TaskUs (NASDAQ:TASK) Given New $14.00 Price Target at Citigroup

TaskUs (NASDAQ:TASK) had its price objective trimmed by Citigroup from $16.00 to $14.00 in a research report report published on Monday morning, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other analysts have also recently weighed in on TASK. Bank of America increased their target price on shares of TaskUs from $11.00 to $12.00 and gave the stock an underperform rating in a report on Thursday, February 29th. Royal Bank of Canada increased their price objective on shares of TaskUs from $16.00 to $17.00 and gave the stock a sector perform rating in a report on Thursday, February 29th. Finally, Guggenheim began coverage on shares of TaskUs in a report on Tuesday, March 19th. They issued a neutral rating and a $13.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, TaskUs has a consensus rating of Hold and an average price target of $14.50.

TaskUs Price Performance

Shares of TASK stock opened at $11.03 on Monday. The company has a market capitalization of $978.00 million, a PE ratio of 23.47, a price-to-earnings-growth ratio of 3.15 and a beta of 2.35. The firm has a fifty day simple moving average of $11.96 and a 200-day simple moving average of $11.80. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.58. TaskUs has a twelve month low of $7.95 and a twelve month high of $14.67.

TaskUs (NASDAQ:TASK) last issued its earnings results on Wednesday, February 28th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. The company had revenue of $234.26 million for the quarter, compared to analysts’ expectations of $225.96 million. TaskUs had a net margin of 4.94% and a return on equity of 16.91%. Equities research analysts anticipate that TaskUs will post 0.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TaskUs

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in TaskUs during the 4th quarter valued at about $2,362,000. Janney Montgomery Scott LLC acquired a new position in TaskUs during the 3rd quarter valued at about $847,000. Bank of New York Mellon Corp increased its stake in TaskUs by 3.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 57,793 shares of the company’s stock valued at $600,000 after buying an additional 1,848 shares during the period. Massachusetts Financial Services Co. MA increased its stake in TaskUs by 4.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,664,253 shares of the company’s stock valued at $17,275,000 after buying an additional 74,512 shares during the period. Finally, Paradigm Capital Management Inc. NY acquired a new position in TaskUs during the 3rd quarter valued at about $208,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

TaskUs Company Profile

TaskUs, Inc provides digital outsourcing services for companies in Philippines, the United States, India, and internationally. It offers digital customer experience that consists of omni-channel customer care services primarily delivered through non-voice digital channels; and other solutions, including experience and customer care services for new product or market launches, and customer acquisition solutions.