TaskUs, Inc. (NASDAQ:TASK) Given Average Recommendation of "Hold" by Analysts

TaskUs, Inc. (NASDAQ:TASK - Get Free Report) has been assigned an average recommendation of "Hold" from the nine research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $16.86.

Several research analysts recently issued reports on TASK shares. Royal Bank of Canada cut their price target on shares of TaskUs from $20.00 to $16.50 and set a "sector perform" rating for the company in a report on Monday, May 12th. Robert W. Baird cut shares of TaskUs from an "outperform" rating to a "neutral" rating and set a $16.50 target price for the company. in a report on Monday, May 12th. William Blair cut shares of TaskUs from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Finally, Baird R W cut shares of TaskUs from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th.

TaskUs Stock Performance

Shares of NASDAQ:TASK traded down $0.04 on Friday, reaching $16.68. The company's stock had a trading volume of 258,883 shares, compared to its average volume of 323,072. The stock's 50-day moving average is $14.56 and its two-hundred day moving average is $15.09. 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 current ratio of 3.02 and a quick ratio of 3.02. The stock has a market capitalization of $1.48 billion, a P/E ratio of 28.27, a PEG ratio of 3.92 and a beta of 2.16.

Insider Activity

In related news, insider Jarrod Johnson sold 21,437 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $13.60, for a total transaction of $291,543.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 30.63% of the company's stock.

Institutional Trading of TaskUs

A number of hedge funds have recently bought and sold shares of TASK. Janney Montgomery Scott LLC acquired a new stake in TaskUs during the fourth quarter worth approximately $613,000. Blue Trust Inc. boosted its holdings in shares of TaskUs by 71.5% in 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 last quarter. Vontobel Holding Ltd. acquired a new position in shares of TaskUs in the 4th quarter valued at $338,000. Nkcfo LLC acquired a new position in shares of TaskUs in the 4th quarter valued at $339,000. Finally, Raymond James Financial Inc. acquired a new position in shares of TaskUs in the 4th quarter valued at $408,000. Institutional investors and hedge funds 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.