Royal Bank Of Canada Forecasts Strong Price Appreciation for TaskUs (NASDAQ:TASK) Stock

TaskUs (NASDAQ:TASK) had its target price boosted by equities research analysts at Royal Bank Of Canada from $16.50 to $17.00 in a report issued on Monday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 37.43% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Weiss Ratings reissued a “hold (c)” rating on shares of TaskUs in a report on Wednesday, October 8th. Morgan Stanley downgraded TaskUs from an “overweight” rating to an “equal weight” rating and lowered their target price for the company 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. Baird R W upgraded shares of TaskUs from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Finally, Robert W. Baird upped their target price on shares of TaskUs from $16.50 to $18.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.38.

TaskUs Stock Down 5.2%

Shares of TASK traded down $0.68 on Monday, hitting $12.37. 245,359 shares of the stock traded hands, compared to its average volume of 424,083. The company has a market capitalization of $1.11 billion, a PE ratio of 13.78 and a beta of 2.12. TaskUs has a one year low of $11.26 and a one year high of $18.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.84 and a current ratio of 2.84. The business has a 50 day simple moving average of $15.72 and a 200 day simple moving average of $16.28.

TaskUs (NASDAQ:TASK) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. The firm had revenue of $298.71 million during the quarter, compared to analysts’ expectations of $286.71 million. TaskUs had a return on equity of 21.75% and a net margin of 7.11%. TaskUs has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts forecast that TaskUs will post 0.9 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TaskUs

A number of hedge funds have recently bought and sold shares of TASK. Inspire Investing LLC bought a new position in TaskUs during the first quarter valued at $345,000. AlphaQuest LLC grew its stake in TaskUs by 1,153.0% in the 1st quarter. AlphaQuest LLC now owns 23,845 shares of the company’s stock worth $325,000 after acquiring an additional 21,942 shares in the last quarter. Tocqueville Asset Management L.P. bought a new stake in TaskUs during the 1st quarter valued at $2,576,000. Algert Global LLC bought a new position in TaskUs during the 1st quarter worth about $418,000. Finally, Think Investments LP increased its holdings in TaskUs by 12.9% during the first quarter. Think Investments LP now owns 3,253,358 shares of the company’s stock valued at $44,343,000 after buying an additional 371,845 shares during the period. Hedge funds and other institutional investors own 44.64% of the company’s stock.

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.