Wedbush Cuts Telos (NASDAQ:TLS) Price Target to $5.00

Telos (NASDAQ:TLS – Get Rating) had its target price lowered by equities researchers at Wedbush from $8.00 to $5.00 in a research report issued on Friday, The Fly reports. The brokerage currently has an “outperform” rating on the stock. Wedbush’s price objective points to a potential upside of 106.61% from the company’s previous close.

Separately, Northland Securities downgraded shares of Telos from an “outperform” rating to a “market perform” rating and set a $5.00 target price on the stock. in a research note on Tuesday, January 3rd. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.63.

Telos Trading Up 13.3 %

Shares of NASDAQ TLS opened at $2.42 on Friday. The firm’s 50 day moving average price is $4.37 and its 200-day moving average price is $6.34. The company has a market cap of $162.65 million, a PE ratio of -4.10 and a beta of 0.53. Telos has a 52-week low of $2.03 and a 52-week high of $12.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.19 and a current ratio of 3.27.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TLS. Point72 Hong Kong Ltd lifted its position in Telos by 119.3% during the second quarter. Point72 Hong Kong Ltd now owns 4,564 shares of the company’s stock valued at $37,000 after purchasing an additional 2,483 shares during the period. Royal Bank of Canada lifted its position in Telos by 1,411.7% during the third quarter. Royal Bank of Canada now owns 5,684 shares of the company’s stock valued at $51,000 after purchasing an additional 5,308 shares during the period. Allspring Global Investments Holdings LLC raised its position in Telos by 212.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,520 shares of the company’s stock worth $57,000 after acquiring an additional 4,436 shares during the period. Virtu Financial LLC bought a new position in Telos in the fourth quarter worth approximately $64,000. Finally, Advisor Group Holdings Inc. raised its position in Telos by 44.8% in the fourth quarter. Advisor Group Holdings Inc. now owns 13,375 shares of the company’s stock worth $69,000 after acquiring an additional 4,141 shares during the period. Institutional investors own 60.44% of the company’s stock.

Telos Company Profile

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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.