TaskUs, Inc. (NASDAQ:TASK) Given Average Rating of "Hold" by Brokerages

TaskUs, Inc. (NASDAQ:TASK - Get Free Report) has been given an average recommendation of "Hold" by the seven analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $17.86.

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

Insider Buying and Selling

In other 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 can be accessed through the SEC website. 29.26% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TaskUs

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. raised its position in TaskUs by 71.5% during the 4th quarter. Blue Trust Inc. now owns 1,677 shares of the company's stock worth $28,000 after buying an additional 699 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in TaskUs during the first quarter worth $63,000. BNP Paribas Financial Markets acquired a new stake in TaskUs in the 4th quarter valued at about $80,000. KLP Kapitalforvaltning AS purchased a new position in shares of TaskUs during the 4th quarter worth approximately $81,000. Finally, Point72 Asset Management L.P. purchased a new position in TaskUs during the fourth quarter worth $83,000. 44.64% of the stock is owned by hedge funds and other institutional investors.

TaskUs Stock Down 0.1 %

Shares of TASK stock traded down $0.02 during trading hours on Friday, reaching $13.00. 6,880 shares of the stock were exchanged, compared to its average volume of 365,019. The business's fifty day moving average is $13.83 and its two-hundred day moving average is $14.55. The firm has a market capitalization of $1.17 billion, a P/E ratio of 22.03, a P/E/G ratio of 3.92 and a beta of 2.17. TaskUs has a 12-month low of $10.57 and a 12-month 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.

TaskUs (NASDAQ:TASK - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.12). TaskUs had a return on equity of 17.73% and a net margin of 5.58%. The firm had revenue of $274.24 million for the quarter, compared to analyst estimates of $268.65 million. As a group, research analysts expect that TaskUs will post 0.9 EPS for the current fiscal year.

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.