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

Shares of TaskUs, Inc. (NASDAQ:TASK - Get Free Report) have earned a consensus rating of "Hold" from the seven analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $16.43.

Several equities research analysts recently commented on the company. Robert W. Baird upped their target price on TaskUs from $16.00 to $20.00 and gave the company an "outperform" rating in a research report on Friday. Bank of America upgraded TaskUs from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $12.00 to $18.00 in a research note on Monday, July 22nd. Citigroup increased their price objective on TaskUs from $18.00 to $19.00 and gave the stock a "buy" rating in a research report on Monday, August 12th. Royal Bank of Canada raised their price objective on shares of TaskUs from $17.00 to $18.00 and gave the company a "sector perform" rating in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. decreased their price target on shares of TaskUs from $17.00 to $15.00 and set a "neutral" rating on the stock in a research note on Friday, September 6th.

Hedge Funds Weigh In On TaskUs

Large investors have recently made changes to their positions in the business. nVerses Capital LLC purchased a new position in TaskUs in the 2nd quarter valued at about $28,000. US Bancorp DE increased its holdings in TaskUs by 101.2% in the 3rd quarter. US Bancorp DE now owns 5,001 shares of the company's stock valued at $65,000 after purchasing an additional 2,516 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of TaskUs by 55.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,581 shares of the company's stock valued at $74,000 after purchasing an additional 1,988 shares during the period. CWM LLC grew its stake in TaskUs by 25,053.3% during the 3rd quarter. CWM LLC now owns 7,546 shares of the company's stock worth $97,000 after purchasing an additional 7,516 shares in the last quarter. Finally, Olympiad Research LP purchased a new stake in shares of TaskUs in the 3rd quarter valued at approximately $143,000. 44.64% of the stock is owned by institutional investors and hedge funds.

TaskUs Price Performance

Shares of NASDAQ:TASK traded down $0.72 during midday trading on Tuesday, hitting $14.69. The stock had a trading volume of 321,953 shares, compared to its average volume of 225,730. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.54. TaskUs has a fifty-two week low of $10.56 and a fifty-two week high of $19.60. The company has a market capitalization of $1.30 billion, a P/E ratio of 26.12, a price-to-earnings-growth ratio of 4.99 and a beta of 2.28. The company's 50-day moving average price is $12.74 and its 200-day moving average price is $13.70.

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.