TaskUs, Inc. (NASDAQ:TASK) Given Average Recommendation of "Hold" by Brokerages

TaskUs, Inc. (NASDAQ:TASK - Get Free Report) has been assigned a consensus rating of "Hold" from the seven brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $14.63.

TASK has been the subject of several research analyst reports. Bank of America increased their price objective on shares of TaskUs from $11.00 to $12.00 and gave the company an "underperform" rating in a research report on Thursday, February 29th. Royal Bank of Canada increased their price objective on shares of TaskUs from $16.00 to $17.00 and gave the company a "sector perform" rating in a research report on Thursday, February 29th. Citigroup raised their price target on shares of TaskUs from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, January 17th. Finally, Guggenheim started coverage on shares of TaskUs in a research report on Tuesday, March 19th. They set a "neutral" rating and a $13.00 price target for the company.

Institutional Investors Weigh In On TaskUs

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its stake in shares of TaskUs by 72.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 130,724 shares of the company's stock worth $1,709,000 after purchasing an additional 54,763 shares during the period. Quarry LP grew its stake in TaskUs by 326.6% in the 4th quarter. Quarry LP now owns 4,321 shares of the company's stock valued at $56,000 after acquiring an additional 3,308 shares during the period. GSA Capital Partners LLP acquired a new stake in TaskUs in the 4th quarter valued at $1,469,000. Voya Investment Management LLC acquired a new stake in TaskUs in the 4th quarter valued at $142,000. Finally, Prelude Capital Management LLC grew its stake in TaskUs by 12.7% in the 4th quarter. Prelude Capital Management LLC now owns 125,358 shares of the company's stock valued at $1,638,000 after acquiring an additional 14,162 shares during the period. Institutional investors and hedge funds own 44.64% of the company's stock.

TaskUs Stock Down 1.1 %

Shares of TASK stock traded down $0.13 during mid-day trading on Monday, hitting $11.52. 196,233 shares of the stock traded hands, compared to its average volume of 215,525. The stock has a market cap of $1.02 billion, a P/E ratio of 24.51, a P/E/G ratio of 3.21 and a beta of 2.35. The stock's fifty day moving average is $12.49 and its two-hundred day moving average is $11.63. TaskUs has a 52-week low of $7.95 and a 52-week high of $15.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.23 and a quick ratio of 3.23.

TaskUs (NASDAQ:TASK - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. The business had revenue of $234.26 million during the quarter, compared to analyst estimates of $225.96 million. TaskUs had a net margin of 4.94% and a return on equity of 16.91%. Equities analysts predict that TaskUs will post 0.75 EPS for the current year.

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.