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

Shares of TaskUs, Inc. (NASDAQ:TASK) have been assigned an average recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $17.25.

Several analysts have recently weighed in on TASK shares. 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 report on Monday, December 9th. Royal Bank of Canada raised their price target on TaskUs from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Thursday, February 27th. Finally, Morgan Stanley upgraded TaskUs from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $18.00 to $21.00 in a research note on Friday, December 13th.

Insider Transactions at TaskUs

In other news, insider Jarrod Johnson sold 15,460 shares of the business’s 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 29.26% of the company’s stock.

Institutional Investors Weigh In On TaskUs

Large investors have recently modified their holdings of the business. Blue Trust Inc. lifted its holdings in shares of TaskUs by 71.5% during the fourth quarter. Blue Trust Inc. now owns 1,677 shares of the company’s stock worth $28,000 after purchasing an additional 699 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of TaskUs by 9.6% during the fourth quarter. Lazard Asset Management LLC now owns 9,972 shares of the company’s stock worth $167,000 after purchasing an additional 873 shares during the period. Jane Street Group LLC lifted its holdings in shares of TaskUs by 9.9% during the third quarter. Jane Street Group LLC now owns 21,761 shares of the company’s stock worth $281,000 after purchasing an additional 1,959 shares during the period. US Bancorp DE lifted its holdings in shares of TaskUs by 101.2% during the third quarter. US Bancorp DE now owns 5,001 shares of the company’s stock worth $65,000 after purchasing an additional 2,516 shares during the period. Finally, PDT Partners LLC lifted its holdings in shares of TaskUs by 6.8% during the fourth quarter. PDT Partners LLC now owns 45,189 shares of the company’s stock worth $766,000 after purchasing an additional 2,893 shares during the period. Hedge funds and other institutional investors own 44.64% of the company’s stock.

TaskUs Stock Up 3.4 %

Shares of TASK opened at $13.67 on Monday. The company has a market cap of $1.23 billion, a PE ratio of 23.17, a P/E/G ratio of 3.92 and a beta of 2.24. The business has a fifty day moving average of $15.34 and a 200 day moving average of $14.50. TaskUs has a 52-week low of $10.56 and a 52-week high of $19.60. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.50.

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

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.