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

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

TASK has been the subject of a number of recent research reports. Morgan Stanley upgraded TaskUs from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $18.00 to $21.00 in a research note on Friday, December 13th. Robert W. Baird upped their price target on shares of TaskUs from $16.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. 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 report on Monday, December 9th.

Insider Buying and Selling

In other news, CAO Steven Amaya sold 75,579 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $18.11, for a total value of $1,368,735.69. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Stephan Daoust sold 62,159 shares of TaskUs 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. Insiders sold 140,338 shares of company stock valued at $2,548,902 over the last 90 days. 29.26% of the stock is currently owned by company insiders.

Institutional Trading of TaskUs

A number of hedge funds have recently modified their holdings of the company. nVerses Capital LLC bought a new position in TaskUs in the 2nd quarter worth approximately $28,000. US Bancorp DE increased its position in shares of TaskUs by 101.2% in the 3rd quarter. US Bancorp DE now owns 5,001 shares of the company’s stock valued at $65,000 after buying an additional 2,516 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of TaskUs by 55.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,581 shares of the company’s stock valued at $74,000 after purchasing an additional 1,988 shares in the last quarter. CWM LLC boosted its holdings in shares of TaskUs by 25,053.3% in the third quarter. CWM LLC now owns 7,546 shares of the company’s stock valued at $97,000 after buying an additional 7,516 shares during the period. Finally, Quantbot Technologies LP grew its holdings in shares of TaskUs by 186.7% during the third quarter. Quantbot Technologies LP now owns 9,428 shares of the company’s stock worth $122,000 after buying an additional 6,140 shares in the last quarter. Institutional investors own 44.64% of the company’s stock.

TaskUs Price Performance

Shares of NASDAQ:TASK opened at $16.99 on Wednesday. The company has a market cap of $1.52 billion, a PE ratio of 28.80, a P/E/G ratio of 4.67 and a beta of 2.31. TaskUs has a fifty-two week low of $10.56 and a fifty-two week high of $19.60. The firm has a 50-day simple moving average of $15.38 and a 200 day simple moving average of $14.27. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.50.

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.