Shares of TaskUs, Inc. (NASDAQ:TASK - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 409,910 shares traded hands during mid-day trading, an increase of 37% from the previous session's volume of 298,346 shares.The stock last traded at $16.71 and had previously closed at $16.85.
Wall Street Analyst Weigh In
Several equities research analysts have commented on TASK shares. Royal Bank of Canada cut their target price on TaskUs from $20.00 to $16.50 and set a "sector perform" rating on the stock in a research note on Monday. Robert W. Baird cut TaskUs from an "outperform" rating to a "neutral" rating and set a $16.50 target price on the stock. in a research note on Monday. William Blair cut TaskUs from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Finally, Baird R W cut TaskUs from a "strong-buy" rating to a "hold" rating in a research note on Monday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $16.86.
Get Our Latest Stock Report on TASK
TaskUs Price Performance
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 $1.49 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 3.92 and a beta of 2.16. The business has a fifty day moving average of $13.59 and a two-hundred day moving average of $14.83.
TaskUs (NASDAQ:TASK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.12). The firm had revenue of $274.24 million during the quarter, compared to analyst estimates of $268.65 million. TaskUs had a net margin of 5.58% and a return on equity of 17.73%. As a group, research analysts predict that TaskUs, Inc. will post 0.9 EPS for the current fiscal year.
Insider Activity
In other news, insider Jarrod Johnson sold 21,437 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $13.60, for a total transaction of $291,543.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 30.63% of the company's stock.
Institutional Trading of TaskUs
Institutional investors have recently modified their holdings of the stock. Blue Trust Inc. raised its position in TaskUs by 71.5% in the fourth 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. Harbor Capital Advisors Inc. bought a new position in TaskUs in the first quarter valued at about $63,000. BNP Paribas Financial Markets bought a new position in TaskUs in the fourth quarter valued at about $80,000. KLP Kapitalforvaltning AS bought a new position in TaskUs in the fourth quarter valued at about $81,000. Finally, Point72 Asset Management L.P. bought a new position in TaskUs in the fourth quarter valued at about $83,000. 44.64% of the stock is currently owned by institutional investors.
About TaskUs
(
Get Free Report)
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.
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