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

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

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

TaskUs Stock Down 18.6 %

TaskUs stock opened at $15.41 on Tuesday. The stock’s 50 day moving average price is $12.74 and its 200 day moving average price is $13.70. The company has a market cap of $1.37 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 4.99 and a beta of 2.28. TaskUs has a 1-year low of $10.56 and a 1-year high of $19.60. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.23 and a quick ratio of 3.23.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TASK. Janney Montgomery Scott LLC lifted its holdings 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 buying an additional 37,505 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of TaskUs by 26.5% in the 1st 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 last quarter. Jacobs Levy Equity Management Inc. lifted its holdings 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 worth $1,409,000 after purchasing an additional 71,621 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of TaskUs by 55.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,581 shares of the company’s stock worth $74,000 after purchasing an additional 1,988 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of TaskUs in the 2nd quarter worth approximately $28,000. Institutional investors own 44.64% of the company’s stock.

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.