TaskUs (NASDAQ:TASK) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of TaskUs (NASDAQ:TASK) to a strong sell rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities research analysts have also issued reports on TASK. Morgan Stanley lowered TaskUs from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $21.00 to $16.50 in a research note on Tuesday, September 9th. Robert W. Baird boosted their price target on TaskUs from $16.50 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TaskUs in a research report on Wednesday, October 8th. Royal Bank Of Canada lifted their price objective on shares of TaskUs from $16.50 to $17.00 and gave the company a “sector perform” rating in a research note on Monday. Finally, Baird R W raised shares of TaskUs from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, TaskUs currently has an average rating of “Hold” and an average price target of $17.38.

TaskUs Price Performance

Shares of NASDAQ TASK opened at $11.83 on Monday. The company has a current ratio of 2.89, a quick ratio of 2.84 and a debt-to-equity ratio of 0.40. The company’s 50-day moving average price is $15.38 and its 200 day moving average price is $16.22. TaskUs has a 52 week low of $11.26 and a 52 week high of $18.60. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 13.29 and a beta of 2.11.

TaskUs (NASDAQ:TASK) last announced its earnings results on Friday, November 7th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. TaskUs had a net margin of 7.11% and a return on equity of 21.27%. The firm had revenue of $298.71 million during 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. As a group, research analysts forecast that TaskUs will post 0.9 earnings per share for the current fiscal year.

Institutional Trading of TaskUs

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Qube Research & Technologies Ltd acquired a new stake in shares of TaskUs in the 2nd quarter valued at about $16,325,000. Calamos Advisors LLC acquired a new position in TaskUs in the second quarter worth about $8,212,000. Think Investments LP increased its holdings in TaskUs by 14.8% in the second quarter. Think Investments LP now owns 3,734,665 shares of the company’s stock valued at $62,593,000 after buying an additional 481,307 shares during the last quarter. Vanguard Group Inc. raised its stake in TaskUs by 39.6% during the third quarter. Vanguard Group Inc. now owns 1,536,748 shares of the company’s stock valued at $27,431,000 after buying an additional 435,892 shares in the last quarter. Finally, Trium Capital LLP acquired a new stake in TaskUs during the third quarter valued at approximately $7,215,000. Institutional investors own 44.64% of the company’s stock.

TaskUs Company Profile

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.