TaskUs, Inc. (NASDAQ:TASK) Receives $16.43 Consensus Target Price from Brokerages

Shares of TaskUs, Inc. (NASDAQ:TASK - Get Free Report) have earned an average rating of "Hold" from the seven brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $16.43.

A number of research firms recently commented on TASK. Royal Bank of Canada lifted their target price on TaskUs from $17.00 to $18.00 and gave the stock a "sector perform" rating in a report on Friday, August 9th. JPMorgan Chase & Co. dropped their price objective on shares of TaskUs from $17.00 to $15.00 and set a "neutral" rating on the stock in a report on Friday, September 6th. Citigroup raised their target price on shares of TaskUs from $18.00 to $19.00 and gave the stock a "buy" rating in a report on Monday, August 12th. Finally, Robert W. Baird upped their price target on shares of TaskUs from $16.00 to $20.00 and gave the company an "outperform" rating in a report on Friday, November 8th.

Institutional Investors Weigh In On TaskUs

A number of institutional investors have recently modified their holdings of the business. Seldon Capital LP purchased a new stake in TaskUs in the 3rd quarter worth $5,393,000. Jacobs Levy Equity Management Inc. grew its position in shares of TaskUs by 47.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 263,734 shares of the company's stock valued at $3,407,000 after purchasing an additional 84,988 shares during the period. LSV Asset Management purchased a new stake in shares of TaskUs during the second quarter worth about $990,000. Royce & Associates LP raised its position in shares of TaskUs by 8.9% during the 3rd quarter. Royce & Associates LP now owns 669,579 shares of the company's stock worth $8,651,000 after purchasing an additional 54,770 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in TaskUs by 94.2% in the 3rd quarter. SG Americas Securities LLC now owns 110,626 shares of the company's stock valued at $1,429,000 after buying an additional 53,672 shares in the last quarter. 44.64% of the stock is currently owned by institutional investors and hedge funds.

TaskUs Stock Performance

TASK stock traded up $0.19 during midday trading on Friday, reaching $15.22. The stock had a trading volume of 97,359 shares, compared to its average volume of 262,153. The firm has a fifty day simple moving average of $13.56 and a two-hundred day simple moving average of $13.89. TaskUs has a 52-week low of $10.56 and a 52-week high of $19.60. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.02 and a current ratio of 3.02. The stock has a market cap of $1.36 billion, a PE ratio of 25.80, a P/E/G ratio of 3.89 and a beta of 2.31.

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.