TaskUs, Inc. (NASDAQ:TASK) Receives Average Recommendation of “Hold” from Analysts

Shares of TaskUs, Inc. (NASDAQ:TASK) have been assigned an average rating of “Hold” from the eight research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $17.25.

Several brokerages recently commented on TASK. Morgan Stanley upgraded TaskUs from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $18.00 to $21.00 in a research report on Friday, December 13th. Bank of America upgraded TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Monday, December 9th. Finally, Royal Bank of Canada upped their target price on TaskUs from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Thursday, February 27th.

TaskUs Trading Up 3.4 %

Shares of TASK stock opened at $13.67 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.02 and a quick ratio of 3.02. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 3.92 and a beta of 2.24. The stock has a 50 day simple moving average of $15.34 and a 200-day simple moving average of $14.50. TaskUs has a 1-year low of $10.56 and a 1-year high of $19.60.

TaskUs (NASDAQ:TASK) last announced its earnings results on Wednesday, February 26th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.12). TaskUs had a return on equity of 17.73% and a net margin of 5.58%. The business had revenue of $274.24 million for the quarter, compared to analyst estimates of $268.65 million. On average, equities research analysts expect that TaskUs will post 0.9 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jarrod Johnson sold 15,460 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $13.25, for a total transaction of $204,845.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 29.26% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TaskUs

Hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. raised its position in TaskUs by 71.5% in the 4th quarter. Blue Trust Inc. now owns 1,677 shares of the company’s stock valued at $28,000 after purchasing an additional 699 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in TaskUs in the 4th quarter valued at about $80,000. KLP Kapitalforvaltning AS acquired a new stake in TaskUs in the 4th quarter valued at about $81,000. Point72 Asset Management L.P. acquired a new stake in TaskUs in the 4th quarter valued at about $83,000. Finally, US Bancorp DE raised its position in TaskUs by 101.2% in the 3rd quarter. US Bancorp DE now owns 5,001 shares of the company’s stock valued at $65,000 after purchasing an additional 2,516 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.