Shares of TaskUs, Inc. (NASDAQ:TASK - Get Free Report) have received an average recommendation of "Hold" from the nine analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $16.86.
TASK has been the subject of several recent analyst reports. Robert W. Baird cut TaskUs from an "outperform" rating to a "neutral" rating and set a $16.50 target price for the company. in a research report on Monday, May 12th. Royal Bank of Canada dropped their target price on TaskUs from $20.00 to $16.50 and set a "sector perform" rating for the company in a research report on Monday, May 12th. Baird R W cut shares of TaskUs from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Finally, William Blair lowered shares of TaskUs from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th.
Check Out Our Latest Research Report on TASK
TaskUs Stock Performance
TASK stock traded up $0.07 during midday trading on Friday, reaching $16.84. 101,281 shares of the company's stock traded hands, compared to its average volume of 322,300. TaskUs has a 52 week low of $10.57 and a 52 week high of $19.60. The company has a 50-day moving average price of $14.44 and a two-hundred day moving average price of $15.07. 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 firm has a market capitalization of $1.50 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 3.92 and a beta of 2.16.
Insider Transactions at TaskUs
In other news, insider Jarrod Johnson sold 21,437 shares of TaskUs stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $13.60, for a total value of $291,543.20. The sale was disclosed in a document filed with the SEC, which is available through this link. 30.63% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On TaskUs
A number of large investors have recently modified their holdings of TASK. Blue Trust Inc. raised its stake in TaskUs by 71.5% in the fourth quarter. Blue Trust Inc. now owns 1,677 shares of the company's stock worth $28,000 after buying an additional 699 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of TaskUs during the 1st quarter worth approximately $63,000. BNP Paribas Financial Markets bought a new position in shares of TaskUs in the 4th quarter worth approximately $80,000. KLP Kapitalforvaltning AS purchased a new position in shares of TaskUs in the 4th quarter valued at approximately $81,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of TaskUs during the fourth quarter valued at approximately $83,000. Institutional investors own 44.64% of the company's stock.
About TaskUs
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Get Free ReportTaskUs, 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.
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