TaskUs (NASDAQ:TASK) Stock Price Expected to Rise, Robert W. Baird Analyst Says

TaskUs (NASDAQ:TASK - Get Free Report) had its target price raised by Robert W. Baird from $16.00 to $20.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Robert W. Baird's price objective points to a potential upside of 5.82% from the company's previous close.

Several other equities analysts also recently weighed in on TASK. Royal Bank of Canada raised their target price on shares of TaskUs from $17.00 to $18.00 and gave the company a "sector perform" rating in a report on Friday, August 9th. Bank of America upgraded TaskUs from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $12.00 to $18.00 in a report on Monday, July 22nd. JPMorgan Chase & Co. dropped their target price on shares of TaskUs from $17.00 to $15.00 and set a "neutral" rating for the company in a research report on Friday, September 6th. Finally, Citigroup lifted their price target on shares of TaskUs from $18.00 to $19.00 and gave the company a "buy" rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, TaskUs has an average rating of "Hold" and a consensus price target of $16.43.

TaskUs Stock Performance

Shares of TASK stock traded up $3.35 during mid-day trading on Friday, hitting $18.90. The stock had a trading volume of 864,601 shares, compared to its average volume of 221,608. TaskUs has a fifty-two week low of $10.56 and a fifty-two week high of $19.60. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.23 and a quick ratio of 3.23. The company's 50-day simple moving average is $12.58 and its 200-day simple moving average is $13.58. The firm has a market cap of $1.68 billion, a PE ratio of 31.75, a PEG ratio of 3.87 and a beta of 2.28.

TaskUs (NASDAQ:TASK - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.20 earnings per share for the quarter, meeting analysts' consensus estimates of $0.20. TaskUs had a return on equity of 16.93% and a net margin of 5.44%. The company had revenue of $237.93 million for the quarter, compared to analyst estimates of $231.15 million. Sell-side analysts anticipate that TaskUs will post 0.87 earnings per share for the current year.

Institutional Trading of TaskUs

Large investors have recently bought and sold shares of the company. nVerses Capital LLC acquired a new stake in TaskUs during the 2nd quarter valued at $28,000. US Bancorp DE raised its position in shares of TaskUs by 101.2% during the 3rd quarter. US Bancorp DE now owns 5,001 shares of the company's stock worth $65,000 after buying an additional 2,516 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of TaskUs by 55.3% during the 2nd 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 in the last quarter. CWM LLC grew its position in TaskUs by 25,053.3% in the third quarter. CWM LLC now owns 7,546 shares of the company's stock worth $97,000 after buying an additional 7,516 shares during the last quarter. Finally, Olympiad Research LP bought a new position in shares of TaskUs in the third quarter valued at $143,000. Institutional investors and hedge funds 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.