Brokerages Set TaskUs, Inc. (NASDAQ:TASK) PT at $16.88

TaskUs, Inc. (NASDAQ:TASK) has been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $16.8750.

A number of research analysts have issued reports on the stock. Morgan Stanley downgraded shares of TaskUs from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $21.00 to $16.50 in a research report on Tuesday, September 9th. Zacks Research raised TaskUs from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 20th.

Institutional Trading of TaskUs

Institutional investors and hedge funds have recently modified their holdings of the stock. New York State Common Retirement Fund bought a new stake in shares of TaskUs in the 2nd quarter valued at about $67,000. Harbor Capital Advisors Inc. bought a new stake in TaskUs during the 1st quarter worth approximately $63,000. BNP Paribas Financial Markets bought a new stake in TaskUs during the 4th quarter worth approximately $80,000. Point72 Asset Management L.P. bought a new stake in TaskUs during the 4th quarter worth approximately $83,000. Finally, Quarry LP bought a new stake in TaskUs during the 1st quarter worth approximately $83,000. 44.64% of the stock is owned by institutional investors.

TaskUs Stock Performance

TaskUs stock opened at $17.55 on Tuesday. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.42. TaskUs has a 1 year low of $10.57 and a 1 year high of $19.60. The company has a market cap of $1.58 billion, a PE ratio of 25.44 and a beta of 2.16. The company’s 50-day moving average is $17.30 and its two-hundred day moving average is $15.75.

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.