TaskUs, Inc. (NASDAQ:TASK) Receives $17.00 Average PT from Analysts

Shares of TaskUs, Inc. (NASDAQ:TASK - Get Free Report) have earned an average rating of "Hold" from the eight research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $17.00.

Several analysts have commented on the stock. Morgan Stanley raised shares of TaskUs from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $18.00 to $21.00 in a research note on Friday, December 13th. Bank of America raised 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. Finally, Robert W. Baird increased their target price on TaskUs from $16.00 to $20.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th.

Insider Transactions at TaskUs

In other news, 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 value of $1,133,158.57. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Steven Amaya sold 75,579 shares of the company's stock in a transaction on Friday, December 13th. The stock was 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. In the last 90 days, insiders have sold 140,338 shares of company stock valued at $2,548,902. Corporate insiders own 29.26% of the company's stock.

Institutional Trading of TaskUs

Institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. lifted its stake in shares of TaskUs by 71.5% in the fourth quarter. Blue Trust Inc. now owns 1,677 shares of the company's stock valued at $28,000 after buying an additional 699 shares during the period. Lazard Asset Management LLC increased its position in shares of 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 purchasing an additional 873 shares in the last quarter. Jane Street Group LLC raised its position in TaskUs by 9.9% in the 3rd quarter. Jane Street Group LLC now owns 21,761 shares of the company's stock valued at $281,000 after purchasing an additional 1,959 shares during the last quarter. US Bancorp DE lifted its position 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 in the last quarter. Finally, PDT Partners LLC lifted its stake in shares of TaskUs by 6.8% during the fourth quarter. PDT Partners LLC now owns 45,189 shares of the company's stock valued at $766,000 after acquiring an additional 2,893 shares during the period. 44.64% of the stock is currently owned by institutional investors and hedge funds.

TaskUs Price Performance

NASDAQ:TASK traded down $0.24 during mid-day trading on Thursday, hitting $14.37. 525,658 shares of the company's stock traded hands, compared to its average volume of 256,809. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.02 and a current ratio of 3.02. TaskUs has a 1 year low of $10.56 and a 1 year high of $19.60. The company has a market cap of $1.28 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 3.92 and a beta of 2.21. The firm's 50 day simple moving average is $16.23 and its 200 day simple moving average is $14.53.

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.