TaskUs, Inc. (NASDAQ:TASK) Receives $14.50 Consensus Price Target from Brokerages

Shares of TaskUs, Inc. (NASDAQ:TASK) have received a consensus recommendation of “Hold” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $14.50.

TASK has been the topic of a number of recent analyst reports. Royal Bank Of Canada decreased their price target on TaskUs from $17.00 to $13.00 and set a “sector perform” rating on the stock in a report on Thursday, February 26th. Morgan Stanley dropped their price objective on TaskUs from $16.50 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, February 27th. Wall Street Zen downgraded TaskUs from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. Wedbush began coverage on TaskUs in a report on Tuesday, February 3rd. They issued an “outperform” rating and a $15.00 price target on the stock. Finally, Piper Sandler downgraded TaskUs to a “neutral” rating in a research note on Friday, February 27th.

Hedge Funds Weigh In On TaskUs

Institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in TaskUs by 0.3% during the second quarter. Geode Capital Management LLC now owns 205,442 shares of the company’s stock worth $3,444,000 after acquiring an additional 647 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of TaskUs by 1.3% in the 2nd quarter. First Trust Advisors LP now owns 54,531 shares of the company’s stock valued at $914,000 after purchasing an additional 716 shares during the last quarter. 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 worth $89,000 after purchasing an additional 896 shares during the period. FNY Investment Advisers LLC boosted its holdings in shares of TaskUs by 40.0% in the 4th quarter. FNY Investment Advisers LLC now owns 3,500 shares of the company’s stock worth $41,000 after purchasing an additional 1,000 shares during the period. Finally, Lazard Asset Management LLC increased its position in shares of TaskUs by 7.8% during the 2nd quarter. Lazard Asset Management LLC now owns 18,522 shares of the company’s stock valued at $308,000 after purchasing an additional 1,342 shares during the last quarter. 44.64% of the stock is owned by hedge funds and other institutional investors.

TaskUs Stock Performance

TASK opened at $10.34 on Tuesday. The company has a 50 day simple moving average of $10.92 and a two-hundred day simple moving average of $13.02. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.12 and a quick ratio of 3.12. The firm has a market cap of $934.94 million, a P/E ratio of 9.32 and a beta of 2.11. TaskUs has a 1-year low of $9.55 and a 1-year high of $18.39.

TaskUs (NASDAQ:TASK) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. The firm had revenue of $312.96 million for the quarter, compared to the consensus estimate of $303.68 million. TaskUs had a net margin of 8.64% and a return on equity of 22.52%. Equities analysts forecast that TaskUs will post 0.9 earnings per share for the current fiscal year.

TaskUs Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th will be issued a $3.65 dividend.

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.