TaskUs, Inc. (NASDAQ:TASK) Receives $17.38 Consensus Target Price from Brokerages

by · The Cerbat Gem

Shares of TaskUs, Inc. (NASDAQ:TASK – Get Free Report) have been assigned a consensus rating of “Hold” from the nine research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $17.3750.

TASK has been the subject of several research analyst reports. Zacks Research cut TaskUs from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Robert W. Baird increased their price target on shares of TaskUs from $16.50 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Morgan Stanley lowered shares of TaskUs from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $21.00 to $16.50 in a research report on Tuesday, September 9th. Baird R W raised shares of TaskUs from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Finally, Royal Bank Of Canada increased their price objective on shares of TaskUs from $16.50 to $17.00 and gave the stock a “sector perform” rating in a research note on Monday, November 10th.

Get Our Latest Report on TaskUs

TaskUs Trading Up 1.8%

Shares of TaskUs stock opened at $12.36 on Friday. The firm’s 50 day simple moving average is $13.29 and its two-hundred day simple moving average is $15.77. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 13.89 and a beta of 2.12. TaskUs has a 12-month low of $10.68 and a 12-month high of $18.60. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.40.

TaskUs (NASDAQ:TASK – Get Free Report) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. TaskUs had a net margin of 7.11% and a return on equity of 21.27%. The firm had revenue of $298.71 million for the quarter, compared to analyst estimates of $286.71 million. Analysts predict that TaskUs will post 0.9 EPS for the current year.

Hedge Funds Weigh In On TaskUs

A number of institutional investors have recently modified their holdings of TASK. Strategic Advocates LLC acquired a new position in shares of TaskUs in the 3rd quarter valued at about $41,000. New York State Common Retirement Fund purchased a new position in TaskUs during the second quarter valued at approximately $67,000. Harbor Capital Advisors Inc. lifted its holdings in TaskUs by 21.9% in the third quarter. Harbor Capital Advisors Inc. now owns 4,994 shares of the company’s stock valued at $89,000 after acquiring an additional 896 shares during the period. Quarry LP purchased a new stake in TaskUs in the 1st quarter worth approximately $83,000. Finally, PenderFund Capital Management Ltd. purchased a new stake in TaskUs in the 3rd quarter worth approximately $157,000. Hedge funds and other institutional investors own 44.64% of the company’s stock.

TaskUs Company Profile

(Get Free Report)

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.

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