TaskUs, Inc. (NASDAQ:TASK) Receives Consensus Rating of “Hold” from Analysts

Shares of TaskUs, Inc. (NASDAQ:TASK) have received an average rating of “Hold” from the eight analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $17.00.

Several research analysts have commented on TASK shares. Robert W. Baird boosted their target price on TaskUs from $16.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Morgan Stanley raised TaskUs from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $18.00 to $21.00 in a report on Friday, December 13th. Finally, Bank of America raised TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a report on Monday, December 9th.

TaskUs Trading Up 0.6 %

TASK stock opened at $16.99 on Wednesday. TaskUs has a 52 week low of $10.56 and a 52 week high of $19.60. The company’s 50-day simple moving average is $15.38 and its 200 day simple moving average is $14.27. The company has a market capitalization of $1.52 billion, a PE ratio of 28.80, a price-to-earnings-growth ratio of 4.67 and a beta of 2.31. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.02 and a current ratio of 3.02.

Insiders Place Their Bets

In other news, CAO Steven Amaya sold 2,600 shares of TaskUs stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $18.08, for a total value of $47,008.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Stephan Daoust sold 62,159 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $18.23, for a total value of $1,133,158.57. The disclosure for this sale can be found here. In the last 90 days, insiders sold 140,338 shares of company stock worth $2,548,902. 29.26% of the stock is currently owned by insiders.

Institutional Trading of TaskUs

Several large investors have recently modified their holdings of the stock. Royce & Associates LP lifted its position in shares of TaskUs by 8.9% during the 3rd quarter. Royce & Associates LP now owns 669,579 shares of the company’s stock valued at $8,651,000 after acquiring an additional 54,770 shares during the period. Dalton Investments Inc. increased its stake in TaskUs by 2.5% in the second quarter. Dalton Investments Inc. now owns 636,458 shares of the company’s stock valued at $8,471,000 after purchasing an additional 15,300 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of TaskUs by 12.8% during the second quarter. Renaissance Technologies LLC now owns 440,523 shares of the company’s stock valued at $5,863,000 after purchasing an additional 50,000 shares during the period. Seldon Capital LP acquired a new position in shares of TaskUs during the third quarter valued at about $5,393,000. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of TaskUs by 12.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 396,274 shares of the company’s stock worth $5,120,000 after purchasing an additional 42,750 shares in the last quarter. 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.