TaskUs, Inc. (NASDAQ:TASK) Receives Consensus Rating of "Hold" from Analysts

TaskUs, Inc. (NASDAQ:TASK - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eight analysts that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $17.67.

A number of brokerages have recently commented on TASK. William Blair cut shares of TaskUs from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Baird R W cut shares of TaskUs from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Royal Bank Of Canada reduced their target price on shares of TaskUs from $20.00 to $16.50 and set a "sector perform" rating for the company in a research report on Monday, May 12th. Finally, Robert W. Baird cut shares of TaskUs from an "outperform" rating to a "neutral" rating and set a $16.50 target price for the company. in a research report on Monday, May 12th.

TaskUs Stock Performance

TASK opened at $16.78 on Wednesday. The company has a quick ratio of 2.87, a current ratio of 2.87 and a debt-to-equity ratio of 0.45. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 27.51 and a beta of 2.19. TaskUs has a 52-week low of $10.57 and a 52-week high of $19.60. The firm's fifty day simple moving average is $15.66 and its two-hundred day simple moving average is $15.28.

Institutional Investors Weigh In On TaskUs

Several hedge funds and other institutional investors have recently bought and sold shares of TASK. Blue Trust Inc. boosted its position in shares of TaskUs by 71.5% during the 4th quarter. Blue Trust Inc. now owns 1,677 shares of the company's stock worth $28,000 after purchasing an additional 699 shares during the period. Raymond James Financial Inc. purchased a new stake in TaskUs in the fourth quarter valued at approximately $408,000. Royce & Associates LP raised its position in TaskUs by 10.9% in the fourth quarter. Royce & Associates LP now owns 742,679 shares of the company's stock valued at $12,581,000 after purchasing an additional 73,100 shares during the period. Teacher Retirement System of Texas raised its position in TaskUs by 18.8% in the fourth quarter. Teacher Retirement System of Texas now owns 82,372 shares of the company's stock valued at $1,395,000 after purchasing an additional 13,045 shares during the period. Finally, American Century Companies Inc. raised its position in TaskUs by 11.6% in the fourth quarter. American Century Companies Inc. now owns 36,888 shares of the company's stock valued at $625,000 after purchasing an additional 3,841 shares during the period. 44.64% of the stock is currently owned by institutional investors and hedge funds.

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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