TaskUs, Inc. (NASDAQ:TASK – Get Free Report) dropped 6.9% during trading on Friday after JPMorgan Chase & Co. lowered their price target on the stock from $17.00 to $15.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. TaskUs traded as low as $12.32 and last traded at $12.35. Approximately 284,131 shares changed hands during mid-day trading, an increase of 29% from the average daily volume of 220,171 shares. The stock had previously closed at $13.27.
Several other research analysts have also commented on the stock. Citigroup lifted their price target on shares of TaskUs from $18.00 to $19.00 and gave the company a “buy” rating in a report on Monday, August 12th. Bank of America raised shares of TaskUs from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $12.00 to $18.00 in a report on Monday, July 22nd. Royal Bank of Canada lifted their price target on shares of TaskUs from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Robert W. Baird lifted their price objective 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. Finally, The Goldman Sachs Group started coverage on shares of TaskUs in a research report on Monday, June 24th. They issued a “sell” rating and a $12.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $15.38.
Read Our Latest Research Report on TASK
Institutional Trading of TaskUs
TaskUs Price Performance
The company has a market capitalization of $1.07 billion, a P/E ratio of 23.84, a P/E/G ratio of 3.62 and a beta of 2.29. The business’s 50-day simple moving average is $14.67 and its 200 day simple moving average is $13.40. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.54.
TaskUs (NASDAQ:TASK – Get Free Report) last released its earnings results on Thursday, August 8th. The company reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. TaskUs had a net margin of 5.44% and a return on equity of 16.93%. The business had revenue of $237.93 million for the quarter, compared to the consensus estimate of $231.15 million. As a group, sell-side analysts anticipate that TaskUs, Inc. will post 0.84 EPS for the current year.
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.
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