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

TaskUs, Inc. (NASDAQ:TASK) has received a consensus rating of “Hold” from the seven research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $14.50.

Several equities analysts have issued reports on the stock. Bank of America lifted their price target on shares of TaskUs from $11.00 to $12.00 and gave the stock an “underperform” rating in a report on Thursday, February 29th. Citigroup cut their price target on shares of TaskUs from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Monday. Royal Bank of Canada lifted their price target on shares of TaskUs from $16.00 to $17.00 and gave the stock a “sector perform” rating in a report on Thursday, February 29th. Finally, Guggenheim initiated coverage on shares of TaskUs in a report on Tuesday, March 19th. They set a “neutral” rating and a $13.00 price objective on the stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Barclays PLC raised its position in shares of TaskUs by 1.4% during the 3rd quarter. Barclays PLC now owns 122,377 shares of the company’s stock worth $1,270,000 after purchasing an additional 1,717 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of TaskUs by 3.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 57,793 shares of the company’s stock worth $600,000 after purchasing an additional 1,848 shares during the last quarter. Quarry LP raised its position in shares of TaskUs by 326.6% during the 4th quarter. Quarry LP now owns 4,321 shares of the company’s stock worth $56,000 after purchasing an additional 3,308 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of TaskUs during the 4th quarter worth about $64,000. Finally, Transatlantique Private Wealth LLC acquired a new position in shares of TaskUs during the 3rd quarter worth about $107,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

TaskUs Stock Performance

TaskUs stock opened at $11.30 on Friday. The company has a 50 day moving average price of $11.89 and a 200-day moving average price of $11.81. The company has a debt-to-equity ratio of 0.58, a quick ratio of 3.23 and a current ratio of 3.23. TaskUs has a fifty-two week low of $7.95 and a fifty-two week high of $14.67. The company has a market capitalization of $1.00 billion, a PE ratio of 24.04, a P/E/G ratio of 3.07 and a beta of 2.35.

TaskUs (NASDAQ:TASK) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. The company had revenue of $234.26 million during the quarter, compared to the consensus estimate of $225.96 million. TaskUs had a net margin of 4.94% and a return on equity of 16.91%. As a group, equities analysts forecast that TaskUs will post 0.75 earnings per share for the current year.

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.