TaskUs, Inc. (NASDAQ:TASK) Receives $15.38 Consensus PT from Analysts

TaskUs, Inc. (NASDAQ:TASK) has been assigned a consensus rating of “Hold” from the eight brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $15.38.

TASK has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of TaskUs from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, September 6th. Bank of America raised shares of TaskUs from an “underperform” rating to a “neutral” rating and raised their price target for the company from $12.00 to $18.00 in a 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 company an “outperform” rating in a report on Thursday, July 11th. Citigroup increased their price objective on shares of TaskUs from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada increased their price objective on shares of TaskUs from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th.

Institutional Investors Weigh In On TaskUs

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of TaskUs by 55.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,581 shares of the company’s stock valued at $74,000 after buying an additional 1,988 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of TaskUs in the second quarter valued at $28,000. Hsbc Holdings PLC grew its holdings in shares of TaskUs by 19.7% in the second quarter. Hsbc Holdings PLC now owns 16,885 shares of the company’s stock valued at $225,000 after purchasing an additional 2,779 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of TaskUs by 11.4% in the second quarter. American Century Companies Inc. now owns 27,976 shares of the company’s stock valued at $372,000 after purchasing an additional 2,863 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of TaskUs by 25,053.3% in the third quarter. CWM LLC now owns 7,546 shares of the company’s stock valued at $97,000 after purchasing an additional 7,516 shares in the last quarter. Institutional investors own 44.64% of the company’s stock.

TaskUs Stock Performance

Shares of TASK stock opened at $11.91 on Friday. TaskUs has a one year low of $8.25 and a one year high of $17.97. The company’s 50-day moving average is $12.71 and its 200 day moving average is $13.45. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 3.21 and a beta of 2.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.23 and a current ratio of 3.23.

TaskUs (NASDAQ:TASK) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $237.93 million for the quarter, compared to the consensus estimate of $231.15 million. TaskUs had a net margin of 5.44% and a return on equity of 16.93%. Sell-side analysts expect that TaskUs will post 0.87 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.