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

TaskUs, Inc. (NASDAQ:TASK) has received a consensus rating of “Hold” from the seven analysts that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, one has assigned 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 $16.8750.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. New York State Common Retirement Fund acquired a new stake in shares of TaskUs in the 2nd quarter worth approximately $67,000. Harbor Capital Advisors Inc. acquired a new stake in TaskUs during the first quarter valued at approximately $63,000. BNP Paribas Financial Markets acquired a new stake in TaskUs during the fourth quarter valued at approximately $80,000. Point72 Asset Management L.P. acquired a new stake in shares of TaskUs during the fourth quarter valued at approximately $83,000. Finally, Quarry LP acquired a new stake in shares of TaskUs during the first quarter valued at approximately $83,000. Institutional investors own 44.64% of the company’s stock.

TaskUs Stock Performance

Shares of TASK stock opened at $17.40 on Tuesday. TaskUs has a 12 month low of $10.57 and a 12 month high of $19.60. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.84 and a quick ratio of 2.84. The firm has a market capitalization of $1.56 billion, a P/E ratio of 25.22 and a beta of 2.16. The company’s fifty day moving average price is $17.25 and its two-hundred day moving average price is $15.69.

TaskUs Company Profile

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.