TaskUs, Inc. (NASDAQ:TASK – Get Free Report) shares crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $8.15 and traded as high as $8.39. TaskUs shares last traded at $8.30, with a volume of 516,459 shares changing hands.
Analysts Set New Price Targets
A number of equities research analysts recently commented on TASK shares. Wedbush dropped their target price on TaskUs from $12.00 to $9.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Wall Street Zen raised TaskUs from a “hold” rating to a “buy” rating in a report on Saturday, October 24th. Morgan Stanley increased their price target on TaskUs from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 11th. Robert W. Baird set a $12.00 price objective on shares of TaskUs in a report on Thursday, August 6th. Finally, Weiss Ratings raised shares of TaskUs from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, October 19th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.60.
Check Out Our Latest Stock Report on TaskUs
TaskUs Price Performance
The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.95 and a current ratio of 2.95. The stock has a market cap of $761.03 million, a price-to-earnings ratio of 7.16 and a beta of 1.83. The company has a 50-day moving average of $8.15 and a 200-day moving average of $7.79.
TaskUs (NASDAQ:TASK – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.05. The firm had revenue of $308.86 million during the quarter, compared to the consensus estimate of $297.58 million. TaskUs had a return on equity of 27.02% and a net margin of 8.75%. As a group, equities research analysts predict that TaskUs, Inc. will post 1.10 earnings per share for the current year.
Institutional Trading of TaskUs
A number of large investors have recently made changes to their positions in the stock. Brooklands Fund Management Ltd acquired a new position in shares of TaskUs in the 3rd quarter valued at $27,500,000. Squarepoint Ops LLC acquired a new position in shares of TaskUs in the 2nd quarter valued at approximately $148,000. Alamar Capital Management LLC bought a new position in TaskUs during the 2nd quarter valued at $80,000. Bank of America Corp DE grew its stake in TaskUs by 2,573.2% in the first quarter. Bank of America Corp DE now owns 106,475 shares of the company’s stock worth $714,000 after purchasing an additional 102,492 shares in the last quarter. Finally, Saba Capital Management L.P. bought a new stake in shares of TaskUs in the 1st quarter valued at approximately $14,016,000. Institutional investors and hedge funds own 44.64% of the company’s stock.
About TaskUs
TaskUs, Inc (NASDAQ: TASK) is a provider of digital outsourcing and customer experience services for technology companies and other high-growth businesses. The company helps clients manage customer interactions, back-office operations and other business processes through a combination of trained personnel, technology and data-driven workflows.
Its services include customer care, technical support, content moderation, trust and safety, fraud prevention, artificial intelligence operations and back-office support.
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