TaskUs (NASDAQ:TASK – Get Free Report) had its target price boosted by investment analysts at Bank of America from $11.00 to $12.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “underperform” rating on the stock. Bank of America‘s price target would indicate a potential downside of 9.16% from the company’s current price.
Several other equities analysts have also recently weighed in on TASK. Citigroup lifted their price objective on TaskUs from $13.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. JPMorgan Chase & Co. boosted their target price on TaskUs from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, November 7th. Finally, Morgan Stanley reduced their target price on shares of TaskUs from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TaskUs has a consensus rating of “Hold” and a consensus target price of $14.86.
Check Out Our Latest Stock Analysis on TaskUs
TaskUs Stock Performance
TaskUs stock opened at $13.21 on Thursday. The stock has a 50-day simple moving average of $12.64 and a 200 day simple moving average of $11.26. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 28.11 and a beta of 2.42. TaskUs has a 12-month low of $7.95 and a 12-month high of $18.46.
Institutional Investors Weigh In On TaskUs
Hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. acquired a new stake in shares of TaskUs in the 1st quarter valued at approximately $42,000. Canada Pension Plan Investment Board acquired a new stake in TaskUs during the 1st quarter worth approximately $108,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in TaskUs during the 2nd quarter worth approximately $61,000. Lazard Asset Management LLC boosted its position in TaskUs by 60.0% during the 1st quarter. Lazard Asset Management LLC now owns 4,000 shares of the company’s stock worth $153,000 after buying an additional 1,500 shares during the period. Finally, Quarry LP lifted its position in shares of TaskUs by 326.6% in the 4th quarter. Quarry LP now owns 4,321 shares of the company’s stock worth $56,000 after purchasing an additional 3,308 shares during the period. 22.69% of the stock is currently owned by institutional investors and hedge funds.
TaskUs Company Profile
TaskUs, Inc provides digital outsourcing services for companies worldwide. It offers digital customer experience that consists of omni-channel customer care services primarily delivered through digital channels; and other solutions, including customer care services for new product or market launches, trust and safety solutions, and customer acquisition solutions.
Read More
Receive News & Ratings for TaskUs Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for TaskUs and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: americanbankingnews.com
