Shares of TaskUs, Inc. (NASDAQ:TASK – Get Rating) have been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $17.33.
Several equities research analysts recently commented on the company. Royal Bank of Canada reduced their price objective on TaskUs from $26.00 to $21.00 and set an “outperform” rating for the company in a report on Tuesday. Morgan Stanley lowered their price target on TaskUs from $19.00 to $13.00 in a report on Tuesday. JPMorgan Chase & Co. decreased their price objective on TaskUs from $25.00 to $16.00 in a report on Tuesday. BTIG Research cut their target price on TaskUs from $30.00 to $23.00 in a research report on Tuesday. Finally, Bank of America downgraded TaskUs from a “buy” rating to an “underperform” rating and cut their target price for the company from $25.00 to $11.00 in a research report on Tuesday.
TaskUs Trading Up 1.3 %
Shares of TaskUs stock opened at $11.33 on Friday. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.58. The company’s 50-day moving average price is $14.07 and its 200-day moving average price is $17.05. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 29.05 and a beta of 2.50. TaskUs has a 12-month low of $11.03 and a 12-month high of $26.73.
TaskUs (NASDAQ:TASK – Get Rating) last issued its earnings results on Monday, February 27th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). TaskUs had a return on equity of 11.78% and a net margin of 4.01%. The firm had revenue of $242.22 million during the quarter, compared to the consensus estimate of $231.71 million. On average, equities analysts expect that TaskUs will post 0.78 earnings per share for the current fiscal year.
Institutional Trading of TaskUs
Several institutional investors have recently bought and sold shares of TASK. SG Americas Securities LLC lifted its position in TaskUs by 8.8% during the fourth quarter. SG Americas Securities LLC now owns 6,949 shares of the company’s stock worth $117,000 after buying an additional 561 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of TaskUs by 2.8% in the 3rd quarter. California State Teachers Retirement System now owns 21,473 shares of the company’s stock valued at $346,000 after purchasing an additional 585 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in TaskUs by 18.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,247 shares of the company’s stock valued at $72,000 after acquiring an additional 654 shares during the last quarter. Credit Suisse AG lifted its holdings in shares of TaskUs by 4.6% in the 4th quarter. Credit Suisse AG now owns 20,434 shares of the company’s stock valued at $345,000 after buying an additional 895 shares during the period. Finally, Advisors Asset Management Inc. purchased a new position in TaskUs in the 1st quarter valued at approximately $42,000. 27.86% of the stock is owned by institutional investors and hedge funds.
TaskUs Company Profile
TaskUs, Inc provides digital outsourcing services for companies worldwide. It offers digital customer experience that consists of omni-channel customer care services primarily delivered through digital channels; and other solutions, including customer care services for new product or market launches, trust and safety solutions, and customer acquisition solutions.