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

Shares of TaskUs, Inc. (NASDAQ:TASK) have been given a consensus rating of “Hold” by the eight analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $17.00.

A number of research analysts have recently weighed in on the company. Morgan Stanley upgraded 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 research report on Friday, December 13th. Robert W. Baird increased their price target on shares of TaskUs from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Bank of America upgraded TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Monday, December 9th.

Insider Transactions at TaskUs

In other news, CAO Steven Amaya sold 2,600 shares of TaskUs stock in a transaction on Monday, December 16th. The stock was sold at an average price of $18.08, for a total value of $47,008.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Stephan Daoust sold 62,159 shares of the business’s stock in a transaction on Friday, December 13th. The stock was 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 quarter, insiders sold 140,338 shares of company stock valued at $2,548,902. Company insiders own 29.26% of the company’s stock.

Hedge Funds Weigh In On TaskUs

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Seldon Capital LP bought a new stake in shares of TaskUs in the 3rd quarter valued at about $5,393,000. Think Investments LP boosted 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 in the last quarter. SG Americas Securities LLC grew its holdings in TaskUs by 217.0% in the fourth quarter. SG Americas Securities LLC now owns 350,719 shares of the company’s stock worth $5,941,000 after purchasing an additional 240,093 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of TaskUs by 47.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 263,734 shares of the company’s stock worth $3,407,000 after purchasing an additional 84,988 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in shares of TaskUs during the third quarter worth $1,006,000. Hedge funds and other institutional investors own 44.64% of the company’s stock.

TaskUs Price Performance

Shares of NASDAQ:TASK opened at $14.62 on Thursday. 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 cap of $1.31 billion, a price-to-earnings ratio of 24.78, a P/E/G ratio of 3.92 and a beta of 2.21. The firm has a fifty day moving average price of $16.17 and a 200 day moving average price of $14.51. TaskUs has a fifty-two week low of $10.56 and a fifty-two week high of $19.60.

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.