TaskUs (NASDAQ:TASK) Price Target Cut to $14.00 by Analysts at Wedbush

TaskUs (NASDAQ:TASK) had its price objective cut by Wedbush from $15.00 to $14.00 in a research note released on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms have also commented on TASK. Royal Bank Of Canada decreased their price objective on shares of TaskUs from $17.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 26th. Morgan Stanley dropped their target price on shares of TaskUs from $16.50 to $12.00 and set an “equal weight” rating for the company in a report on Friday, February 27th. Wall Street Zen cut shares of TaskUs from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. Finally, Piper Sandler downgraded shares of TaskUs to a “neutral” rating in a report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $14.25.

TaskUs Stock Performance

NASDAQ TASK opened at $11.00 on Monday. TaskUs has a 1-year low of $9.55 and a 1-year high of $18.39. The company has a market capitalization of $996.16 million, a P/E ratio of 9.91 and a beta of 2.11. The business has a 50 day moving average price of $10.76 and a 200 day moving average price of $12.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.12 and a quick ratio of 3.12.

TaskUs (NASDAQ:TASK) last posted its earnings results on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The company had revenue of $312.96 million for the quarter, compared to the consensus estimate of $303.68 million. TaskUs had a return on equity of 22.52% and a net margin of 8.64%. Sell-side analysts expect that TaskUs will post 0.9 EPS for the current fiscal year.

TaskUs Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strategic Advocates LLC acquired a new stake in shares of TaskUs during the 3rd quarter worth about $41,000. Allworth Financial LP raised its position in shares of TaskUs by 9,224.0% in the fourth quarter. Allworth Financial LP now owns 2,331 shares of the company’s stock valued at $27,000 after buying an additional 2,306 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of TaskUs in the third quarter valued at approximately $44,000. New York State Common Retirement Fund purchased a new position in shares of TaskUs during the second quarter valued at approximately $67,000. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of 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 buying an additional 896 shares during the period. 44.64% of the stock is currently owned by hedge funds and other institutional investors.

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.