Analysts Set TaskUs, Inc. (NASDAQ:TASK) Target Price at $13.29

Shares of TaskUs, Inc. (NASDAQ:TASK) have been assigned an average rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $13.29.

Several equities research analysts recently weighed in on TASK shares. Guggenheim assumed coverage on TaskUs in a research note on Tuesday, March 19th. They set a “neutral” rating and a $13.00 target price for the company. Bank of America upped their target price on shares of TaskUs from $11.00 to $12.00 and gave the company an “underperform” rating in a report on Thursday, February 29th. Citigroup cut their price target on shares of TaskUs from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Finally, Royal Bank of Canada upped their price objective on shares of TaskUs from $16.00 to $17.00 and gave the company a “sector perform” rating in a research note on Thursday, February 29th.

Institutional Investors Weigh In On TaskUs

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP grew its holdings in shares of TaskUs by 326.6% during the fourth quarter. Quarry LP now owns 4,321 shares of the company’s stock worth $56,000 after buying an additional 3,308 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of TaskUs in the 4th quarter valued at approximately $64,000. Transatlantique Private Wealth LLC acquired a new position in shares of TaskUs in the third quarter valued at approximately $107,000. Olympiad Research LP purchased a new stake in shares of TaskUs during the fourth quarter worth approximately $185,000. Finally, Paradigm Capital Management Inc. NY acquired a new stake in shares of TaskUs during the third quarter worth $208,000. 44.64% of the stock is owned by hedge funds and other institutional investors.

TaskUs Stock Down 2.4 %

Shares of TaskUs stock opened at $14.34 on Tuesday. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.56. TaskUs has a 52-week low of $7.95 and a 52-week high of $15.40. The company has a market capitalization of $1.26 billion, a P/E ratio of 28.12, a P/E/G ratio of 5.59 and a beta of 2.29. The company has a 50 day moving average of $12.25 and a 200 day moving average of $12.43.

TaskUs (NASDAQ:TASK) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.05. The business had revenue of $234.26 million during the quarter, compared to analysts’ expectations of $225.96 million. TaskUs had a net margin of 5.23% and a return on equity of 16.61%. As a group, research analysts forecast that TaskUs will post 0.83 EPS 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.