TaskUs, Inc. (NASDAQ:TASK) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of TaskUs, Inc. (NASDAQ:TASK) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $17.25.

Several equities research analysts recently commented on TASK shares. Robert W. Baird lifted their price objective on TaskUs from $16.50 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Zacks Research upgraded TaskUs from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 20th. Baird R W upgraded TaskUs from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Morgan Stanley downgraded TaskUs from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $21.00 to $16.50 in a report on Tuesday, September 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of TaskUs in a report on Wednesday, October 8th.

TaskUs Price Performance

TASK opened at $12.63 on Wednesday. The stock has a 50-day moving average price of $16.00 and a 200-day moving average price of $16.28. 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 cap of $1.14 billion, a PE ratio of 18.30 and a beta of 2.12. TaskUs has a 1 year low of $11.26 and a 1 year high of $19.60.

Institutional Investors Weigh In On TaskUs

Several large investors have recently bought and sold shares of the business. New York State Common Retirement Fund bought a new stake in shares of TaskUs during the 2nd quarter valued at about $67,000. Harbor Capital Advisors Inc. grew its stake in shares of TaskUs by 21.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 4,994 shares of the company’s stock valued at $89,000 after purchasing an additional 896 shares during the period. Quarry LP bought a new stake in shares of TaskUs during the 1st quarter valued at about $83,000. OMERS ADMINISTRATION Corp bought a new stake in shares of TaskUs during the 2nd quarter valued at about $211,000. Finally, Voya Investment Management LLC bought a new stake in shares of TaskUs during the 1st quarter valued at about $178,000. 44.64% of the stock is currently owned by 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.