TaskUs, Inc. (NASDAQ:TASK – Get Score) noticed a big enhance briefly curiosity in the course of the month of September. As of September thirtieth, there was brief curiosity totalling 2,390,000 shares, a rise of 43.1% from the September fifteenth complete of 1,670,000 shares. Roughly 8.7% of the shares of the corporate are brief bought. Based mostly on a mean every day buying and selling quantity, of 514,300 shares, the short-interest ratio is presently 4.6 days.
TaskUs Buying and selling Down 6.0 %
TaskUs inventory traded down $1.09 throughout mid-day buying and selling on Friday, hitting $17.22. The inventory had a buying and selling quantity of 231,843 shares, in comparison with its common quantity of 397,601. The inventory has a market capitalization of $1.68 billion, a PE ratio of 37.43, a P/E/G ratio of two.54 and a beta of two.97. TaskUs has a 12 month low of $13.60 and a 12 month excessive of $74.21. The corporate has a present ratio of 1.65, a fast ratio of 1.65 and a debt-to-equity ratio of 0.41. The inventory has a 50-day easy transferring common of $16.57 and a two-hundred day easy transferring common of $21.62.
TaskUs (NASDAQ:TASK – Get Score) final introduced its quarterly earnings knowledge on Monday, August eighth. The corporate reported $0.07 earnings per share for the quarter, lacking the consensus estimate of $0.14 by ($0.07). The enterprise had income of $246.46 million in the course of the quarter, in comparison with analyst estimates of $242.09 million. TaskUs had a web margin of 5.48% and a return on fairness of 12.80%. The corporate’s quarterly income was up 36.9% on a year-over-year foundation. Throughout the identical quarter within the prior 12 months, the corporate earned $0.27 earnings per share. As a gaggle, sell-side analysts forecast that TaskUs will publish 0.47 EPS for the present 12 months.
Analyst Upgrades and Downgrades
A number of analysis analysts have issued studies on the corporate. Robert W. Baird dropped their worth goal on TaskUs from $34.00 to $24.00 and set an “outperform” ranking on the inventory in a report on Tuesday, August ninth. Citigroup lowered their worth goal on shares of TaskUs from $28.00 to $23.00 in a report on Tuesday, August ninth. Royal Financial institution of Canada reduce their worth goal on shares of TaskUs from $36.00 to $26.00 and set an “outperform” ranking on the inventory in a analysis report on Wednesday, September 14th. BTIG Analysis decreased their worth goal on TaskUs to $37.00 in a analysis observe on Monday, August fifteenth. Lastly, Morgan Stanley downgraded shares of TaskUs from an “chubby” ranking to an “equal weight” ranking and dropped their goal worth for the inventory from $28.00 to $19.00 in a report on Monday, August fifteenth. Three analysis analysts have rated the inventory with a maintain ranking and 5 have given a purchase ranking to the inventory. In accordance with knowledge from MarketBeat.com, the corporate at the moment has a consensus ranking of “Average Purchase” and a consensus goal worth of $30.78.
Insiders Place Their Bets
In associated information, Director Kelly L. Tuminelli acquired 4,000 shares of TaskUs inventory in a transaction that occurred on Tuesday, September thirteenth. The inventory was acquired at a mean worth of $18.36 per share, for a complete transaction of $73,440.00. Following the transaction, the director now instantly owns 6,846 shares of the corporate’s inventory, valued at roughly $125,692.56. The transaction was disclosed in a doc filed with the SEC, which may be accessed by means of this hyperlink. 23.96% of the inventory is at the moment owned by firm insiders.
Hedge Funds Weigh In On TaskUs
A number of institutional traders have just lately modified their holdings of the inventory. Fifth Third Bancorp purchased a brand new place in shares of TaskUs in the course of the first quarter value $30,000. Advisors Asset Administration Inc. purchased a brand new stake in shares of TaskUs in the course of the first quarter value $42,000. Financial institution of New York Mellon Corp grew its holdings in shares of TaskUs by 10.4% in the course of the first quarter. Financial institution of New York Mellon Corp now owns 12,036 shares of the corporate’s inventory value $463,000 after shopping for a further 1,138 shares within the final quarter. Lazard Asset Administration LLC boosted its place in TaskUs by 60.0% in the course of the 1st quarter. Lazard Asset Administration LLC now owns 4,000 shares of the corporate’s inventory value $153,000 after buying a further 1,500 shares over the past quarter. Lastly, Icapital Wealth LLC purchased a brand new place in shares of TaskUs in the course of the 1st quarter value roughly $55,000. 25.23% of the inventory is at the moment owned by institutional traders and hedge funds.
About TaskUs
(Get Score)
TaskUs, Inc gives digital outsourcing providers for firms worldwide. It provides digital buyer expertise that consists of omni-channel buyer care providers primarily delivered by means of digital channels; and different options, together with buyer care providers for brand new product or market launches, belief and security options, and buyer acquisition options.
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