TaskUs (NASDAQ:TASK) Hits New 52-Week High at $17.25

TaskUs, Inc. (NASDAQ:TASK) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $17.25 and last traded at $16.97, with a volume of 12286 shares changing hands. The stock had previously closed at $16.85.

Analyst Ratings Changes

TASK has been the subject of a number of research reports. The Goldman Sachs Group initiated coverage on TaskUs in a research note on Monday, June 24th. They issued a “sell” rating and a $12.00 price target for the company. Bank of America upgraded TaskUs from an “underperform” rating to a “neutral” rating and increased their price target for the company from $12.00 to $18.00 in a research note on Monday. Robert W. Baird increased their price objective on TaskUs from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, July 11th. Finally, Citigroup increased their price objective on TaskUs from $16.00 to $18.00 and gave the company a “buy” rating in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $14.88.

TaskUs Stock Performance

The company has a debt-to-equity ratio of 0.56, a quick ratio of 3.36 and a current ratio of 3.36. The stock has a fifty day simple moving average of $14.34 and a two-hundred day simple moving average of $12.99. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 33.04, a P/E/G ratio of 6.34 and a beta of 2.32.

TaskUs (NASDAQ:TASK) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. TaskUs had a return on equity of 16.61% and a net margin of 5.23%. The firm had revenue of $227.47 million during the quarter, compared to the consensus estimate of $223.50 million. Analysts forecast that TaskUs, Inc. will post 0.83 earnings per share for the current fiscal year.

Institutional Trading of TaskUs

A number of large investors have recently bought and sold shares of the business. Quarry LP grew its holdings in TaskUs by 326.6% during the 4th quarter. Quarry LP now owns 4,321 shares of the company’s stock worth $56,000 after acquiring an additional 3,308 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of TaskUs in the 4th quarter valued at about $64,000. Olympiad Research LP acquired a new stake in shares of TaskUs in the 4th quarter valued at about $185,000. Janney Montgomery Scott LLC grew its stake in shares of TaskUs by 53.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 107,950 shares of the company’s stock valued at $1,258,000 after buying an additional 37,505 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of TaskUs by 145.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 120,920 shares of the company’s stock valued at $1,409,000 after buying an additional 71,621 shares during the period. 44.64% of the stock is currently owned by institutional investors and hedge funds.

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.