TaskUs, Inc. (NASDAQ:TASK) Given Consensus Recommendation of “Moderate Buy” by Analysts

TaskUs, Inc. (NASDAQ:TASKGet Rating) has earned an average rating of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $30.00.

A number of analysts have recently issued reports on TASK shares. Robert W. Baird dropped their price target on shares of TaskUs from $34.00 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday, August 9th. Wells Fargo & Company dropped their price objective on shares of TaskUs from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, September 8th. Citigroup dropped their price objective on shares of TaskUs from $28.00 to $23.00 in a report on Tuesday, August 9th. BTIG Research dropped their price objective on shares of TaskUs to $30.00 in a report on Tuesday, November 15th. Finally, Royal Bank of Canada decreased their target price on shares of TaskUs from $36.00 to $26.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 14th.

Insider Activity

In related news, Director Kelly L. Tuminelli acquired 4,000 shares of TaskUs stock in a transaction dated Tuesday, September 13th. The shares were purchased at an average price of $18.36 per share, for a total transaction of $73,440.00. Following the completion of the transaction, the director now directly owns 6,846 shares in the company, valued at approximately $125,692.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 23.96% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. purchased a new stake in TaskUs in the first quarter worth about $42,000. Lazard Asset Management LLC purchased a new stake in TaskUs in the third quarter worth about $60,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in TaskUs in the second quarter worth about $61,000. Canada Pension Plan Investment Board purchased a new stake in TaskUs in the first quarter worth about $108,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in TaskUs in the third quarter worth about $146,000. 25.23% of the stock is owned by hedge funds and other institutional investors.

TaskUs Stock Performance

Shares of NASDAQ TASK opened at $19.72 on Friday. The firm’s 50-day moving average price is $18.67 and its 200-day moving average price is $18.82. The company has a quick ratio of 3.07, a current ratio of 3.07 and a debt-to-equity ratio of 0.61. The company has a market cap of $1.92 billion, a PE ratio of 49.30, a PEG ratio of 1.59 and a beta of 2.95. TaskUs has a 52-week low of $13.60 and a 52-week high of $56.58.

TaskUs Company Profile

(Get Rating)

TaskUs, Inc provides digital outsourcing services for companies worldwide. It offers digital customer experience that consists of omni-channel customer care services primarily delivered through digital channels; and other solutions, including customer care services for new product or market launches, trust and safety solutions, and customer acquisition solutions.

Further Reading

Analyst Recommendations for TaskUs (NASDAQ:TASK)

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