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

TaskUs, Inc. (NASDAQ:TASK) has received a consensus rating of “Hold” from the eight research firms that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $17.67.

Several research firms have recently issued reports on TASK. Royal Bank Of Canada lowered their price target on TaskUs from $20.00 to $16.50 and set a “sector perform” rating for the company in a research report on Monday, May 12th. Baird R W lowered TaskUs from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 12th. Robert W. Baird downgraded TaskUs from an “outperform” rating to a “neutral” rating and set a $16.50 price objective for the company. in a report on Monday, May 12th. Finally, William Blair downgraded TaskUs from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th.

Hedge Funds Weigh In On TaskUs

Large investors have recently modified their holdings of the stock. Think Investments LP grew its position in TaskUs by 12.9% in the 1st quarter. Think Investments LP now owns 3,253,358 shares of the company’s stock valued at $44,343,000 after acquiring an additional 371,845 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of TaskUs by 7.9% during the 4th quarter. Ameriprise Financial Inc. now owns 957,653 shares of the company’s stock worth $16,223,000 after buying an additional 69,704 shares in the last quarter. Royce & Associates LP grew its position in shares of TaskUs by 6.4% during the 1st quarter. Royce & Associates LP now owns 790,289 shares of the company’s stock worth $10,772,000 after buying an additional 47,610 shares in the last quarter. Dalton Investments Inc. grew its position in shares of TaskUs by 10.3% during the 1st quarter. Dalton Investments Inc. now owns 750,146 shares of the company’s stock worth $10,224,000 after buying an additional 69,900 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of TaskUs by 85.9% during the 1st quarter. SG Americas Securities LLC now owns 651,838 shares of the company’s stock worth $8,885,000 after buying an additional 301,119 shares in the last quarter. Institutional investors own 44.64% of the company’s stock.

TaskUs Stock Performance

Shares of TASK stock opened at $17.07 on Friday. The stock has a fifty day moving average of $16.79 and a 200 day moving average of $15.30. TaskUs has a 52 week low of $10.57 and a 52 week high of $19.60. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 27.98 and a beta of 2.16. The company has a quick ratio of 2.87, a current ratio of 2.87 and a debt-to-equity ratio of 0.45.

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.