TaskUs (NASDAQ:TASK) PT Lowered to $15.00

TaskUs (NASDAQ:TASK) had its price target trimmed by JPMorgan Chase & Co. from $17.00 to $15.00 in a report issued on Friday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other research analysts have also issued reports on the stock. Royal Bank of Canada upped their target price on shares of TaskUs from $17.00 to $18.00 and gave the company a sector perform rating in a report on Friday, August 9th. Robert W. Baird increased their price target on TaskUs from $14.00 to $16.00 and gave the stock an outperform rating in a research note on Thursday, July 11th. The Goldman Sachs Group initiated coverage on TaskUs in a research report on Monday, June 24th. They issued a sell rating and a $12.00 price objective for the company. Citigroup increased their target price on TaskUs from $18.00 to $19.00 and gave the stock a buy rating in a research report on Monday, August 12th. Finally, Bank of America upgraded TaskUs from an underperform rating to a neutral rating and lifted their price target for the company from $12.00 to $18.00 in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus target price of $15.38.

TaskUs Trading Down 0.3 %

Shares of TASK opened at $12.12 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.23 and a quick ratio of 3.23. TaskUs has a 1-year low of $7.95 and a 1-year high of $17.97. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 3.31 and a beta of 2.30. The firm has a 50 day simple moving average of $14.65 and a 200-day simple moving average of $13.42.

TaskUs (NASDAQ:TASK) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. TaskUs had a return on equity of 16.93% and a net margin of 5.44%. The company had revenue of $237.93 million during the quarter, compared to the consensus estimate of $231.15 million. Equities analysts forecast that TaskUs will post 0.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TASK. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of TaskUs by 55.3% in 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 period. nVerses Capital LLC purchased a new position in TaskUs in the second quarter valued at approximately $28,000. Hsbc Holdings PLC lifted its position in TaskUs by 19.7% during the second quarter. Hsbc Holdings PLC now owns 16,885 shares of the company’s stock valued at $225,000 after buying an additional 2,779 shares in the last quarter. American Century Companies Inc. grew its stake in TaskUs by 11.4% during the second quarter. American Century Companies Inc. now owns 27,976 shares of the company’s stock worth $372,000 after buying an additional 2,863 shares during the period. Finally, Quarry LP increased its position in shares of TaskUs by 326.6% in the fourth quarter. Quarry LP now owns 4,321 shares of the company’s stock worth $56,000 after acquiring an additional 3,308 shares in the last quarter. Institutional investors and hedge funds own 44.64% of the company’s stock.

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.