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

TaskUs, Inc. (NASDAQ:TASK) has received an average recommendation of “Hold” from the eight research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $17.00.

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

Insider Buying and Selling at TaskUs

In other TaskUs news, CAO Steven Amaya sold 2,600 shares of the business’s 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Stephan Daoust sold 62,159 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was 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 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

Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its holdings in shares of TaskUs by 9.9% during the 3rd quarter. Jane Street Group LLC now owns 21,761 shares of the company’s stock valued at $281,000 after buying an additional 1,959 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of TaskUs by 55.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,581 shares of the company’s stock worth $74,000 after buying an additional 1,988 shares in the last quarter. nVerses Capital LLC purchased a new position in TaskUs in the 2nd quarter worth about $28,000. US Bancorp DE lifted its holdings in shares of TaskUs by 101.2% during 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 during the period. Finally, Hsbc Holdings PLC boosted its holdings in shares of TaskUs by 19.7% in the second quarter. Hsbc Holdings PLC now owns 16,885 shares of the company’s stock worth $225,000 after buying an additional 2,779 shares during the last quarter. Hedge funds and other institutional investors own 44.64% of the company’s stock.

TaskUs Trading Down 12.8 %

Shares of NASDAQ TASK opened at $15.01 on Wednesday. The firm has a market capitalization of $1.34 billion, a PE ratio of 25.44, a PEG ratio of 4.67 and a beta of 2.23. 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 business has a 50-day moving average price of $15.54 and a two-hundred day moving average price of $14.31. TaskUs has a one year low of $10.56 and a one year high of $19.60.

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.