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

Shares of TaskUs, Inc. (NASDAQ:TASK) have received an average recommendation of “Hold” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $16.43.

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on TaskUs from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, September 6th. Royal Bank of Canada boosted their target price on TaskUs from $17.00 to $18.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Citigroup upped their price target on TaskUs from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Bank of America upgraded TaskUs from an “underperform” rating to a “neutral” rating and increased their target price for the company from $12.00 to $18.00 in a research note on Monday, July 22nd. Finally, Robert W. Baird upped their price target on TaskUs from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Friday.

TaskUs Stock Performance

Shares of NASDAQ TASK opened at $15.41 on Tuesday. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 4.99 and a beta of 2.28. The stock’s fifty day simple moving average is $12.74 and its 200 day simple moving average is $13.70. TaskUs has a 52-week low of $10.56 and a 52-week high of $19.60.

Institutional Investors Weigh In On TaskUs

Large investors have recently bought and sold shares of the business. Lord Abbett & CO. LLC boosted its position in TaskUs by 26.5% in the 1st quarter. Lord Abbett & CO. LLC now owns 744,222 shares of the company’s stock valued at $8,670,000 after buying an additional 155,751 shares during the last quarter. LSV Asset Management acquired a new stake in TaskUs during the 2nd quarter worth $990,000. Jacobs Levy Equity Management Inc. raised its stake in shares of TaskUs by 145.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 120,920 shares of the company’s stock valued at $1,409,000 after purchasing an additional 71,621 shares during the period. Royce & Associates LP raised its stake in shares of TaskUs by 8.9% in the 3rd 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 during the period. Finally, SG Americas Securities LLC raised its stake in shares of TaskUs by 94.2% in the 3rd quarter. SG Americas Securities LLC now owns 110,626 shares of the company’s stock valued at $1,429,000 after purchasing an additional 53,672 shares during the period. 44.64% of the stock is currently owned by 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.