TaskUs, Inc. (NASDAQ:TASK) Short Interest Update

TaskUs, Inc. (NASDAQ:TASKGet Free Report) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,710,000 shares, a growth of 37.9% from the March 15th total of 1,240,000 shares. Based on an average trading volume of 216,800 shares, the short-interest ratio is currently 7.9 days. Currently, 10.1% of the shares of the company are sold short.

Analyst Ratings Changes

TASK has been the topic of several recent research reports. Royal Bank of Canada lifted their price objective on shares of TaskUs from $16.00 to $17.00 and gave the company a “sector perform” rating in a research report on Thursday, February 29th. Guggenheim started coverage on TaskUs in a research report on Tuesday, March 19th. They set a “neutral” rating and a $13.00 price objective for the company. Bank of America raised their target price on TaskUs from $11.00 to $12.00 and gave the company an “underperform” rating in a research report on Thursday, February 29th. Finally, Citigroup boosted their price target on TaskUs from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $14.63.

View Our Latest Stock Report on TaskUs

Hedge Funds Weigh In On TaskUs

Several hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its holdings in TaskUs by 72.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 130,724 shares of the company’s stock worth $1,709,000 after buying an additional 54,763 shares in the last quarter. Quarry LP lifted its position in shares of TaskUs by 326.6% during the 4th quarter. Quarry LP now owns 4,321 shares of the company’s stock valued at $56,000 after acquiring an additional 3,308 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of TaskUs during the 4th quarter worth $1,469,000. Voya Investment Management LLC acquired a new position in shares of TaskUs in the 4th quarter worth $142,000. Finally, Prelude Capital Management LLC raised its position in shares of TaskUs by 12.7% during the fourth quarter. Prelude Capital Management LLC now owns 125,358 shares of the company’s stock worth $1,638,000 after purchasing an additional 14,162 shares during the period. Institutional investors and hedge funds own 44.64% of the company’s stock.

TaskUs Stock Performance

TASK opened at $11.37 on Monday. TaskUs has a 1-year low of $7.95 and a 1-year high of $15.15. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 24.19, a price-to-earnings-growth ratio of 3.13 and a beta of 2.35. The business has a 50 day moving average price of $12.11 and a two-hundred day moving average price of $11.75. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.23 and a quick ratio of 3.23.

TaskUs (NASDAQ:TASKGet Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05. The business had revenue of $234.26 million during the quarter, compared to analyst estimates of $225.96 million. TaskUs had a return on equity of 16.91% and a net margin of 4.94%. Research analysts predict that TaskUs will post 0.75 EPS for the current fiscal year.

TaskUs Company Profile

(Get Free Report)

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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