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

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 analysts at Wedbush from $4.00 to $6.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Wedbush's target price would indicate a potential upside of 8.11% from the stock's previous close.

A number of other analysts have also recently commented on the stock. BMO Capital Markets reduced their target price on shares of Telos from $3.00 to $2.25 and set a "market perform" rating for the company in a report on Monday, May 12th. Wall Street Zen raised shares of Telos from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $4.88.

Telos Stock Performance

TLS stock traded up $0.11 during midday trading on Tuesday, reaching $5.55. 1,355,720 shares of the company's stock traded hands, compared to its average volume of 2,428,619. Telos has a 52-week low of $1.83 and a 52-week high of $5.84. The stock has a market cap of $403.49 million, a P/E ratio of -7.21 and a beta of 0.96. The company has a current ratio of 2.65, a quick ratio of 3.94 and a debt-to-equity ratio of 0.06. The stock's 50-day moving average is $3.02 and its 200 day moving average is $2.84.

Hedge Funds Weigh In On Telos

A number of hedge funds and other institutional investors have recently modified their holdings of TLS. Rhumbline Advisers lifted its position in Telos by 3.4% during the second quarter. Rhumbline Advisers now owns 82,432 shares of the company's stock valued at $261,000 after purchasing an additional 2,740 shares during the last quarter. American Century Companies Inc. lifted its position in Telos by 3.6% during the second quarter. American Century Companies Inc. now owns 112,106 shares of the company's stock valued at $355,000 after purchasing an additional 3,889 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Telos by 28.7% in the first quarter. NewEdge Advisors LLC now owns 17,918 shares of the company's stock valued at $43,000 after acquiring an additional 4,000 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Telos by 15.6% in the 4th quarter. Wells Fargo & Company MN now owns 34,877 shares of the company's stock worth $119,000 after acquiring an additional 4,705 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Telos by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,359,138 shares of the company's stock worth $4,649,000 after acquiring an additional 4,715 shares during the last quarter. Institutional investors own 62.14% of the company's stock.

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.