TaskUs (NASDAQ:TASK) Now Covered by The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of TaskUs (NASDAQ:TASK) in a report published on Monday morning, MarketBeat reports. The firm issued a sell rating and a $12.00 price objective on the stock.

Several other equities analysts have also recently issued reports on TASK. Guggenheim started coverage on TaskUs in a report on Tuesday, March 19th. They issued a neutral rating and a $13.00 price objective for the company. Bank of America upped their price target on TaskUs from $11.00 to $12.00 and gave the stock an underperform rating in a report on Thursday, February 29th. Royal Bank of Canada upped their price target on TaskUs from $16.00 to $17.00 and gave the stock a sector perform rating in a report on Thursday, February 29th. Finally, Citigroup reduced their price target on TaskUs from $16.00 to $14.00 and set a buy rating for the company in a report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $13.13.

TaskUs Stock Up 0.5 %

TaskUs stock opened at $12.94 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 3.36 and a current ratio of 3.36. The business’s 50-day simple moving average is $13.33 and its two-hundred day simple moving average is $12.67. The company has a market cap of $1.14 billion, a PE ratio of 25.37, a PEG ratio of 4.83 and a beta of 2.36. TaskUs has a fifty-two week low of $7.95 and a fifty-two week high of $15.40.

TaskUs (NASDAQ:TASK) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $227.47 million for the quarter, compared to the consensus estimate of $223.50 million. TaskUs had a return on equity of 16.61% and a net margin of 5.23%. Equities analysts anticipate that TaskUs will post 0.83 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Lord Abbett & CO. LLC grew its position in TaskUs by 26.5% in the first quarter. Lord Abbett & CO. LLC now owns 744,222 shares of the company’s stock worth $8,670,000 after acquiring an additional 155,751 shares during the period. SG Americas Securities LLC acquired a new position in TaskUs during the fourth quarter worth $2,362,000. Trexquant Investment LP lifted its stake in TaskUs by 25.1% during the third quarter. Trexquant Investment LP now owns 132,416 shares of the company’s stock worth $1,374,000 after purchasing an additional 26,581 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in TaskUs by 145.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 120,920 shares of the company’s stock worth $1,409,000 after purchasing an additional 71,621 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in TaskUs by 53.2% during the first quarter. Janney Montgomery Scott LLC now owns 107,950 shares of the company’s stock worth $1,258,000 after purchasing an additional 37,505 shares in the last quarter. 44.64% of the stock is currently owned by hedge funds and other institutional investors.

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.