Analysts Set TaskUs, Inc. (NASDAQ:TASK) Target Price at $17.25

TaskUs, Inc. (NASDAQ:TASKGet Free Report) has earned a consensus rating of “Hold” from the eight research firms that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $17.25.

Several analysts have issued reports on TASK shares. Weiss Ratings reissued a “hold (c)” rating on shares of TaskUs in a report on Wednesday, October 8th. Robert W. Baird boosted their price target on TaskUs from $16.50 to $18.00 and gave the company a “neutral” rating in a report on Thursday. Zacks Research raised TaskUs from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 20th. Finally, Morgan Stanley lowered TaskUs from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $21.00 to $16.50 in a report on Tuesday, September 9th.

Read Our Latest Stock Analysis on TaskUs

Institutional Trading of TaskUs

Hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its stake in TaskUs by 0.3% during the second quarter. Geode Capital Management LLC now owns 205,442 shares of the company’s stock valued at $3,444,000 after buying an additional 647 shares during the last quarter. First Trust Advisors LP boosted its stake in TaskUs by 1.3% during the second quarter. First Trust Advisors LP now owns 54,531 shares of the company’s stock valued at $914,000 after buying an additional 716 shares during the last quarter. Lazard Asset Management LLC boosted its stake in TaskUs by 7.8% during the second quarter. Lazard Asset Management LLC now owns 18,522 shares of the company’s stock valued at $308,000 after buying an additional 1,342 shares during the last quarter. Swiss National Bank boosted its stake in TaskUs by 6.1% during the second quarter. Swiss National Bank now owns 34,700 shares of the company’s stock valued at $582,000 after buying an additional 2,000 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in TaskUs by 4.9% during the second quarter. American Century Companies Inc. now owns 43,404 shares of the company’s stock valued at $727,000 after buying an additional 2,045 shares during the last quarter. Institutional investors own 44.64% of the company’s stock.

TaskUs Stock Performance

NASDAQ:TASK opened at $13.24 on Friday. The stock has a 50-day simple moving average of $17.20 and a two-hundred day simple moving average of $16.18. TaskUs has a 52-week low of $11.26 and a 52-week high of $19.60. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.84 and a current ratio of 2.84. The firm has a market capitalization of $1.19 billion, a PE ratio of 19.19 and a beta of 2.15.

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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Analyst Recommendations for TaskUs (NASDAQ:TASK)

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