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

TaskUs, Inc. (NASDAQ:TASK - Get Free Report) has been given a consensus rating of "Hold" by the eight ratings firms that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $17.67.

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

Institutional Investors Weigh In On TaskUs

Large investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in TaskUs in the first quarter valued at approximately $63,000. BNP Paribas Financial Markets purchased a new stake in shares of TaskUs during the 4th quarter worth $80,000. KLP Kapitalforvaltning AS purchased a new stake in shares of TaskUs during the 4th quarter worth $81,000. Point72 Asset Management L.P. purchased a new position in shares of TaskUs during the fourth quarter worth about $83,000. Finally, Quarry LP purchased a new position in shares of TaskUs during the first quarter worth about $83,000. 44.64% of the stock is currently owned by hedge funds and other institutional investors.

TaskUs Trading Up 0.3%

Shares of NASDAQ TASK traded up $0.05 during trading on Friday, reaching $17.10. The company had a trading volume of 171,442 shares, compared to its average volume of 327,386. The stock has a market cap of $1.52 billion, a P/E ratio of 28.03 and a beta of 2.16. 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's fifty day moving average price is $16.81 and its 200-day moving average price is $15.32. TaskUs has a 12 month low of $10.57 and a 12 month high of $19.60.

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.