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

TaskUs, Inc. (NASDAQ:TASK) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $17.86.

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

Insider Buying and Selling

In related news, insider Jarrod Johnson sold 21,437 shares of TaskUs stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $13.60, for a total value of $291,543.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 29.26% of the company’s stock.

Hedge Funds Weigh In On TaskUs

A number of large investors have recently bought and sold shares of TASK. Blue Trust Inc. lifted its holdings in TaskUs by 71.5% in the fourth quarter. Blue Trust Inc. now owns 1,677 shares of the company’s stock worth $28,000 after acquiring an additional 699 shares during the last quarter. US Bancorp DE lifted its holdings in TaskUs by 101.2% in the third quarter. US Bancorp DE now owns 5,001 shares of the company’s stock worth $65,000 after acquiring an additional 2,516 shares during the last quarter. BNP Paribas Financial Markets bought a new position in TaskUs in the fourth quarter worth about $80,000. KLP Kapitalforvaltning AS bought a new position in TaskUs in the fourth quarter worth about $81,000. Finally, Point72 Asset Management L.P. bought a new position in TaskUs in the fourth quarter worth about $83,000. Institutional investors own 44.64% of the company’s stock.

TaskUs Trading Down 1.2 %

NASDAQ:TASK opened at $13.38 on Monday. The business’s 50-day moving average is $15.13 and its two-hundred day moving average is $14.51. 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 12 month low of $10.56 and a 12 month high of $19.60. The firm has a market capitalization of $1.20 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 3.92 and a beta of 2.24.

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). The business had revenue of $274.24 million for the quarter, compared to analyst estimates of $268.65 million. TaskUs had a net margin of 5.58% and a return on equity of 17.73%. 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.