TaskUs, Inc. (NASDAQ:TASK) Receives $17.25 Consensus Price Target from Analysts

TaskUs, Inc. (NASDAQ:TASK) has been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $17.86.

Several equities research analysts recently issued reports on the stock. Bank of America upgraded shares of TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Monday, December 9th. Morgan Stanley upgraded shares of TaskUs from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $18.00 to $21.00 in a research note on Friday, December 13th. Finally, Royal Bank of Canada raised their price objective on shares of TaskUs from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 27th.

Insider Transactions at TaskUs

In related news, insider Jarrod Johnson sold 15,460 shares of TaskUs stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $13.25, for a total value of $204,845.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 29.26% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TASK. Seldon Capital LP bought a new position in TaskUs in the third quarter valued at approximately $5,393,000. Think Investments LP increased its stake in TaskUs by 14.5% in the fourth quarter. Think Investments LP now owns 2,881,513 shares of the company’s stock valued at $48,813,000 after acquiring an additional 364,608 shares during the last quarter. SG Americas Securities LLC increased its stake in TaskUs by 217.0% in the fourth quarter. SG Americas Securities LLC now owns 350,719 shares of the company’s stock valued at $5,941,000 after acquiring an additional 240,093 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in TaskUs by 47.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 263,734 shares of the company’s stock valued at $3,407,000 after buying an additional 84,988 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in TaskUs in the third quarter valued at approximately $1,006,000. 44.64% of the stock is owned by institutional investors.

TaskUs Trading Up 0.4 %

TaskUs stock opened at $13.70 on Monday. The firm has a 50-day moving average of $15.20 and a 200-day moving average of $14.49. TaskUs has a one year low of $10.56 and a one year 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 company has a market cap of $1.23 billion, a price-to-earnings ratio of 23.22, a P/E/G ratio of 3.92 and a beta of 2.24.

TaskUs (NASDAQ:TASK) last posted 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). TaskUs had a return on equity of 17.73% and a net margin of 5.58%. The business had revenue of $274.24 million for the quarter, compared to analyst estimates of $268.65 million. On average, equities analysts expect that TaskUs will post 0.9 earnings per share 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.