TaskUs, Inc. (NASDAQ:TASK) Short Interest Update

TaskUs, Inc. (NASDAQ:TASK - Get Free Report) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 1,710,000 shares, a growth of 37.9% from the March 15th total of 1,240,000 shares. Currently, 10.1% of the company's stock are sold short. Based on an average daily volume of 216,800 shares, the short-interest ratio is currently 7.9 days.

TaskUs Stock Performance

NASDAQ TASK traded down $0.05 on Friday, hitting $11.37. 260,743 shares of the stock traded hands, compared to its average volume of 212,986. The business's fifty day moving average is $12.11 and its two-hundred day moving average is $11.74. TaskUs has a 12 month low of $7.95 and a 12 month high of $15.15. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 3.15 and a beta of 2.35. 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 data on Wednesday, February 28th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05. TaskUs had a return on equity of 16.91% and a net margin of 4.94%. The business had revenue of $234.26 million during the quarter, compared to analyst estimates of $225.96 million. As a group, equities analysts anticipate that TaskUs will post 0.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TASK has been the subject of a number of recent research reports. Citigroup boosted their price objective on TaskUs from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, January 17th. Guggenheim began coverage on TaskUs in a report on Tuesday, March 19th. They set a "neutral" rating and a $13.00 price objective for the company. Bank of America upped their target price on TaskUs from $11.00 to $12.00 and gave the company an "underperform" rating in a report on Thursday, February 29th. Finally, Royal Bank of Canada upped their target price on TaskUs from $16.00 to $17.00 and gave the company a "sector perform" rating in a report 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $14.63.

Institutional Investors Weigh In On TaskUs

Several institutional investors have recently made changes to their positions in TASK. Advisors Asset Management Inc. purchased a new stake in shares of TaskUs in the first quarter worth $42,000. Canada Pension Plan Investment Board purchased a new stake in shares of TaskUs in the first quarter worth $108,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of TaskUs in the second quarter worth $61,000. Lazard Asset Management LLC raised its position in shares of TaskUs by 60.0% in the first quarter. Lazard Asset Management LLC now owns 4,000 shares of the company's stock worth $153,000 after buying an additional 1,500 shares in the last quarter. Finally, Quarry LP raised its position in shares of TaskUs by 326.6% in the fourth quarter. Quarry LP now owns 4,321 shares of the company's stock worth $56,000 after buying an additional 3,308 shares in the last quarter. Hedge funds and other institutional investors own 44.64% of the company's stock.

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.