TaskUs, Inc. (NASDAQ:TASK) Receives $15.38 Average Target Price from Analysts

Shares of TaskUs, Inc. (NASDAQ:TASK) have received an average rating of “Hold” from the eight analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $15.38.

TASK has been the topic of several recent analyst reports. Citigroup boosted their price target on TaskUs from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Bank of America upgraded shares of TaskUs from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $12.00 to $18.00 in a research report on Monday, July 22nd. Robert W. Baird raised their price target on shares of TaskUs from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, July 11th. Royal Bank of Canada upped their price objective on shares of TaskUs from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Finally, The Goldman Sachs Group began coverage on TaskUs in a research note on Monday, June 24th. They issued a “sell” rating and a $12.00 target price for the company.

TaskUs Trading Down 2.2 %

NASDAQ:TASK opened at $12.00 on Monday. TaskUs has a 52 week low of $7.95 and a 52 week high of $17.97. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.23 and a current ratio of 3.23. The firm’s fifty day moving average is $13.98 and its 200-day moving average is $13.38. The firm has a market cap of $1.06 billion, a P/E ratio of 23.53, a P/E/G ratio of 3.43 and a beta of 2.29.

TaskUs (NASDAQ:TASK) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20. The firm had revenue of $237.93 million during the quarter, compared to the consensus estimate of $231.15 million. TaskUs had a return on equity of 16.93% and a net margin of 5.44%. Equities analysts expect that TaskUs will post 0.84 earnings per share for the current year.

Hedge Funds Weigh In On TaskUs

Several large investors have recently added to or reduced their stakes in the business. nVerses Capital LLC purchased a new stake in shares of TaskUs in the second quarter worth approximately $28,000. Quarry LP raised its position in TaskUs by 326.6% in the 4th quarter. Quarry LP now owns 4,321 shares of the company’s stock valued at $56,000 after buying an additional 3,308 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in TaskUs by 55.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,581 shares of the company’s stock valued at $74,000 after acquiring an additional 1,988 shares in the last quarter. Olympiad Research LP purchased a new position in TaskUs during the 4th quarter worth $185,000. Finally, Hsbc Holdings PLC grew its stake in shares of TaskUs by 19.7% in the 2nd quarter. Hsbc Holdings PLC now owns 16,885 shares of the company’s stock worth $225,000 after acquiring an additional 2,779 shares in the last quarter. Institutional investors 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.