Brokerages Set TaskUs, Inc. (NASDAQ:TASK) Target Price at $15.13

Shares of TaskUs, Inc. (NASDAQ:TASK) have received an average recommendation of “Hold” from the eight analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $15.13.

Several brokerages recently issued reports on TASK. Citigroup raised their target price on shares of TaskUs from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Royal Bank of Canada lifted their price objective on TaskUs from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Friday, August 9th. Bank of America upgraded TaskUs from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $12.00 to $18.00 in a research report on Monday, July 22nd. The Goldman Sachs Group began coverage on TaskUs in a research report on Monday, June 24th. They issued a “sell” rating and a $12.00 target price on the stock. Finally, Robert W. Baird upped their price target on shares of TaskUs from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, July 11th.

TaskUs Stock Down 1.5 %

TaskUs stock opened at $13.30 on Thursday. TaskUs has a 12 month low of $7.95 and a 12 month high of $17.97. The stock has a fifty day simple moving average of $14.69 and a two-hundred day simple moving average of $13.38. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.54. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 3.75 and a beta of 2.33.

TaskUs (NASDAQ:TASK) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. TaskUs had a return on equity of 16.93% and a net margin of 5.44%. The company had revenue of $237.93 million for the quarter, compared to analysts’ expectations of $231.15 million. Equities analysts predict that TaskUs will post 0.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. nVerses Capital LLC purchased a new stake in TaskUs in the 2nd quarter worth $28,000. Quarry LP grew its holdings in TaskUs by 326.6% during the 4th quarter. Quarry LP now owns 4,321 shares of the company’s stock valued at $56,000 after buying an additional 3,308 shares in the last quarter. 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. Olympiad Research LP purchased a new position in shares of TaskUs in the fourth quarter worth $185,000. Finally, Hsbc Holdings PLC boosted its position in shares of TaskUs by 19.7% during the second quarter. Hsbc Holdings PLC now owns 16,885 shares of the company’s stock worth $225,000 after acquiring an additional 2,779 shares during the last quarter. 44.64% of the stock is owned by hedge funds and other institutional investors.

About TaskUs

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.