TaskUs (TASK) Projected to Post Quarterly Earnings on Wednesday

TaskUs (NASDAQ:TASK) will likely be posting its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect TaskUs to post earnings of $0.34 per share and revenue of $268.65 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

TaskUs Trading Up 1.7 %

TASK opened at $14.62 on Tuesday. The company has a market cap of $1.31 billion, a P/E ratio of 24.78, a PEG ratio of 3.92 and a beta of 2.21. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.50. The company’s 50 day moving average is $16.17 and its 200-day moving average is $14.51. TaskUs has a 1-year low of $10.56 and a 1-year high of $19.60.

Insider Buying and Selling at TaskUs

In related news, CAO Steven Amaya sold 75,579 shares of TaskUs stock in a transaction on Friday, December 13th. The shares were sold at an average price of $18.11, for a total value of $1,368,735.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Stephan Daoust sold 62,159 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $18.23, for a total transaction of $1,133,158.57. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,338 shares of company stock valued at $2,548,902. 29.26% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TASK. Robert W. Baird boosted their price target on TaskUs from $16.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Morgan Stanley raised shares of TaskUs from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $18.00 to $21.00 in a research note on Friday, December 13th. Finally, Bank of America raised shares of TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $17.00.

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.