Key Points
- Insider sale: Jarrod Johnson sold 10,869 shares on August 18 at an average price of $17.25 for proceeds of $187,490, trimming his stake by 30.96% to 24,233 shares (valued at ~$418,019); the sale was disclosed in an SEC filing.
- Company performance and market view: TaskUs beat the quarter with EPS $0.42 vs. $0.36 and revenue $298.7M vs. $286.7M, trades in a one-year range of $10.68–$18.60 with a $1.02B market cap and 12.7 PE, and carries a consensus analyst rating of “Hold” with an average target of $17.38.
TaskUs, Inc. (NASDAQ:TASK - Get Free Report) insider Jarrod Johnson sold 10,869 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $17.25, for a total transaction of $187,490.25. Following the transaction, the insider owned 24,233 shares in the company, valued at $418,019.25. This represents a 30.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
TaskUs Stock Performance
Shares of TASK opened at $11.30 on Wednesday. TaskUs, Inc. has a one year low of $10.68 and a one year high of $18.60. The company has a market cap of $1.02 billion, a PE ratio of 12.70 and a beta of 2.12. The stock has a 50-day moving average of $14.24 and a 200-day moving average of $16.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.89 and a quick ratio of 2.89.
TaskUs (NASDAQ:TASK - Get Free Report) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.06. TaskUs had a return on equity of 21.27% and a net margin of 7.11%.The business had revenue of $298.71 million for the quarter, compared to the consensus estimate of $286.71 million. TaskUs has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts predict that TaskUs, Inc. will post 0.9 EPS for the current fiscal year.
Hedge Funds Weigh In On TaskUs
A number of hedge funds have recently bought and sold shares of the company. New York State Common Retirement Fund bought a new stake in shares of TaskUs in the 2nd quarter worth $67,000. Quarry LP bought a new position in shares of TaskUs during the first quarter valued at about $83,000. Harbor Capital Advisors Inc. boosted its holdings in TaskUs by 21.9% during the third quarter. Harbor Capital Advisors Inc. now owns 4,994 shares of the company's stock worth $89,000 after purchasing an additional 896 shares during the last quarter. PenderFund Capital Management Ltd. purchased a new position in TaskUs during the third quarter worth about $157,000. Finally, Voya Investment Management LLC bought a new stake in TaskUs in the 1st quarter worth about $178,000. 44.64% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on TASK. Morgan Stanley downgraded shares of TaskUs from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $21.00 to $16.50 in a research report on Tuesday, September 9th. Royal Bank Of Canada upped their price objective on shares of TaskUs from $16.50 to $17.00 and gave the stock a "sector perform" rating in a report on Monday, November 10th. Robert W. Baird lifted their price objective on shares of TaskUs from $16.50 to $18.00 and gave the company an "outperform" rating in a report on Thursday, October 9th. The Goldman Sachs Group raised shares of TaskUs to a "strong sell" rating in a research report on Monday, November 10th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of TaskUs in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, TaskUs has a consensus rating of "Hold" and an average target price of $17.38.
Check Out Our Latest Analysis on TaskUs
TaskUs Company Profile
(
Get Free Report)
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.
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