TaskUs, Inc. (NASDAQ:TASK) Given Consensus Recommendation of “Hold” by Brokerages

TaskUs, Inc. (NASDAQ:TASK) has received a consensus recommendation of “Hold” from the eight analysts that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $17.67.

Several equities analysts have commented on the stock. Baird R W downgraded shares of TaskUs from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 12th. William Blair downgraded shares of TaskUs from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. Robert W. Baird downgraded shares of TaskUs from an “outperform” rating to a “neutral” rating and set a $16.50 target price for the company. in a research note on Monday, May 12th. Finally, Royal Bank Of Canada lowered their target price on shares of TaskUs from $20.00 to $16.50 and set a “sector perform” rating for the company in a research note on Monday, May 12th.

TaskUs Stock Performance

NASDAQ:TASK opened at $16.78 on Wednesday. The company has a fifty day simple moving average of $15.66 and a two-hundred day simple moving average of $15.28. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 27.51 and a beta of 2.19. The company has a quick ratio of 2.87, a current ratio of 2.87 and a debt-to-equity ratio of 0.45. TaskUs has a 52 week low of $10.57 and a 52 week high of $19.60.

Institutional Investors Weigh In On TaskUs

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in shares of TaskUs during the fourth quarter worth about $408,000. Two Sigma Investments LP grew its holdings in shares of TaskUs by 25.5% during the fourth quarter. Two Sigma Investments LP now owns 281,864 shares of the company’s stock worth $4,775,000 after buying an additional 57,248 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in TaskUs by 5.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 471,011 shares of the company’s stock worth $7,979,000 after purchasing an additional 23,713 shares in the last quarter. Bank of America Corp DE raised its holdings in TaskUs by 95.8% during the fourth quarter. Bank of America Corp DE now owns 68,783 shares of the company’s stock worth $1,165,000 after purchasing an additional 33,661 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in TaskUs during the fourth quarter worth about $265,000. 44.64% of the stock is owned by hedge funds and other institutional investors.

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.