299,206 shares of the company's stock worth $1,023,000 after acquiring an additional 128,507 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Telos by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,359,138 shares of the company's stock worth $4,649,000 after purchasing an additional 4,715 shares during the period. Wells Fargo & Company MN boosted its position in Telos by 15.6% in the fourth quarter. Wells Fargo & Company MN now owns 34,877 shares of the company's stock valued at $119,000 after buying an additional 4,705 shares during the last quarter. Federated Hermes Inc. increased its holdings in Telos by 20.0% in the 4th quarter. Federated Hermes Inc. now owns 72,000 shares of the company's stock worth $246,000 after buying an additional 12,000 shares during the period. Finally, Barclays PLC raised its position in Telos by 3.7% during the 4th quarter. Barclays PLC now owns 9,523,032 shares of the company's stock worth $32,569,000 after buying an additional 342,076 shares during 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.

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