Brokerages Set TaskUs, Inc. (NASDAQ:TASK) Target Price at $17.86

TaskUs, Inc. (NASDAQ:TASK - Get Free Report) has been assigned an average recommendation of "Hold" from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $17.86.

Separately, Royal Bank of Canada increased their price objective on TaskUs from $18.00 to $20.00 and gave the company a "sector perform" rating in a research report on Thursday, February 27th.

TaskUs Stock Performance

Shares of TaskUs stock traded up $0.12 during trading hours on Friday, hitting $12.87. 96,800 shares of the company's stock traded hands, compared to its average volume of 267,491. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 3.92 and a beta of 2.17. The company has a fifty day simple moving average of $13.89 and a 200-day simple moving average of $14.56. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.02 and a quick ratio of 3.02. TaskUs has a 12-month low of $10.56 and a 12-month high of $19.60.

TaskUs (NASDAQ:TASK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.12). The firm had revenue of $274.24 million for the quarter, compared to the consensus estimate of $268.65 million. TaskUs had a net margin of 5.58% and a return on equity of 17.73%. Equities research analysts anticipate that TaskUs will post 0.9 EPS for the current fiscal year.

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Insider Activity

In other TaskUs news, insider Jarrod Johnson sold 21,437 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $13.60, for a total transaction of $291,543.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 29.26% of the company's stock.

Hedge Funds Weigh In On TaskUs

Several hedge funds have recently added to or reduced their stakes in TASK. Blue Trust Inc. lifted its holdings in TaskUs by 71.5% during the 4th quarter. Blue Trust Inc. now owns 1,677 shares of the company's stock valued at $28,000 after buying an additional 699 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of TaskUs in the 1st quarter valued at about $63,000. BNP Paribas Financial Markets purchased a new stake in shares of TaskUs during the 4th quarter valued at $80,000. KLP Kapitalforvaltning AS purchased a new stake in shares of TaskUs during the fourth quarter worth about $81,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of TaskUs during the fourth quarter valued at about $83,000. 44.64% of the stock is currently owned by institutional investors.

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.