Citigroup Lowers TaskUs (NASDAQ:TASK) Price Target to $14.00

TaskUs (NASDAQ:TASK) had its target price trimmed by Citigroup from $16.00 to $14.00 in a research report released on Monday, Benzinga reports. The firm currently has a buy rating on the stock.

TASK has been the topic of several other reports. Royal Bank of Canada increased their price target on shares of TaskUs from $16.00 to $17.00 and gave the company a sector perform rating in a research note on Thursday, February 29th. Guggenheim assumed coverage on shares of TaskUs in a research report on Tuesday, March 19th. They set a neutral rating and a $13.00 price target on the stock. Finally, Bank of America lifted their price target on shares of TaskUs from $11.00 to $12.00 and gave the stock an underperform rating in a research report on Thursday, February 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $14.50.

TaskUs Stock Up 1.9 %

TASK stock opened at $11.36 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.23 and a quick ratio of 3.23. The company has a 50-day moving average of $11.91 and a two-hundred day moving average of $11.81. TaskUs has a 52-week low of $7.95 and a 52-week high of $14.67. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 3.04 and a beta of 2.35.

TaskUs (NASDAQ:TASK) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.05. TaskUs had a net margin of 4.94% and a return on equity of 16.91%. The firm had revenue of $234.26 million during the quarter, compared to analyst estimates of $225.96 million. As a group, equities research analysts anticipate that TaskUs will post 0.75 EPS for the current year.

Institutional Investors Weigh In On TaskUs

A number of institutional investors have recently modified their holdings of the company. Quarry LP lifted its stake in shares of TaskUs by 326.6% in the fourth quarter. Quarry LP now owns 4,321 shares of the company’s stock valued at $56,000 after buying an additional 3,308 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in TaskUs in the fourth quarter worth $64,000. Transatlantique Private Wealth LLC purchased a new position in TaskUs in the third quarter worth $107,000. Olympiad Research LP purchased a new position in TaskUs in the fourth quarter worth $185,000. Finally, Paradigm Capital Management Inc. NY purchased a new position in shares of TaskUs during the 3rd quarter valued at $208,000. 44.64% of the stock is owned by 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.