TaskUs, Inc. (NASDAQ:TASK - Get Free Report) saw some unusual options trading on Thursday. Stock traders acquired 3,193 put options on the stock. This represents an increase of 1,123% compared to the typical daily volume of 261 put options.
Insider Activity at TaskUs
In other TaskUs news, COO Stephan Daoust sold 62,159 shares of the firm's 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Steven Amaya sold 75,579 shares of the company's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $18.11, for a total value of $1,368,735.69. The disclosure for this sale can be found here. Insiders have sold 140,338 shares of company stock worth $2,548,902 over the last ninety days. 29.26% of the stock is owned by corporate insiders.
Institutional Trading of TaskUs
A number of hedge funds have recently bought and sold shares of the company. Blue Trust Inc. grew 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 purchasing an additional 699 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of TaskUs by 9.6% in the fourth quarter. Lazard Asset Management LLC now owns 9,972 shares of the company's stock worth $167,000 after buying an additional 873 shares during the last quarter. Jane Street Group LLC grew its position in TaskUs by 9.9% during the third quarter. Jane Street Group LLC now owns 21,761 shares of the company's stock valued at $281,000 after buying an additional 1,959 shares during the period. US Bancorp DE increased its holdings in TaskUs by 101.2% during the third 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 last quarter. Finally, PDT Partners LLC raised its position in TaskUs by 6.8% in the fourth 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 period. Hedge funds and other institutional investors own 44.64% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on TaskUs from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research report on Thursday. 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 report on Friday, December 13th. Robert W. Baird increased their price target on shares of TaskUs from $16.00 to $20.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Finally, Bank of America raised shares of TaskUs from a "neutral" rating to a "buy" rating and set a $18.00 price target for the company in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $17.25.
Read Our Latest Analysis on TASK
TaskUs Stock Performance
Shares of TASK stock traded down $0.88 during trading hours on Monday, reaching $13.23. The company had a trading volume of 607,618 shares, compared to its average volume of 371,405. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.02 and a current ratio of 3.02. The business has a fifty day moving average price of $16.05 and a 200-day moving average price of $14.53. TaskUs has a one year low of $10.56 and a one year high of $19.60. The firm has a market cap of $1.18 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 3.92 and a beta of 2.21.
TaskUs (NASDAQ:TASK - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.12). The company had revenue of $274.24 million during 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%. Sell-side analysts predict that TaskUs will post 0.9 earnings per share for the current fiscal year.
About TaskUs
(
Get Free Report)
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.
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