TaskUs, Inc. (NASDAQ:TASK) Given Average Recommendation of “Hold” by Analysts

Shares of TaskUs, Inc. (NASDAQ:TASK) have earned a consensus recommendation of “Hold” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $14.50.

TASK has been the topic of a number of recent research reports. Citigroup dropped their target price on TaskUs from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Monday. Royal Bank of Canada lifted their target price on TaskUs from $16.00 to $17.00 and gave the company a “sector perform” rating in a research report on Thursday, February 29th. Bank of America lifted their target price on TaskUs from $11.00 to $12.00 and gave the company an “underperform” rating in a research report on Thursday, February 29th. Finally, Guggenheim started coverage on TaskUs in a research report on Tuesday, March 19th. They set a “neutral” rating and a $13.00 price target on the stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TASK. Quarry LP boosted its stake in shares of TaskUs by 326.6% during the 4th quarter. Quarry LP now owns 4,321 shares of the company’s stock worth $56,000 after acquiring an additional 3,308 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of TaskUs during the 4th quarter worth approximately $64,000. Transatlantique Private Wealth LLC bought a new position in shares of TaskUs during the 3rd quarter worth approximately $107,000. Olympiad Research LP bought a new position in shares of TaskUs during the 4th quarter worth approximately $185,000. Finally, Paradigm Capital Management Inc. NY bought a new position in shares of TaskUs during the 3rd quarter worth approximately $208,000. 44.64% of the stock is currently owned by institutional investors.

TaskUs Trading Down 0.5 %

NASDAQ TASK opened at $11.30 on Friday. The firm has a market cap of $1.00 billion, a P/E ratio of 24.04, a P/E/G ratio of 3.07 and a beta of 2.35. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.23 and a quick ratio of 3.23. The stock’s 50-day moving average is $11.89 and its 200-day moving average is $11.81. TaskUs has a one year low of $7.95 and a one year high of $14.67.

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

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.