TaskUs (NASDAQ:TASK) PT Raised to $18.00

TaskUs (NASDAQ:TASK) had its price objective lifted by Citigroup from $16.00 to $18.00 in a research note released on Friday, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research firms also recently issued reports on TASK. Robert W. Baird upped their target price 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. Guggenheim assumed coverage on shares of TaskUs in a research report on Tuesday, March 19th. They issued a neutral rating and a $13.00 price target on the stock. Finally, The Goldman Sachs Group assumed coverage on shares of TaskUs in a research report on Monday, June 24th. They issued a sell rating and a $12.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TaskUs presently has an average rating of Hold and a consensus price target of $14.13.

TaskUs Stock Performance

TaskUs stock opened at $15.75 on Friday. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.56. TaskUs has a 1 year low of $7.95 and a 1 year high of $15.94. The company has a market cap of $1.39 billion, a PE ratio of 30.88, a PEG ratio of 5.80 and a beta of 2.33. The company’s 50-day moving average is $13.99 and its two-hundred day moving average is $12.82.

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

Institutional Trading of TaskUs

Large investors have recently bought and sold shares of the business. Quarry LP increased its stake in TaskUs by 326.6% during the 4th quarter. Quarry LP now owns 4,321 shares of the company’s stock worth $56,000 after purchasing an additional 3,308 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in TaskUs during the 4th quarter worth approximately $64,000. Olympiad Research LP bought a new stake in TaskUs during the 4th quarter worth approximately $185,000. Janney Montgomery Scott LLC increased its stake in TaskUs by 53.2% during the 1st 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 in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in TaskUs by 145.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 120,920 shares of the company’s stock worth $1,409,000 after purchasing an additional 71,621 shares in the last quarter. 44.64% of the stock is owned by 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.