TaskUs (NASDAQ:TASK) Reaches New 12-Month High at $14.73

TaskUs, Inc. (NASDAQ:TASK - Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as $14.73 and last traded at $14.71, with a volume of 134654 shares. The stock had previously closed at $14.18.

Wall Street Analyst Weigh In

TASK has been the subject of several recent research reports. Bank of America raised their price target on shares of TaskUs from $11.00 to $12.00 and gave the company an "underperform" rating in a research report on Thursday, February 29th. Guggenheim started coverage on TaskUs in a report on Tuesday, March 19th. They set a "neutral" rating and a $13.00 price target on the stock. Citigroup reduced their price target on TaskUs from $16.00 to $14.00 and set a "buy" rating on the stock in a research report on Monday, April 22nd. Finally, Royal Bank of Canada upped their target price on shares of TaskUs from $16.00 to $17.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, TaskUs has a consensus rating of "Hold" and a consensus target price of $13.29.

TaskUs Stock Up 4.1 %

The firm has a 50-day moving average price of $11.92 and a two-hundred day moving average price of $12.21. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 28.94, a price-to-earnings-growth ratio of 3.75 and a beta of 2.29. The company has a debt-to-equity ratio of 0.58, a quick ratio of 3.23 and a current ratio of 3.23.

TaskUs (NASDAQ:TASK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. The company had revenue of $234.26 million for the quarter, compared to analyst estimates of $225.96 million. TaskUs had a net margin of 5.23% and a return on equity of 16.72%. On average, sell-side analysts forecast that TaskUs, Inc. will post 0.75 earnings per share for the current year.

Institutional Trading of TaskUs

Several institutional investors and hedge funds have recently made changes to their positions in TASK. Barclays PLC increased its position in TaskUs by 1.4% during the third quarter. Barclays PLC now owns 122,377 shares of the company's stock worth $1,270,000 after buying an additional 1,717 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of TaskUs by 3.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 57,793 shares of the company's stock valued at $600,000 after acquiring an additional 1,848 shares during the period. Quarry LP raised its position in TaskUs by 326.6% in the 4th quarter. Quarry LP now owns 4,321 shares of the company's stock valued at $56,000 after purchasing an additional 3,308 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in TaskUs during the 4th quarter worth $64,000. Finally, Transatlantique Private Wealth LLC purchased a new position in TaskUs during the 3rd quarter worth $107,000. 44.64% of the stock is owned by hedge funds and other institutional investors.

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.