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Robert W. Baird Sticks to Its Buy Rating for TaskUs (TASK)

Robert W. Baird analyst David Koning maintained a Buy rating on TaskUs (TASKResearch Report) on December 22 and set a price target of $74.00. The company’s shares closed last Wednesday at $55.36.

According to TipRanks.com, Koning is a 5-star analyst with an average return of 13.3% and a 73.0% success rate. Koning covers the Technology sector, focusing on stocks such as TELUS International (CDA), Jack Henry & Associates, and Fidelity National Info.

TaskUs has an analyst consensus of Strong Buy, with a price target consensus of $67.80, representing a 24.3% upside. In a report issued on December 13, Morgan Stanley also upgraded the stock to Buy with a $55.00 price target.

See today’s best-performing stocks on TipRanks >>

Based on TaskUs’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $201 million and net profit of $11.64 million. In comparison, last year the company earned revenue of $122 million and had a net profit of $11.46 million.

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TASK in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

TaskUs Inc is a provider of outsourced digital services and next-generation customer experience to innovative and disruptive technology companies. It serves clients in the fastest-growing sectors, including social media, e-commerce, gaming, streaming media, food delivery and ridesharing, HiTech, FinTech and HealthTech.

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