Boothbay Fund Management LLC Takes Position in TaskUs, Inc. $TASK

Boothbay Fund Management LLC bought a new stake in shares of TaskUs, Inc. (NASDAQ:TASK) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 169,212 shares of the company’s stock, valued at approximately $3,020,000. Boothbay Fund Management LLC owned approximately 0.19% of TaskUs as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. New York State Common Retirement Fund bought a new position in shares of TaskUs during the 2nd quarter valued at about $67,000. Harbor Capital Advisors Inc. lifted its stake in TaskUs by 21.9% during the third quarter. Harbor Capital Advisors Inc. now owns 4,994 shares of the company’s stock valued at $89,000 after purchasing an additional 896 shares during the last quarter. Alamar Capital Management LLC bought a new stake in TaskUs during the third quarter worth approximately $196,000. OMERS ADMINISTRATION Corp bought a new stake in TaskUs during the second quarter worth approximately $211,000. Finally, IHT Wealth Management LLC acquired a new position in TaskUs in the second quarter worth approximately $274,000. 44.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Piper Sandler cut TaskUs to a “neutral” rating in a report on Friday, February 27th. Wall Street Zen lowered TaskUs from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. Wedbush started coverage on TaskUs in a research report on Tuesday, February 3rd. They set an “outperform” rating and a $15.00 target price on the stock. Royal Bank Of Canada reduced their target price on TaskUs from $17.00 to $13.00 and set a “sector perform” rating for the company in a report on Thursday, February 26th. Finally, Morgan Stanley decreased their price target on TaskUs from $16.50 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.50.

TaskUs Trading Up 1.8%

TaskUs stock opened at $10.38 on Tuesday. The company has a 50 day moving average price of $10.87 and a 200 day moving average price of $12.85. TaskUs, Inc. has a 52 week low of $9.55 and a 52 week high of $18.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.12 and a current ratio of 3.12. The firm has a market capitalization of $940.01 million, a price-to-earnings ratio of 9.35 and a beta of 2.11.

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

TaskUs Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th will be given a dividend of $3.65 per share.

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.