TaskUs (NASDAQ:TASK – Get Rating) had its price target dropped by stock analysts at Wells Fargo & Company from $17.00 to $16.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an "underweight" rating on the stock. Wells Fargo & Company's target price would suggest a potential downside of 22.85% from the company's previous close.
Other equities research analysts have also issued research reports about the company. Robert W. Baird reduced their target price on TaskUs from $24.00 to $22.00 in a research note on Wednesday, December 14th. Morgan Stanley dropped their price objective on TaskUs from $20.00 to $19.00 and set an "equal weight" rating on the stock in a report on Tuesday. BTIG Research lowered their target price on shares of TaskUs to $30.00 in a research note on Tuesday, November 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of TaskUs from $24.00 to $25.00 in a research note on Thursday, December 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $23.13.
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TaskUs Stock Up 0.1 %
TASK opened at $20.74 on Tuesday. The stock has a market capitalization of $2.02 billion, a P/E ratio of 51.85, a price-to-earnings-growth ratio of 1.59 and a beta of 2.66. TaskUs has a one year low of $13.60 and a one year high of $41.87. The business's 50-day simple moving average is $18.05 and its 200-day simple moving average is $17.95. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.07 and a current ratio of 3.07.
Hedge Funds Weigh In On TaskUs
Several institutional investors and hedge funds have recently modified their holdings of the business. B. Metzler seel. Sohn & Co. AG raised its holdings in TaskUs by 72.3% during the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 20,423 shares of the company's stock worth $344,000 after purchasing an additional 8,572 shares during the last quarter. Eagle Asset Management Inc. increased its position in shares of TaskUs by 4.9% during the third quarter. Eagle Asset Management Inc. now owns 693,352 shares of the company's stock valued at $11,162,000 after buying an additional 32,131 shares during the period. Homestead Advisers Corp increased its position in shares of TaskUs by 87.3% during the third quarter. Homestead Advisers Corp now owns 143,500 shares of the company's stock valued at $2,310,000 after buying an additional 66,900 shares during the period. Victory Capital Management Inc. raised its position in TaskUs by 293.2% during the second quarter. Victory Capital Management Inc. now owns 79,683 shares of the company's stock valued at $1,343,000 after purchasing an additional 59,420 shares in the last quarter. Finally, Mawer Investment Management Ltd. boosted its stake in shares of TaskUs by 30.6% in the 2nd quarter. Mawer Investment Management Ltd. now owns 29,437 shares of the company's stock valued at $496,000 after purchasing an additional 6,900 shares in the last quarter. 27.86% of the stock is currently owned by institutional investors and hedge funds.
TaskUs Company Profile
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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.
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