TaskUs, Inc. (NASDAQ:TASK – Get Free Report) has earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $9.60.
A number of research analysts recently commented on TASK shares. Morgan Stanley boosted their price target on TaskUs from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 11th. Weiss Ratings upgraded TaskUs from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, October 19th. Robert W. Baird set a $12.00 price objective on shares of TaskUs in a report on Thursday, August 6th. Wall Street Zen raised shares of TaskUs from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Wedbush lowered their target price on shares of TaskUs from $12.00 to $9.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th.
Check Out Our Latest Research Report on TASK
Hedge Funds Weigh In On TaskUs
A number of institutional investors and hedge funds have recently modified their holdings of TASK. Squarepoint Ops LLC bought a new stake in TaskUs in the second quarter worth about $148,000. Alamar Capital Management LLC bought a new position in shares of TaskUs during the second quarter valued at approximately $80,000. Bank of America Corp DE raised its holdings in shares of TaskUs by 2,573.2% in the first quarter. Bank of America Corp DE now owns 106,475 shares of the company’s stock worth $714,000 after buying an additional 102,492 shares during the period. Saba Capital Management L.P. purchased a new stake in shares of TaskUs in the first quarter worth approximately $14,016,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of TaskUs in the first quarter worth approximately $242,000. Hedge funds and other institutional investors own 44.64% of the company’s stock.
TaskUs Stock Down 2.9%
NASDAQ:TASK opened at $8.28 on Wednesday. The business’s 50-day simple moving average is $8.12 and its two-hundred day simple moving average is $7.85. TaskUs has a 52 week low of $4.47 and a 52 week high of $14.32. The stock has a market cap of $759.17 million, a PE ratio of 7.14 and a beta of 1.83.
TaskUs (NASDAQ:TASK – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The business had revenue of $308.86 million during the quarter, compared to the consensus estimate of $297.58 million. Sell-side analysts anticipate that TaskUs will post 1.10 earnings per share for the current fiscal year.
About TaskUs
TaskUs, Inc (NASDAQ: TASK) is a provider of digital outsourcing and customer experience services for technology companies and other high-growth businesses. The company helps clients manage customer interactions, back-office operations and other business processes through a combination of trained personnel, technology and data-driven workflows.
Its services include customer care, technical support, content moderation, trust and safety, fraud prevention, artificial intelligence operations and back-office support.
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