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

Shares of TaskUs, Inc. (NASDAQ:TASK) have received a consensus rating of “Hold” from the seven research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $16.43.

TASK has been the subject of a number of research analyst reports. Royal Bank of Canada upped their price objective on shares of TaskUs from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. Citigroup upped their price objective on shares of TaskUs from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Bank of America upgraded shares of TaskUs from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $12.00 to $18.00 in a research report on Monday, July 22nd. JPMorgan Chase & Co. reduced their target price 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. Finally, Robert W. Baird boosted their target price on shares of TaskUs from $16.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, November 8th.

TaskUs Stock Performance

NASDAQ TASK opened at $14.15 on Tuesday. The firm has a 50-day moving average price of $12.89 and a two-hundred day moving average price of $13.78. The company has a market capitalization of $1.26 billion, a P/E ratio of 23.98, a P/E/G ratio of 3.62 and a beta of 2.28. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.50. TaskUs has a 12-month low of $10.56 and a 12-month high of $19.60.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Barclays PLC increased its stake in shares of TaskUs by 24.9% in the third quarter. Barclays PLC now owns 24,774 shares of the company’s stock worth $321,000 after buying an additional 4,945 shares during the period. XTX Topco Ltd purchased a new position in shares of TaskUs in the third quarter worth $269,000. Jane Street Group LLC increased its stake in shares of TaskUs by 9.9% in the third quarter. Jane Street Group LLC now owns 21,761 shares of the company’s stock worth $281,000 after buying an additional 1,959 shares during the period. Quarry LP increased its stake in shares of TaskUs by 357.4% in the third quarter. Quarry LP now owns 13,567 shares of the company’s stock worth $175,000 after buying an additional 10,601 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake 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 worth $3,407,000 after buying an additional 84,988 shares during the period. 44.64% of the stock is owned by hedge funds and other institutional investors.

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.