TaskUs, Inc. (NASDAQ: TASK – Get Score) received less mainstream curiosity for a brief period in August. As of August 31st, there were short curiosities totaling 1,020,000 shares, 22.7% less than the August 15th issue of 1,320,000 shares. Approximately 3.7% of the company's inventory is served in short. Primarily based on an average daily volume of 527,500 shares, the interest rate on the short is 1.9 days at the moment.
Insider Shopping and Promotion
In Various Information on TaskUs, Director Kelly L. Tuminelli purchased 4,000 shares of the company's stock in a transaction that occurred on Tuesday the 13th from september. The stock was purchased at an average value of $18.36 per share, with a full value of $73,440.00. Following the completion of the transaction, the director now immediately owns 6,846 shares of the company's stock, valued at approximately $125,692.56. The deal was disclosed in a filing with the SEC, located there by the SEC website. 23.96% of the stock is currently owned by company insiders.
Institutional Buyers Weigh on Units of Tasks
Institutional traders and hedge funds have recently added to or reduced their stakes within the institution. A fifth Bankcorp III bought a new stake in TaskUs during the first quarter valued at $30,000. Advisors Asset Administration Inc. New Place in Shares of TaskUs during the first quarter valued at approximately $42,000. Icapital Wealth LLC purchased a completely new place in TaskUs stock during the first quarter for approximately $55,000. Zurcher Cantonalbank Zurich Cantonalbank purchased a completely new location in TaskUs during the second quarter for approximately $61,000. Finally, the Canada Pension Plan Funding Board acquired an entirely new stake in TaskUs during the first quarter for $108,000. Hedge funds and various institutional traders allocate 25.23% of the company's stock.
TaskUs stock is down 3.9%
TASK stock is down $0.73 during the buying and selling Thursday afternoon, to $18.00. 666,183 shares of stock were exchanged compared to the regular amount of 712,097. TaskUs recorded a 52-week low of $13.60 and a 52-week plus low of $85.49. The company's current ratio is 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.41. The 50-day corporate rollover is $17.86 and the two hundred-day corporate rollover is $24.40. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 39.13, and a price-earnings ratio of 2.83 and beta 3.70.
TaskUs (NASDAQ: TASK – Get Score) provided its quarterly earnings information on Monday, August 8th. The company reported earnings of $0.07 per share (EPS) for the quarter, missing the consensus estimate of $0.14 ($0.07). TaskUs had an equity return of 12.80% and an internet margin of 5.48%. The agency's income was $246.46 million during the quarter, compared with analysts' expectations of $242.09 million. During the same quarter in the previous twelve months, the company posted earnings of $0.27 per share. The company's income for the third quarter increased by 36.9% compared to the same quarter last year. Overall, sell-side analysts expect TaskUs to deliver 0.47 earnings per share for the current 12 months.
Analyst Promotions and Reductions
A lot of brokerages have recently commented on TASK. BTIG analysis lowered the value target on TaskUs shares to $37.00 in an analytical report on Monday, August 15th. The Royal Canadian Financial Corporation lowered its value target on TaskUs shares from $36.00 to $26.00 and set a result of “outperforming” the stock in an analytical speech on Wednesday. Morgan Stanley cut TaskUs shares from “obese” to “equal weight” and lowered the company's target value from $28.00 to $19.00 in an analytical report on Monday, August 15th. Wells Fargo & Firm lowered its target value on TaskUs shares from $20.00 to $18.00 and set a grade of “equal weight” for the company in a report released Thursday, September 8th. Finally, Robert W. Bird cut the target value on TaskUs shares from $34.00 to $24.00 and put the company's “outperform” score in an analytical report on Tuesday, August 9th. Three analysts rated the inventory with a conservation score and 5 assigned a buy score for the company's inventory. Based on information from MarketBeat.com, the company currently has an average “buy average” score and a consensus target value of $30.78.
(Get the score)
TaskUs, Inc provides digital outsourcing providers to businesses worldwide . Offers a digital buyer experience consisting of multi-channel buyer care providers delivered primarily through digital channels; and various options, along with buyer sponsorship providers for an entirely new product or market launch, belief and security options, and buyer acquisition options.
This instant informational alert was created with anecdotal scholarly knowledge and critical information from MarketBeat with the intent to report The fastest and most accurate for readers. This story was reviewed by the MarketBeat editorial staff prior to publication. Please send any questions or feedback about this story to email@example.com.
Earlier than you thought, you'll need to hear this.
MarketBeat keeps an eye on Wall Avenue's top-rated and best-performing analytics analysts and the stocks they suggest to shoppers every day. MarketBeat recognized the five stocks that major analysts are quietly whispering to shoppers to buy now earlier than the broader market…and TaskUs weren't on the checklist.
While TaskUs currently has an “Average Buy” score among analysts, the top-rated analysts consider these five stocks to be higher buys.
Show the five stocks here