TaskUs (TASK) Projected to Post Earnings on Wednesday

TaskUs (NASDAQ:TASK) is projected to release its earnings data after the market closes on Wednesday, February 26th. Analysts expect TaskUs to post earnings of $0.34 per share and revenue of $268.65 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

TaskUs Stock Performance

Shares of NASDAQ:TASK opened at $15.04 on Wednesday. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 4.19 and a beta of 2.21. The company has a 50-day moving average price of $16.37 and a 200-day moving average price of $14.53. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.50. TaskUs has a 12 month low of $10.56 and a 12 month high of $19.60.

Insiders Place Their Bets

In other TaskUs news, CAO Steven Amaya sold 2,600 shares of the company’s 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 SEC, which is available at the SEC website. Also, COO Stephan Daoust sold 62,159 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was 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. 29.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Morgan Stanley upgraded shares of TaskUs from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $18.00 to $21.00 in a research report on Friday, December 13th. Robert W. Baird boosted their price target on shares of TaskUs from $16.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Bank of America upgraded shares of TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Monday, December 9th. One 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $17.00.

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.