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

TaskUs, Inc. (NASDAQ:TASK) has earned an average rating of “Hold” from the eight research firms that are covering the stock, MarketBeat reports. One 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 twelve-month price target among brokerages that have issued a report on the stock in the last year is $17.00.

A number of research firms recently weighed in on TASK. Robert W. Baird upped their target price on shares of TaskUs from $16.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Morgan Stanley raised shares of TaskUs from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $18.00 to $21.00 in a research report on Friday, December 13th. Finally, Bank of America raised shares of TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Monday, December 9th.

Insider Activity

In other news, COO Stephan Daoust sold 62,159 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $18.23, for a total transaction of $1,133,158.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Steven Amaya sold 75,579 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $18.11, for a total transaction of $1,368,735.69. The disclosure for this sale can be found here. Insiders sold 140,338 shares of company stock valued at $2,548,902 in the last three months. Company insiders own 29.26% of the company’s stock.

Institutional Trading of TaskUs

A number of institutional investors have recently modified their holdings of TASK. Blue Trust Inc. lifted its stake in shares of TaskUs by 71.5% during the 4th quarter. Blue Trust Inc. now owns 1,677 shares of the company’s stock valued at $28,000 after buying an additional 699 shares in the last quarter. US Bancorp DE lifted its stake in shares of TaskUs by 101.2% during the 3rd quarter. US Bancorp DE now owns 5,001 shares of the company’s stock valued at $65,000 after buying an additional 2,516 shares in the last quarter. CWM LLC lifted its stake in shares of TaskUs by 25,053.3% during the 3rd quarter. CWM LLC now owns 7,546 shares of the company’s stock valued at $97,000 after buying an additional 7,516 shares in the last quarter. Quantbot Technologies LP lifted its stake in shares of TaskUs by 186.7% during the 3rd quarter. Quantbot Technologies LP now owns 9,428 shares of the company’s stock valued at $122,000 after buying an additional 6,140 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new stake in TaskUs in the 3rd quarter worth approximately $139,000. 44.64% of the stock is currently owned by hedge funds and other institutional investors.

TaskUs Trading Up 1.6 %

TASK opened at $16.92 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.02 and a quick ratio of 3.02. TaskUs has a fifty-two week low of $10.56 and a fifty-two week high of $19.60. The firm has a market capitalization of $1.51 billion, a PE ratio of 28.68, a P/E/G ratio of 4.54 and a beta of 2.23. The company’s 50-day moving average is $16.21 and its 200 day moving average is $14.60.

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

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.