TaskUs, Inc. (NASDAQ:TASK) Insider Sells $204,845.00 in Stock

TaskUs, Inc. (NASDAQ:TASK - Get Free Report) insider Jarrod Johnson sold 15,460 shares of TaskUs stock in a transaction that occurred on 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 SEC, which can be accessed through this link.

TaskUs Stock Performance

TASK traded up $0.22 during trading on Monday, reaching $13.89. 114,943 shares of the company's stock were exchanged, compared to its average volume of 381,369. TaskUs, Inc. has a 1 year low of $10.56 and a 1 year high of $19.60. 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 stock has a market capitalization of $1.25 billion, a P/E ratio of 23.53, a price-to-earnings-growth ratio of 3.92 and a beta of 2.24. The company's fifty day simple moving average is $15.34 and its 200-day simple moving average is $14.50.

TaskUs (NASDAQ:TASK - Get Free Report) last posted 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 firm had revenue of $274.24 million for the quarter, compared to analysts' expectations of $268.65 million. TaskUs had a net margin of 5.58% and a return on equity of 17.73%. As a group, research analysts predict that TaskUs, Inc. will post 0.9 earnings per share for the current fiscal year.

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Institutional Investors Weigh In On TaskUs

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE raised its holdings in TaskUs by 101.2% in 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 during the period. Victory Capital Management Inc. purchased a new stake in TaskUs during the third quarter worth about $223,000. Cornercap Investment Counsel Inc. purchased a new stake in TaskUs during the third quarter worth about $230,000. Royce & Associates LP increased its stake in TaskUs by 8.9% during the third quarter. Royce & Associates LP now owns 669,579 shares of the company's stock worth $8,651,000 after purchasing an additional 54,770 shares during the period. Finally, Quest Partners LLC grew its position in shares of TaskUs by 208.9% during the third quarter. Quest Partners LLC now owns 19,569 shares of the company's stock worth $253,000 after buying an additional 13,233 shares in the last quarter. Institutional investors and hedge funds own 44.64% of the company's stock.

Wall Street Analyst Weigh In

TASK has been the topic of several recent analyst reports. Bank of America upgraded shares of TaskUs from a "neutral" rating to a "buy" rating and set a $18.00 price objective on the stock in a research report on Monday, December 9th. Royal Bank of Canada boosted their price objective on shares of TaskUs from $18.00 to $20.00 and gave the company a "sector perform" rating in a research report on Thursday, February 27th. Finally, Morgan Stanley upgraded shares of TaskUs from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $18.00 to $21.00 in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $17.25.

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.