Telos (NASDAQ:TLS) Shares Gap Up to $10.90

Telos Co. (NASDAQ:TLSGet Rating)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $10.90, but opened at $11.62. Telos shares last traded at $12.39, with a volume of 3,447 shares changing hands.

Analysts Set New Price Targets

TLS has been the topic of a number of research analyst reports. Northland Securities set a $11.00 price target on Telos in a report on Monday, June 27th. Needham & Company LLC upped their target price on Telos from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, August 10th. Finally, Wedbush upgraded Telos from a “neutral” rating to an “outperform” rating and set a $15.00 target price on the stock in a report on Monday. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Telos has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

Telos Price Performance

The company has a current ratio of 3.41, a quick ratio of 3.34 and a debt-to-equity ratio of 0.07. The company has a market cap of $793.38 million, a PE ratio of -20.87 and a beta of 1.22. The firm has a 50 day moving average of $8.95 and a two-hundred day moving average of $8.99.

Institutional Trading of Telos

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Telos by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 4,523,717 shares of the company’s stock worth $45,101,000 after buying an additional 170,285 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of Telos in the 1st quarter worth approximately $27,666,000. Legal & General Group Plc grew its stake in shares of Telos by 12.0% in the 2nd quarter. Legal & General Group Plc now owns 2,541,750 shares of the company’s stock worth $20,537,000 after buying an additional 271,347 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Telos by 2.3% in the 2nd quarter. Victory Capital Management Inc. now owns 1,771,568 shares of the company’s stock worth $14,314,000 after buying an additional 40,482 shares during the last quarter. Finally, Needham Investment Management LLC grew its stake in shares of Telos by 8.2% in the 2nd quarter. Needham Investment Management LLC now owns 1,758,366 shares of the company’s stock worth $14,207,000 after buying an additional 133,966 shares during the last quarter. Hedge funds and other institutional investors own 59.19% of the company’s stock.

About Telos

(Get Rating)

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.

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