TaskUs (NASDAQ:TASK) Shares Up 5.9%

TaskUs, Inc. (NASDAQ:TASK - Get Free Report)'s share price traded up 5.9% during trading on Monday . The company traded as high as $11.50 and last traded at $11.43. 116,966 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 213,616 shares. The stock had previously closed at $10.79.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Bank of America boosted their price target on TaskUs from $11.00 to $12.00 and gave the company an "underperform" rating in a report on Thursday, February 29th. Citigroup lifted their target price on TaskUs from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, January 17th. Guggenheim initiated coverage on TaskUs in a research report on Tuesday, March 19th. They issued a "neutral" rating and a $13.00 target price on the stock. Finally, Royal Bank of Canada lifted their target price on TaskUs from $16.00 to $17.00 and gave the company a "sector perform" rating in a research report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, TaskUs presently has an average rating of "Hold" and an average target price of $14.63.

TaskUs Trading Up 5.0 %

The business has a 50-day simple moving average of $12.24 and a two-hundred day simple moving average of $11.69. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 24.11, a P/E/G ratio of 2.97 and a beta of 2.35. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.23 and a quick 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.05. The firm had revenue of $234.26 million for the quarter, compared to the consensus estimate of $225.96 million. TaskUs had a return on equity of 16.91% and a net margin of 4.94%. Equities analysts forecast that TaskUs, Inc. will post 0.75 EPS for the current fiscal year.

Institutional Investors Weigh In On TaskUs

Institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. bought a new stake in shares of TaskUs during the first quarter worth approximately $42,000. Canada Pension Plan Investment Board bought a new stake in shares of TaskUs during the first quarter worth approximately $108,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of TaskUs in the second quarter valued at approximately $61,000. Lazard Asset Management LLC boosted its stake 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 valued at $153,000 after buying an additional 1,500 shares during the period. Finally, Quarry LP boosted its stake in shares of TaskUs by 326.6% in the fourth quarter. Quarry LP now owns 4,321 shares of the company's stock valued at $56,000 after buying an additional 3,308 shares during the period. Institutional investors own 44.64% of the company's stock.

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.