TaskUs, Inc. (NASDAQ:TASK) Given Consensus Rating of "Hold" by Brokerages

TaskUs, Inc. (NASDAQ:TASK - Get Free Report) has earned an average recommendation of "Hold" from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $17.86.

Several research firms recently commented on TASK. Bank of America upgraded shares of 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. Morgan Stanley upgraded shares of TaskUs from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $18.00 to $21.00 in a research note on Friday, December 13th. Finally, Royal Bank of Canada increased their price objective on shares of TaskUs from $18.00 to $20.00 and gave the company a "sector perform" rating in a research note on Thursday, February 27th.

Insider Buying and Selling

In related news, insider Jarrod Johnson sold 15,460 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $13.25, for a total transaction of $204,845.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 29.26% of the stock is currently owned by corporate insiders.

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Institutional Investors Weigh In On TaskUs

A number of hedge funds have recently made changes to their positions in TASK. Blue Trust Inc. grew its holdings in TaskUs by 71.5% during the 4th 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. Lazard Asset Management LLC grew its holdings in TaskUs by 9.6% during the 4th quarter. Lazard Asset Management LLC now owns 9,972 shares of the company's stock worth $167,000 after acquiring an additional 873 shares during the last quarter. Jane Street Group LLC grew its holdings in TaskUs by 9.9% during the 3rd quarter. Jane Street Group LLC now owns 21,761 shares of the company's stock worth $281,000 after acquiring an additional 1,959 shares during the last quarter. US Bancorp DE grew its holdings in TaskUs by 101.2% during the 3rd 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. Finally, PDT Partners LLC grew its holdings in TaskUs by 6.8% during the 4th quarter. PDT Partners LLC now owns 45,189 shares of the company's stock worth $766,000 after acquiring an additional 2,893 shares during the last quarter. Institutional investors and hedge funds own 44.64% of the company's stock.

TaskUs Stock Performance

Shares of NASDAQ TASK traded down $0.18 during trading hours on Monday, hitting $13.52. 139,252 shares of the stock were exchanged, compared to its average volume of 254,893. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.02 and a quick ratio of 3.02. The company's 50 day moving average is $15.20 and its 200 day moving average is $14.49. The firm has a market capitalization of $1.22 billion, a P/E ratio of 22.92, a P/E/G ratio of 3.92 and a beta of 2.24. TaskUs has a one year low of $10.56 and a one year high of $19.60.

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