Analysts Set TaskUs, Inc. (NASDAQ:TASK) PT at $16.43

Shares of TaskUs, Inc. (NASDAQ:TASK) have been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $16.43.

A number of equities analysts have recently weighed in on TASK shares. Royal Bank of Canada boosted their target price on TaskUs from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Friday, August 9th. Bank of America upgraded shares of TaskUs from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $12.00 to $18.00 in a research report on Monday, July 22nd. Citigroup boosted their price target 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. Robert W. Baird increased their price objective on TaskUs from $16.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. dropped their price target on TaskUs from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Lord Abbett & CO. LLC grew its stake in shares of TaskUs by 26.5% during the 1st quarter. Lord Abbett & CO. LLC now owns 744,222 shares of the company’s stock valued at $8,670,000 after acquiring an additional 155,751 shares during the period. Royce & Associates LP lifted its holdings in TaskUs by 8.9% during the third quarter. Royce & Associates LP now owns 669,579 shares of the company’s stock valued at $8,651,000 after purchasing an additional 54,770 shares in the last quarter. Dalton Investments Inc. increased its stake in shares of TaskUs by 2.5% in the second quarter. Dalton Investments Inc. now owns 636,458 shares of the company’s stock worth $8,471,000 after purchasing an additional 15,300 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of TaskUs by 12.8% during the 2nd quarter. Renaissance Technologies LLC now owns 440,523 shares of the company’s stock valued at $5,863,000 after purchasing an additional 50,000 shares during the period. Finally, Seldon Capital LP purchased a new position in shares of TaskUs during the 3rd quarter valued at $5,393,000. Hedge funds and other institutional investors own 44.64% of the company’s stock.

TaskUs Price Performance

Shares of NASDAQ TASK opened at $13.88 on Tuesday. TaskUs has a twelve month low of $10.56 and a twelve month high of $19.60. The stock’s 50 day moving average price is $12.81 and its 200-day moving average price is $13.72. The company has a market capitalization of $1.23 billion, a PE ratio of 25.08, a PEG ratio of 3.87 and a beta of 2.28. The company has a quick ratio of 3.23, a current ratio of 3.02 and a debt-to-equity ratio of 0.50.

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.