Analysts Set TaskUs, Inc. (NASDAQ:TASK) Price Target at $16.43

TaskUs, Inc. (NASDAQ:TASK) has been given a consensus rating of “Hold” by the seven brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $16.43.

A number of brokerages have weighed in on TASK. JPMorgan Chase & Co. lowered their price target on TaskUs from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. Citigroup increased their target price on TaskUs from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Bank of America upgraded TaskUs from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $12.00 to $18.00 in a report on Monday, July 22nd. Robert W. Baird increased their price target on TaskUs from $16.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Royal Bank of Canada increased their price target on TaskUs from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Friday, August 9th.

TaskUs Stock Performance

TASK opened at $13.88 on Tuesday. The stock has a market cap of $1.23 billion, a PE ratio of 25.08, a P/E/G ratio of 3.87 and a beta of 2.28. The company has a current ratio of 3.02, a quick ratio of 3.23 and a debt-to-equity ratio of 0.50. TaskUs has a 1 year low of $10.56 and a 1 year high of $19.60. The stock’s 50 day simple moving average is $12.81 and its 200-day simple moving average is $13.72.

Institutional Investors Weigh In On TaskUs

Institutional investors and hedge funds have recently made changes to their positions in the stock. nVerses Capital LLC bought a new position in shares of TaskUs during the second quarter worth approximately $28,000. US Bancorp DE raised its position in TaskUs by 101.2% during the 3rd quarter. US Bancorp DE now owns 5,001 shares of the company’s stock worth $65,000 after purchasing an additional 2,516 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in TaskUs by 55.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,581 shares of the company’s stock worth $74,000 after purchasing an additional 1,988 shares during the last quarter. CWM LLC raised its position in shares of TaskUs by 25,053.3% in the 3rd quarter. CWM LLC now owns 7,546 shares of the company’s stock worth $97,000 after acquiring an additional 7,516 shares in the last quarter. Finally, Quantbot Technologies LP grew its stake in shares of TaskUs by 186.7% in the 3rd quarter. Quantbot Technologies LP now owns 9,428 shares of the company’s stock valued at $122,000 after buying an additional 6,140 shares during the period. Institutional investors own 44.64% of the company’s stock.

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.