TaskUs, Inc. (NASDAQ:TASK) Receives Consensus Recommendation of “Hold” from Analysts

Shares of TaskUs, Inc. (NASDAQ:TASK) have been given a consensus rating of “Hold” by the eight research firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have 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 twelve-month price target among brokerages that have covered the stock in the last year is $14.13.

Several analysts have recently commented on the stock. Robert W. Baird increased their target price on shares of TaskUs from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday. Citigroup increased their target price on shares of TaskUs from $16.00 to $18.00 and gave the company a “buy” rating in a report on Friday. The Goldman Sachs Group assumed coverage on shares of TaskUs in a report on Monday, June 24th. They issued a “sell” rating and a $12.00 target price for the company. Finally, Guggenheim assumed coverage on shares of TaskUs in a report on Tuesday, March 19th. They issued a “neutral” rating and a $13.00 target price for the company.

TaskUs Stock Performance

TASK opened at $15.48 on Wednesday. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.56. The company’s fifty day moving average price is $13.92 and its two-hundred day moving average price is $12.80. TaskUs has a 1-year low of $7.95 and a 1-year high of $15.63. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 5.81 and a beta of 2.32.

TaskUs (NASDAQ:TASK) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. TaskUs had a net margin of 5.23% and a return on equity of 16.61%. The firm had revenue of $227.47 million for the quarter, compared to the consensus estimate of $223.50 million. On average, analysts expect that TaskUs will post 0.83 EPS for the current fiscal year.

Institutional Trading of TaskUs

A number of large investors have recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. increased its holdings in TaskUs by 145.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 120,920 shares of the company’s stock worth $1,409,000 after buying an additional 71,621 shares during the last quarter. Lord Abbett & CO. LLC boosted its position in TaskUs by 26.5% during the first quarter. Lord Abbett & CO. LLC now owns 744,222 shares of the company’s stock worth $8,670,000 after purchasing an additional 155,751 shares during the period. Janney Montgomery Scott LLC boosted its position in TaskUs by 53.2% during the first quarter. Janney Montgomery Scott LLC now owns 107,950 shares of the company’s stock worth $1,258,000 after purchasing an additional 37,505 shares during the period. Quarry LP boosted its position in TaskUs by 326.6% during the fourth quarter. Quarry LP now owns 4,321 shares of the company’s stock worth $56,000 after purchasing an additional 3,308 shares during the period. Finally, Olympiad Research LP bought a new position in TaskUs during the fourth quarter worth about $185,000. Hedge funds and other institutional investors own 44.64% of the company’s stock.

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.