TaskUs, Inc. (NASDAQ:TASK) Receives Average Rating of "Hold" from Brokerages

Shares of TaskUs, Inc. (NASDAQ:TASK - Get Free Report) have received a consensus rating of "Hold" from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $17.86.

Separately, Royal Bank of Canada boosted their target price on TaskUs from $18.00 to $20.00 and gave the company a "sector perform" rating in a research report on Thursday, February 27th.

TaskUs Trading Up 17.2%

Shares of TASK stock traded up $2.47 during mid-day trading on Tuesday, hitting $16.85. The company's stock had a trading volume of 7,547,384 shares, compared to its average volume of 297,398. The company's fifty day simple moving average is $13.37 and its 200-day simple moving average is $14.76. TaskUs has a 52 week low of $10.57 and a 52 week high of $19.60. 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 company has a market cap of $1.52 billion, a PE ratio of 28.56, a P/E/G ratio of 3.92 and a beta of 2.16.

TaskUs (NASDAQ:TASK - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). TaskUs had a return on equity of 17.73% and a net margin of 5.58%. The business had revenue of $277.79 million during the quarter, compared to the consensus estimate of $271.06 million. As a group, equities research analysts expect that TaskUs will post 0.9 earnings per share for the current fiscal year.

Insider Activity at TaskUs

In other TaskUs news, insider Jarrod Johnson sold 15,460 shares of TaskUs stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $13.25, for a total transaction of $204,845.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 30.63% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TaskUs

A number of hedge funds have recently added to or reduced their stakes in the stock. Think Investments LP boosted its stake in TaskUs by 14.5% during the 4th quarter. Think Investments LP now owns 2,881,513 shares of the company's stock valued at $48,813,000 after purchasing an additional 364,608 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in TaskUs by 7.9% during the 4th quarter. Ameriprise Financial Inc. now owns 957,653 shares of the company's stock valued at $16,223,000 after purchasing an additional 69,704 shares during the last quarter. Royce & Associates LP boosted its stake in TaskUs by 6.4% during the 1st quarter. Royce & Associates LP now owns 790,289 shares of the company's stock valued at $10,772,000 after purchasing an additional 47,610 shares during the last quarter. SG Americas Securities LLC boosted its stake in TaskUs by 85.9% during the 1st quarter. SG Americas Securities LLC now owns 651,838 shares of the company's stock valued at $8,885,000 after purchasing an additional 301,119 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in TaskUs by 7.0% during the 4th quarter. Renaissance Technologies LLC now owns 497,623 shares of the company's stock valued at $8,430,000 after purchasing an additional 32,500 shares during the last quarter. Institutional investors and hedge funds 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.