Brokerages Set TaskUs, Inc. (NASDAQ:TASK) Target Price at $17.67

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

Several research firms have recently issued reports on TASK. Robert W. Baird cut shares of TaskUs from an "outperform" rating to a "neutral" rating and set a $16.50 price objective on the stock. in a research report on Monday, May 12th. Baird R W downgraded shares of TaskUs from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. Royal Bank Of Canada decreased their price target on shares of TaskUs from $20.00 to $16.50 and set a "sector perform" rating on the stock in a research note on Monday, May 12th. Finally, William Blair lowered TaskUs from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th.

TaskUs Price Performance

Shares of NASDAQ TASK traded down $0.03 during mid-day trading on Wednesday, reaching $16.76. The company's stock had a trading volume of 143,839 shares, compared to its average volume of 325,330. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.87 and a quick ratio of 2.87. TaskUs has a 52 week low of $10.57 and a 52 week high of $19.60. The stock has a fifty day moving average of $15.90 and a two-hundred day moving average of $15.28. The firm has a market capitalization of $1.49 billion, a PE ratio of 27.48 and a beta of 2.19.

Hedge Funds Weigh In On TaskUs

Several institutional investors have recently bought and sold shares of TASK. Raymond James Financial Inc. bought a new stake in shares of TaskUs in the 4th quarter worth about $408,000. Two Sigma Investments LP grew its position in TaskUs by 25.5% in the fourth quarter. Two Sigma Investments LP now owns 281,864 shares of the company's stock worth $4,775,000 after acquiring an additional 57,248 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in TaskUs by 5.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 471,011 shares of the company's stock worth $7,979,000 after acquiring an additional 23,713 shares during the last quarter. Bank of America Corp DE raised its position in TaskUs by 95.8% during the fourth quarter. Bank of America Corp DE now owns 68,783 shares of the company's stock valued at $1,165,000 after purchasing an additional 33,661 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of TaskUs in the 4th quarter valued at approximately $265,000. 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.