TaskUs, Inc. (NASDAQ:TASK) Receives $17.67 Average Price Target from Analysts

TaskUs, Inc. (NASDAQ:TASK) has earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $17.67.

A number of brokerages have issued reports on TASK. Royal Bank Of Canada decreased their price objective on TaskUs from $20.00 to $16.50 and set a “sector perform” rating on the stock in a research report on Monday, May 12th. Robert W. Baird cut TaskUs from an “outperform” rating to a “neutral” rating and set a $16.50 target price on the stock. in a research note on Monday, May 12th. William Blair cut TaskUs from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. Finally, Baird R W cut TaskUs from a “strong-buy” rating to a “hold” rating in a report on Monday, May 12th.

TaskUs Price Performance

Shares of TaskUs stock opened at $17.05 on Friday. The stock’s 50-day simple moving average is $16.79 and its 200-day simple moving average is $15.29. TaskUs has a 52 week low of $10.57 and a 52 week high of $19.60. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 27.95 and a beta of 2.16. The company has a quick ratio of 2.87, a current ratio of 2.87 and a debt-to-equity ratio of 0.45.

Hedge Funds Weigh In On TaskUs

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new stake in shares of TaskUs in the first quarter valued at approximately $63,000. BNP Paribas Financial Markets purchased a new stake in shares of TaskUs during the fourth quarter worth $80,000. KLP Kapitalforvaltning AS purchased a new stake in shares of TaskUs during the fourth quarter worth $81,000. Point72 Asset Management L.P. purchased a new stake in shares of TaskUs during the fourth quarter worth $83,000. Finally, Quarry LP purchased a new stake in shares of TaskUs during the first quarter worth $83,000. Hedge funds and other institutional investors own 44.64% of the company’s stock.

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.