TaskUs (NASDAQ:TASK) Trading Up 3.3%

TaskUs, Inc. (NASDAQ:TASK) shares were up 3.3% during trading on Wednesday . The company traded as high as $11.14 and last traded at $11.02. Approximately 76,960 shares were traded during trading, a decline of 64% from the average daily volume of 212,283 shares. The stock had previously closed at $10.67.

Analyst Ratings Changes

A number of research analysts recently commented on TASK shares. Royal Bank of Canada upped their price objective on TaskUs from $16.00 to $17.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 29th. Citigroup increased their price target on TaskUs from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Guggenheim initiated coverage on TaskUs in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $13.00 price target for the company. Finally, Bank of America increased their price target on TaskUs from $11.00 to $12.00 and gave the stock an “underperform” rating in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $14.63.

TaskUs Stock Performance

The company has a debt-to-equity ratio of 0.58, a current ratio of 3.23 and a quick ratio of 3.23. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 3.01 and a beta of 2.35. The company has a fifty day moving average price of $12.01 and a two-hundred day moving average price of $11.75.

TaskUs (NASDAQ:TASK) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05. The business had revenue of $234.26 million during the quarter, compared to analyst estimates of $225.96 million. TaskUs had a return on equity of 16.91% and a net margin of 4.94%. As a group, equities research analysts expect that TaskUs, Inc. will post 0.75 EPS for the current year.

Institutional Investors Weigh In On TaskUs

Several hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its holdings in shares of TaskUs by 72.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 130,724 shares of the company’s stock valued at $1,709,000 after purchasing an additional 54,763 shares during the last quarter. Quarry LP lifted its holdings in shares of TaskUs by 326.6% during the fourth quarter. Quarry LP now owns 4,321 shares of the company’s stock valued at $56,000 after purchasing an additional 3,308 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of TaskUs during the fourth quarter valued at $1,469,000. Voya Investment Management LLC purchased a new stake in shares of TaskUs during the fourth quarter valued at $142,000. Finally, Prelude Capital Management LLC lifted its holdings in shares of TaskUs by 12.7% during the fourth quarter. Prelude Capital Management LLC now owns 125,358 shares of the company’s stock valued at $1,638,000 after purchasing an additional 14,162 shares during the last quarter. 44.64% of the stock is 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.