TaskUs, Inc. (NASDAQ:TASK) Receives $16.43 Consensus Target Price from Analysts

Shares of TaskUs, Inc. (NASDAQ:TASK) have been assigned a consensus rating of “Hold” from the seven research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $16.43.

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of TaskUs from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, September 6th. Citigroup increased their price objective on TaskUs from $18.00 to $19.00 and gave the company a “buy” rating in a report on Monday, August 12th. Robert W. Baird boosted their target price on TaskUs from $16.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Bank of America upgraded TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Monday.

TaskUs Trading Up 9.3 %

NASDAQ TASK opened at $16.63 on Friday. The business’s fifty day moving average is $13.63 and its 200-day moving average is $13.89. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.02 and a quick ratio of 3.02. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 28.19, a PEG ratio of 3.94 and a beta of 2.31. TaskUs has a one year low of $10.56 and a one year high of $19.60.

Institutional Investors Weigh In On TaskUs

A number of institutional investors and hedge funds have recently modified their holdings of TASK. Royce & Associates LP increased its stake in TaskUs by 8.9% in the 3rd quarter. Royce & Associates LP now owns 669,579 shares of the company’s stock worth $8,651,000 after acquiring an additional 54,770 shares during the last quarter. Dalton Investments Inc. increased its position 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 during the last quarter. Renaissance Technologies LLC raised its stake in TaskUs by 12.8% in the second 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 in the last quarter. Seldon Capital LP bought a new stake in TaskUs during the third quarter valued at approximately $5,393,000. Finally, Massachusetts Financial Services Co. MA grew its stake in TaskUs by 12.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 396,274 shares of the company’s stock worth $5,120,000 after buying an additional 42,750 shares in the last quarter. 44.64% of the stock is owned by hedge funds and other institutional investors.

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.