TaskUs, Inc. (NASDAQ:TASK – Get Free Report)’s share price fell 6.9% during mid-day trading on Friday after JPMorgan Chase & Co. lowered their price target on the stock from $17.00 to $15.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. TaskUs traded as low as $12.32 and last traded at $12.35. 284,131 shares traded hands during trading, an increase of 29% from the average session volume of 220,171 shares. The stock had previously closed at $13.27.
Several other equities research analysts have also recently issued reports on TASK. Royal Bank of Canada lifted their price objective on shares of TaskUs from $17.00 to $18.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. The Goldman Sachs Group initiated coverage on shares of TaskUs in a report on Monday, June 24th. They issued a “sell” rating and a $12.00 target price for the company. Bank of America raised TaskUs from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $12.00 to $18.00 in a research note on Monday, July 22nd. Robert W. Baird raised their target price on shares of TaskUs from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, July 11th. Finally, Citigroup lifted their target price on TaskUs from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, TaskUs has a consensus rating of “Hold” and an average price target of $15.38.
Read Our Latest Research Report on TaskUs
Hedge Funds Weigh In On TaskUs
TaskUs Trading Down 7.7 %
The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.54. The company’s fifty day moving average is $14.70 and its two-hundred day moving average is $13.40. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 3.62 and a beta of 2.30.
TaskUs (NASDAQ:TASK – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20. TaskUs had a net margin of 5.44% and a return on equity of 16.93%. The company had revenue of $237.93 million for the quarter, compared to analysts’ expectations of $231.15 million. On average, research analysts predict that TaskUs, Inc. will post 0.84 EPS for the current fiscal year.
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.
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