TaskUs, Inc. (NASDAQ:TASK) Insider Sells $204,845.00 in Stock

TaskUs, Inc. (NASDAQ:TASK) insider Jarrod Johnson sold 15,460 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $13.25, for a total value of $204,845.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

TaskUs Trading Up 3.4 %

TASK opened at $13.67 on Friday. TaskUs, Inc. has a fifty-two week low of $10.56 and a fifty-two week high of $19.60. The firm has a market capitalization of $1.22 billion, a PE ratio of 23.17, a P/E/G ratio of 3.92 and a beta of 2.24. The company’s 50-day moving average is $15.34 and its 200 day moving average is $14.49. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.02 and a quick ratio of 3.02.

TaskUs (NASDAQ:TASK) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.12). TaskUs had a return on equity of 17.73% and a net margin of 5.58%. The company had revenue of $274.24 million during the quarter, compared to the consensus estimate of $268.65 million. As a group, research analysts predict that TaskUs, Inc. will post 0.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TaskUs

Hedge funds have recently bought and sold shares of the company. Think Investments LP grew its position in TaskUs by 14.5% during the fourth quarter. Think Investments LP now owns 2,881,513 shares of the company’s stock valued at $48,813,000 after buying an additional 364,608 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of TaskUs by 7.9% in the fourth quarter. Ameriprise Financial Inc. now owns 957,653 shares of the company’s stock worth $16,223,000 after buying an additional 69,704 shares during the period. Royce & Associates LP grew its stake in TaskUs by 10.9% in the fourth quarter. Royce & Associates LP now owns 742,679 shares of the company’s stock worth $12,581,000 after purchasing an additional 73,100 shares in the last quarter. Renaissance Technologies LLC raised its stake in TaskUs by 7.0% in the fourth quarter. Renaissance Technologies LLC now owns 497,623 shares of the company’s stock worth $8,430,000 after buying an additional 32,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in TaskUs by 5.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 471,011 shares of the company’s stock worth $7,979,000 after buying an additional 23,713 shares during the period. Institutional investors own 44.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TASK shares. Royal Bank of Canada upped their target price on TaskUs from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Thursday, February 27th. Morgan Stanley upgraded TaskUs from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $18.00 to $21.00 in a report on Friday, December 13th. Finally, Bank of America upgraded TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $17.25.

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.