TaskUs, Inc. (NASDAQ:TASK) Insider Jarrod Johnson Sells 15,460 Shares

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

TaskUs Stock Up 0.6 %

TaskUs stock traded up $0.08 during mid-day trading on Thursday, hitting $13.22. The company’s stock had a trading volume of 269,899 shares, compared to its average volume of 387,691. 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, Inc. has a 52-week low of $10.56 and a 52-week high of $19.60. The firm’s 50 day moving average is $15.48 and its 200 day moving average is $14.49. The company has a market cap of $1.18 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 3.92 and a beta of 2.24.

TaskUs (NASDAQ:TASK) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.22 EPS 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 for the quarter, compared to analyst estimates of $268.65 million. On average, analysts anticipate that TaskUs, Inc. will post 0.9 earnings per share for the current year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On TaskUs

Institutional investors and hedge funds have recently modified their holdings of the stock. Seldon Capital LP acquired a new stake in TaskUs during the third quarter valued at $5,393,000. Think Investments LP lifted its holdings in shares of TaskUs by 14.5% during the 4th 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 last quarter. SG Americas Securities LLC grew its stake in shares of TaskUs by 217.0% in the 4th quarter. SG Americas Securities LLC now owns 350,719 shares of the company’s stock valued at $5,941,000 after buying an additional 240,093 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in TaskUs by 47.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 263,734 shares of the company’s stock worth $3,407,000 after buying an additional 84,988 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new position in TaskUs during the third quarter valued at approximately $1,006,000. 44.64% of the stock is currently owned by hedge funds and other institutional investors.

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.