TaskUs, Inc. (NASDAQ:TASK) Receives Average Recommendation of “Hold” from Analysts

Shares of TaskUs, Inc. (NASDAQ:TASK) have been assigned an average rating of “Hold” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $17.1667.

Several brokerages have issued reports on TASK. Zacks Research lowered shares of TaskUs from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Robert W. Baird lifted their target price on shares of TaskUs from $16.50 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. The Goldman Sachs Group raised shares of TaskUs to a “strong sell” rating in a research report on Monday, November 10th. Baird R W upgraded shares of TaskUs from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of TaskUs in a report on Wednesday, October 8th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Strategic Advocates LLC acquired a new stake in shares of TaskUs in the 3rd quarter valued at $41,000. FNY Investment Advisers LLC acquired a new stake in shares of TaskUs during the 3rd quarter worth about $44,000. New York State Common Retirement Fund bought a new position in TaskUs during the 2nd quarter valued at about $67,000. Harbor Capital Advisors Inc. boosted its position in TaskUs by 21.9% in the third quarter. Harbor Capital Advisors Inc. now owns 4,994 shares of the company’s stock valued at $89,000 after buying an additional 896 shares in the last quarter. Finally, Quarry LP bought a new stake in TaskUs during the first quarter worth about $83,000. 44.64% of the stock is currently owned by institutional investors and hedge funds.

TaskUs Price Performance

Shares of TASK stock opened at $11.46 on Thursday. The stock has a 50 day moving average of $12.24 and a two-hundred day moving average of $15.33. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.40. TaskUs has a 12 month low of $10.68 and a 12 month high of $18.59. The company has a market capitalization of $1.04 billion, a P/E ratio of 12.87 and a beta of 2.12.

TaskUs (NASDAQ:TASK) last released its quarterly earnings data on Friday, November 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $298.71 million for the quarter, compared to analysts’ expectations of $286.71 million. TaskUs had a return on equity of 21.27% and a net margin of 7.11%. As a group, equities analysts expect that TaskUs will post 0.9 EPS for the current year.

TaskUs Company Profile

TaskUs, Inc is a leading provider of outsourced digital customer experience and business process solutions, specializing in high-touch services for technology and digital-native companies. The firm delivers a range of offerings including customer care, content moderation, trust and safety monitoring, back-office processing and AI operations support. By combining technology-driven platforms with human-centric workflows, TaskUs helps clients optimize operational efficiency and maintain brand integrity across digital channels.

The company was founded in 2008 by Jaspar Weir and Bryce Maddock with the goal of reimagining traditional outsourcing through a focus on culture, technology and innovation.