TaskUs (NASDAQ:TASK) Given New $20.00 Price Target at Robert W. Baird

TaskUs (NASDAQ:TASK) had its price target upped by Robert W. Baird from $16.00 to $20.00 in a research note released on Friday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other research firms also recently weighed in on TASK. 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. Citigroup raised their price objective on TaskUs from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, August 12th. JPMorgan Chase & Co. cut their price objective on TaskUs from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, September 6th. Finally, Royal Bank of Canada raised their price objective on TaskUs from $17.00 to $18.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $16.43.

TaskUs Stock Up 21.8 %

Shares of TASK traded up $3.39 during midday trading on Friday, reaching $18.94. 927,088 shares of the stock were exchanged, compared to its average volume of 221,896. TaskUs has a 12-month low of $10.56 and a 12-month high of $19.60. The firm has a 50 day simple moving average of $12.70 and a 200-day simple moving average of $13.63. 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 has a market cap of $1.68 billion, a price-to-earnings ratio of 34.44, a P/E/G ratio of 3.87 and a beta of 2.28.

TaskUs (NASDAQ:TASK) last posted its quarterly earnings results 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 return on equity of 16.93% and a net margin of 5.44%. The company had revenue of $237.93 million during the quarter, compared to the consensus estimate of $231.15 million. Research analysts forecast that TaskUs will post 0.87 EPS for the current year.

Institutional Trading of TaskUs

Institutional investors have recently modified their holdings of the company. Lord Abbett & CO. LLC grew its holdings in shares of TaskUs by 26.5% during the 1st quarter. Lord Abbett & CO. LLC now owns 744,222 shares of the company’s stock worth $8,670,000 after purchasing an additional 155,751 shares in the last quarter. Jacobs Levy Equity Management Inc. grew 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 worth $1,409,000 after purchasing an additional 71,621 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in TaskUs by 53.2% in 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 in the last quarter. LSV Asset Management acquired a new stake in TaskUs in the 2nd quarter valued at $990,000. Finally, Dimensional Fund Advisors LP boosted its stake in TaskUs by 15.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 392,504 shares of the company’s stock valued at $5,224,000 after buying an additional 51,935 shares in the last quarter. Institutional investors and hedge funds own 44.64% of the company’s stock.

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.