TaskUs, Inc. (NASDAQ:TASK) Receives Consensus Rating of “Hold” from Brokerages

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

Several analysts have issued reports on the stock. Royal Bank Of Canada increased their price objective on shares of TaskUs from $16.50 to $17.00 and gave the company a “sector perform” rating in a research report on Monday, November 10th. The Goldman Sachs Group upgraded shares of TaskUs to a “strong sell” rating in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TaskUs in a report on Wednesday, October 8th. Zacks Research downgraded shares of TaskUs from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. 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.

TaskUs Stock Up 0.7%

Shares of NASDAQ TASK opened at $11.46 on Thursday. The stock has a fifty day moving average price of $12.24 and a 200 day moving average price 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 cap of $1.04 billion, a P/E ratio of 12.87 and a beta of 2.12.

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

Institutional Investors Weigh In On TaskUs

Several hedge funds and other institutional investors have recently bought and sold shares of TASK. Strategic Advocates LLC bought a new position in TaskUs during the third quarter worth $41,000. FNY Investment Advisers LLC acquired a new stake in shares of TaskUs during the third quarter worth $44,000. New York State Common Retirement Fund bought a new position in shares of TaskUs in the 2nd quarter worth about $67,000. Quarry LP bought a new position in shares of TaskUs in the 1st quarter worth about $83,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of TaskUs by 21.9% in the 3rd 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 during the period. 44.64% of the stock is currently owned by hedge funds and other institutional investors.

About TaskUs

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.