Should I buy or sell TaskUs stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TaskUs in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TASK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TASK, but not buy additional shares or sell existing shares. View TASK analyst ratings or view top-rated stocks .

What is TaskUs' stock price target for 2024?

7 brokers have issued 12-month target prices for TaskUs' stock. Their TASK share price targets range from $12.00 to $23.00. On average, they predict the company's share price to reach $14.63 in the next year. This suggests a possible upside of 33.9% from the stock's current price. View analysts price targets for TASK or view top-rated stocks among Wall Street analysts .

How have TASK shares performed in 2024?

TaskUs' stock was trading at $13.07 on January 1st, 2024. Since then, TASK stock has decreased by 16.4% and is now trading at $10.92. View the best growth stocks for 2024 here .

Are investors shorting TaskUs?

TaskUs saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 1,710,000 shares, an increase of 37.9% from the March 15th total of 1,240,000 shares. Based on an average daily trading volume, of 216,800 shares, the days-to-cover ratio is currently 7.9 days. Currently, 10.1% of the company's shares are short sold. View TaskUs' Short Interest .

When is TaskUs' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024. View our TASK earnings forecast .

How were TaskUs' earnings last quarter?

TaskUs, Inc. (NASDAQ:TASK) released its quarterly earnings data on Wednesday, February, 28th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. The business had revenue of $234.26 million for the quarter, compared to the consensus estimate of $225.96 million. TaskUs had a trailing twelve-month return on equity of 16.91% and a net margin of 4.94%.

What ETF holds TaskUs' stock?

SoFi Web 3 ETF holds 298 shares of TASK stock, representing 0.23% of its portfolio.

What guidance has TaskUs issued on next quarter's earnings?

TaskUs updated its first quarter 2024 earnings guidance on Wednesday, February, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $222.5 million-$224.5 million, compared to the consensus revenue estimate of $219.0 million.

TaskUs (TASK) raised $304 million in an initial public offering on Friday, June 11th 2021. The company issued 13,200,000 shares at a price of $22.00-$24.00 per share. Goldman Sachs, J.P. Morgan, BofA Securities, Morgan Stanley, Baird, RBC Capital Markets, Wells Fargo Securities and William Blair served as the underwriters for the IPO and Blackstone, TD Securities, BTIG, Fifth Third Securities, AmeriVet Securities, Blaylock Van, LLC, C.L. King & Associates and Penserra Securities LLC were co-managers.

How do I buy shares of TaskUs?

Shares of TASK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:TASK

TaskUs (TASK) Stock Price, News & Analysis

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$10.92

+0.25 (+2.34%)

(As of 05:45 PM ET)

Compare

Today's Range: $10.69
▼
$11.14
50-Day Range: $10.67
▼
$13.33
52-Week Range: $7.95
▼
$14.67

Volume: 162,687 shs
Average Volume: 213,655 shs
Market Capitalization: $968.28 million

P/E Ratio: 23.23
Dividend Yield: N/A
Price Target: $14.63

Get TaskUs alerts:

TaskUs MarketRank™ Stock Analysis

Analyst Rating: Hold
2.14 Rating Score
Upside/Downside: 33.9% Upside
$14.63 Price Target
Short Interest: Bearish
10.06% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.62
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 17.33%
From $0.75 to $0.88 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.22 out of 5 stars

Computer And Technology Sector

268th out of 588 stocks

Data Processing & Preparation Industry

21st out of 58 stocks

3.1

Analyst's Opinion

Consensus Rating
TaskUs has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 2 buy ratings, 4 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
TaskUs has only been the subject of 3 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
10.06% of the float of TaskUs has been sold short.
Short Interest Ratio / Days to Cover
TaskUs has a short interest ratio ("days to cover") of 7.9.
Change versus previous month
Short interest in TaskUs has recently increased by 37.90%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
TaskUs does not currently pay a dividend.
Dividend Growth
TaskUs does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TASK.

3.1

News and Social Media Coverage

News Sentiment
TaskUs has a news sentiment score of 0.62. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.45 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for TaskUs this week, compared to 2 articles on an average week.
Search Interest
Only 1 people have searched for TASK on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
3 people have added TaskUs to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TaskUs insiders have not sold or bought any company stock.
Percentage Held by Insiders
25.13% of the stock of TaskUs is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
44.64% of the stock of TaskUs is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for TaskUs are expected to grow by 17.33% in the coming year, from $0.75 to $0.88 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of TaskUs is 23.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.92.
Price to Earnings Ratio vs. Sector
The P/E ratio of TaskUs is 23.23, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 262.94.
Price to Earnings Growth Ratio
TaskUs has a PEG Ratio of 2.99. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
TaskUs has a P/B Ratio of 2.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About TaskUs Stock (NASDAQ:TASK)

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. The company also provides trust and safety solutions, such as review and disposition of user and advertiser generated visual, text, and audio content, which include removal or labeling of policy violating, and offensive or misleading content, as well as risk management, compliance, identity management, and fraud services; and artificial intelligence (AI) solutions that consist of data labeling, annotation, context relevance, and transcription services for training and tuning machine learning algorithms that enables to develop AI systems. It serves clients in various industry segments comprising e-commerce, FinTech, food delivery and ride sharing, gaming, technology, HealthTech, social media, and streaming media. The company was formerly known as TU TopCo, Inc. and changed its name to TaskUs, Inc. in December 2020. TaskUs, Inc. was founded in 2008 and is headquartered in New Braunfels, Texas.

TASK Stock Price History

30 days | 90 days | 365 days | Advanced Chart

TASK Stock News Headlines

April 17, 2024 | finance.yahoo.com

TaskUs, Inc. to Announce First Quarter 2024 Financial Results on May 8, 2024

April 17, 2024 | businesswire.com

TaskUs, Inc. to Announce First Quarter 2024 Financial Results on May 8, 2024

April 17, 2024 | Paradigm Press (Ad)

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Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…

April 15, 2024 | americanbankingnews.com

TaskUs, Inc. (NASDAQ:TASK) Short Interest Update

April 13, 2024 | investorplace.com

3 AI Stocks Trading Below Their True Potential

April 12, 2024 | uk.investing.com

TaskUs Named a Leader in Everest Group's Trust and Safety Services PEAK Matrix ® Assessment 2024

April 10, 2024 | finance.yahoo.com

TaskUs Named a Leader in Everest Group’s Trust and Safety Services PEAK Matrix® Assessment 2024

April 10, 2024 | businesswire.com

TaskUs Named a Leader in Everest Group's Trust and Safety Services PEAK Matrix® Assessment 2024

April 17, 2024 | Paradigm Press (Ad)

Could Bitcoin Literally FORCE This Crypto To Rocket Up?

Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…

April 6, 2024 | finance.yahoo.com

Individual investors invested in TaskUs, Inc. (NASDAQ:TASK) copped the brunt of last week's US$76m market cap decline

March 25, 2024 | businesswire.com

TaskUs and V7 Announce Strategic Partnership To Enable Enterprise AI Product Delivery

March 22, 2024 | stocknews.com

3 Tech Stocks on the Rise This Week

March 19, 2024 | markets.businessinsider.com

4 Analysts Assess TaskUs: What You Need To Know

March 10, 2024 | finance.yahoo.com

TaskUs Full Year 2023 Earnings: EPS Beats Expectations

March 6, 2024 | stockhouse.com

TaskUs, Quavo Partner to Expand Respective Risk + Response Offerings

March 6, 2024 | seekingalpha.com

TaskUs: Digital Experiences, AI Services To Drive Revenue Growth

March 2, 2024 | finance.yahoo.com

Results: TaskUs, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates

March 1, 2024 | seekingalpha.com

TaskUs, Inc. (TASK) Q4 2023 Earnings Call Transcript

March 1, 2024 | markets.businessinsider.com

Buy Rating for TaskUs: Strong Q4 Performance and High Profit Margins Signal Growth Amidst Industry Challenges

February 29, 2024 | markets.businessinsider.com

TaskUs Performance Review: Solid Growth Outlook with Caution on Margins and Valuation

February 29, 2024 | markets.businessinsider.com

Buy Rating Affirmed for TaskUs on Strong Q4 Performance and Promising 2024 Outlook

February 29, 2024 | fool.com

Why TaskUs Stock Popped Today

February 29, 2024 | finance.yahoo.com

TaskUs, Inc. (NASDAQ:TASK) Q4 2023 Earnings Call Transcript

February 28, 2024 | sfgate.com

TaskUs: Q4 Earnings Snapshot

February 28, 2024 | finance.yahoo.com

TaskUs Announces Fiscal Fourth Quarter and Full Year 2023 Results

February 28, 2024 | finance.yahoo.com

TaskUs Inc (TASK) Reports Fiscal Q4 and Full Year 2023 Results Amid Economic Challenges

February 27, 2024 | finance.yahoo.com

TaskUs, Inc. (TASK) Interactive Stock Chart - Yahoo Finance

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Company Calendar

Last Earnings: 2/28/2024
Today: 4/17/2024
Next Earnings (Estimated): 5/13/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Data processing & preparation
Sub-Industry: N/A
Current Symbol: NASDAQ:TASK
CUSIP: N/A
CIK: 1829864
Web: www.taskus.com
Phone: 888-400-8275
Fax: N/A
Employees: 48,200
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $14.63
High Stock Price Target: $23.00
Low Stock Price Target: $12.00
Potential Upside/Downside: +32.5%
Consensus Rating: Hold
Rating Score (0-4): 2.14
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.47
Trailing P/E Ratio: 23.49
Forward P/E Ratio: 14.72
P/E Growth: 2.99
Net Income: $45.69 million
Net Margins: 4.94%
Pretax Margin: 8.12%
Return on Equity: 16.91%
Return on Assets: 8.52%

Debt

Debt-to-Equity Ratio: 0.58
Current Ratio: 3.23
Quick Ratio: 3.23

Sales & Book Value

Annual Sales: $924.36 million
Price / Sales: 1.06
Cash Flow: $1.58 per share
Price / Cash Flow: 7.00
Book Value: $4.97 per share
Price / Book: 2.22

Miscellaneous

Outstanding Shares: 88,670,000
Free Float: 66,385,000
Market Cap: $978.92 million
Optionable: Optionable
Beta: 2.35

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Key Executives

Mr. Bryce Maddock (Age 37)
Co-Founder, CEO & Chairman
Comp: $31.22k
Mr. Stephan Daoust (Age 49)
Chief Operating Officer
Comp: $384.59k
Ms. Claudia Franco Walsh (Age 48)
General Counsel & Corporate Secretary
Comp: $373.77k
Mr. Jaspar Weir (Age 38)
Co-Founder, President & Director
Comp: $159.46k
Mr. Balaji Sekar (Age 48)
Chief Financial Officer
Comp: $521.67k
Mr. Steven Amaya
Senior VP & Principal Accounting Office
Mr. Chandrasekar Venkataramani
Chief Information Officer
Trent Thrash
Senior VP of Corporate Development & Interim Head of Investor Relations
Mr. Charley Lemaster
Senior Vice President of Sales
Mr. Jarrod Johnson (Age 46)
Chief Customer Officer
Comp: $878.93k

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

TASK Stock Analysis - Frequently Asked Questions

Should I buy or sell TaskUs stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TaskUs in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TASK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TASK, but not buy additional shares or sell existing shares.
View TASK analyst ratings or view top-rated stocks.
What is TaskUs' stock price target for 2024?: 7 brokers have issued 12-month target prices for TaskUs' stock. Their TASK share price targets range from $12.00 to $23.00. On average, they predict the company's share price to reach $14.63 in the next year. This suggests a possible upside of 33.9% from the stock's current price.
View analysts price targets for TASK or view top-rated stocks among Wall Street analysts.
How have TASK shares performed in 2024?: TaskUs' stock was trading at $13.07 on January 1st, 2024. Since then, TASK stock has decreased by 16.4% and is now trading at $10.92.
View the best growth stocks for 2024 here.
Are investors shorting TaskUs?: TaskUs saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 1,710,000 shares, an increase of 37.9% from the March 15th total of 1,240,000 shares. Based on an average daily trading volume, of 216,800 shares, the days-to-cover ratio is currently 7.9 days. Currently, 10.1% of the company's shares are short sold.
View TaskUs' Short Interest.
When is TaskUs' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
View our TASK earnings forecast.
How were TaskUs' earnings last quarter?: TaskUs, Inc. (NASDAQ:TASK) released its quarterly earnings data on Wednesday, February, 28th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. The business had revenue of $234.26 million for the quarter, compared to the consensus estimate of $225.96 million. TaskUs had a trailing twelve-month return on equity of 16.91% and a net margin of 4.94%.

What ETF holds TaskUs' stock?: SoFi Web 3 ETF holds 298 shares of TASK stock, representing 0.23% of its portfolio.
What guidance has TaskUs issued on next quarter's earnings?: TaskUs updated its first quarter 2024 earnings guidance on Wednesday, February, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $222.5 million-$224.5 million, compared to the consensus revenue estimate of $219.0 million.
When did TaskUs IPO?: TaskUs (TASK) raised $304 million in an initial public offering on Friday, June 11th 2021. The company issued 13,200,000 shares at a price of $22.00-$24.00 per share. Goldman Sachs, J.P. Morgan, BofA Securities, Morgan Stanley, Baird, RBC Capital Markets, Wells Fargo Securities and William Blair served as the underwriters for the IPO and Blackstone, TD Securities, BTIG, Fifth Third Securities, AmeriVet Securities, Blaylock Van, LLC, C.L. King & Associates and Penserra Securities LLC were co-managers.
How do I buy shares of TaskUs?: Shares of TASK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:TASK) was last updated on 4/17/2024 by MarketBeat.com Staff

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