TaskUs, Inc. (NASDAQ:TASK) Given Consensus Rating of “Hold” by Analysts

TaskUs, Inc. (NASDAQ:TASK) has received an average rating of “Hold” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $17.00.

TASK has been the subject of several recent analyst reports. Robert W. Baird raised their target price on shares of TaskUs from $16.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Morgan Stanley raised TaskUs from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $18.00 to $21.00 in a research report on Friday, December 13th. Finally, Bank of America upgraded TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Monday, December 9th.

TaskUs Stock Down 2.7 %

TASK stock opened at $16.64 on Friday. TaskUs has a twelve month low of $10.56 and a twelve month high of $19.60. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 28.20, a P/E/G ratio of 4.54 and a beta of 2.23. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average price of $16.02 and a two-hundred day moving average price of $14.55.

TaskUs (NASDAQ:TASK) last released its earnings results on Thursday, November 7th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.06). TaskUs had a net margin of 5.58% and a return on equity of 17.73%. The firm had revenue of $255.35 million during the quarter, compared to the consensus estimate of $245.24 million. During the same period in the prior year, the business posted $0.19 earnings per share. Analysts anticipate that TaskUs will post 0.9 EPS for the current fiscal year.

Insider Transactions at TaskUs

In other TaskUs news, CAO Steven Amaya sold 2,600 shares of TaskUs stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $18.08, for a total value of $47,008.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Stephan Daoust sold 62,159 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $18.23, for a total transaction of $1,133,158.57. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 140,338 shares of company stock worth $2,548,902. Company insiders own 29.26% of the company’s stock.

Hedge Funds Weigh In On TaskUs

A number of hedge funds have recently added to or reduced their stakes in the stock. Seldon Capital LP acquired a new stake in shares of TaskUs during the 3rd quarter worth $5,393,000. SG Americas Securities LLC lifted its position in TaskUs by 217.0% during the fourth quarter. SG Americas Securities LLC now owns 350,719 shares of the company’s stock worth $5,941,000 after purchasing an additional 240,093 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in TaskUs by 47.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 263,734 shares of the company’s stock worth $3,407,000 after buying an additional 84,988 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in TaskUs during the third quarter worth about $1,006,000. Finally, Royce & Associates LP increased its holdings in TaskUs by 8.9% in the 3rd quarter. Royce & Associates LP now owns 669,579 shares of the company’s stock valued at $8,651,000 after buying an additional 54,770 shares during the period. Institutional investors own 44.64% of the company’s stock.

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.