TaskUs (NASDAQ:TASK) PT Raised to $16.00 at Robert W. Baird

TaskUs (NASDAQ:TASK) had its price objective raised by investment analysts at Robert W. Baird from $14.00 to $16.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price target points to a potential upside of 3.36% from the company’s current price.

A number of other analysts have also issued reports on the company. Citigroup decreased their price target on TaskUs from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. The Goldman Sachs Group began coverage on TaskUs in a research note on Monday, June 24th. They issued a “sell” rating and a $12.00 price target on the stock. Finally, Guggenheim began coverage on TaskUs in a report on Tuesday, March 19th. They issued a “neutral” rating and a $13.00 price objective on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $14.13.

TaskUs Stock Up 4.2 %

TASK opened at $15.48 on Thursday. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.56. The firm has a market cap of $1.36 billion, a P/E ratio of 30.35, a PEG ratio of 5.57 and a beta of 2.32. TaskUs has a 52 week low of $7.95 and a 52 week high of $15.63. The business’s fifty day simple moving average is $13.92 and its 200 day simple moving average is $12.80.

TaskUs (NASDAQ:TASK) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. TaskUs had a return on equity of 16.61% and a net margin of 5.23%. The firm had revenue of $227.47 million for the quarter, compared to analyst estimates of $223.50 million. As a group, equities research analysts anticipate that TaskUs will post 0.83 EPS for the current fiscal year.

Institutional Investors Weigh In On TaskUs

Hedge funds have recently modified their holdings of the stock. Quarry LP raised its holdings in shares of TaskUs by 326.6% during the 4th quarter. Quarry LP now owns 4,321 shares of the company’s stock valued at $56,000 after buying an additional 3,308 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of TaskUs during the 4th quarter valued at about $64,000. Olympiad Research LP purchased a new stake in shares of TaskUs during the 4th quarter valued at about $185,000. Janney Montgomery Scott LLC raised its holdings in shares of TaskUs by 53.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 107,950 shares of the company’s stock valued at $1,258,000 after buying an additional 37,505 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of TaskUs by 145.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 120,920 shares of the company’s stock valued at $1,409,000 after buying an additional 71,621 shares during the period. 44.64% of the stock is currently owned by hedge funds and other 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.