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

TaskUs, Inc. (NASDAQ:TASKGet Free Report) has earned a consensus rating of “Hold” from the seven research firms that are covering the firm, MarketBeat.com reports. One research 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 brokers that have covered the stock in the last year is $13.29.

Several brokerages have recently weighed in on TASK. 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 research note on Thursday, February 29th. Guggenheim initiated coverage on TaskUs in a report on Tuesday, March 19th. They set a “neutral” rating and a $13.00 price target on the stock. Royal Bank of Canada raised their price objective on shares of TaskUs from $16.00 to $17.00 and gave the company a “sector perform” rating in a research report on Thursday, February 29th. Finally, Citigroup lowered their price objective on shares of TaskUs from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd.

Get Our Latest Report on TASK

Institutional Inflows and Outflows

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

TaskUs Stock Up 0.8 %

TASK opened at $12.85 on Friday. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 25.20, a price-to-earnings-growth ratio of 4.78 and a beta of 2.36. The business has a 50-day moving average of $13.08 and a two-hundred day moving average of $12.64. TaskUs has a 12 month low of $7.95 and a 12 month high of $15.40. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.36 and a quick ratio of 3.36.

TaskUs (NASDAQ:TASKGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $227.47 million for the quarter, compared to analyst estimates of $223.50 million. TaskUs had a return on equity of 16.61% and a net margin of 5.23%. On average, research analysts expect that TaskUs will post 0.83 earnings per share for the current year.

TaskUs Company Profile

(Get Free Report

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.

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Analyst Recommendations for TaskUs (NASDAQ:TASK)

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