TaskUs, Inc. (NASDAQ:TASK) Receives $14.25 Consensus Price Target from Brokerages

TaskUs, Inc. (NASDAQ:TASK) has been given a consensus recommendation of “Hold” by the nine research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $14.25.

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada lowered 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of TaskUs in a report on Thursday. Wedbush lowered their price target on TaskUs from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Morgan Stanley lowered their price target on TaskUs from $16.50 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, February 27th. Finally, Piper Sandler cut TaskUs to a “neutral” rating in a research report on Friday, February 27th.

Insider Transactions at TaskUs

In related news, insider Jarrod Johnson sold 11,406 shares of TaskUs stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $6.89, for a total transaction of $78,587.34. Following the completion of the sale, the insider owned 25,130 shares of the company’s stock, valued at approximately $173,145.70. This trade represents a 31.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 30.63% of the company’s stock.

Institutional Trading of TaskUs

Institutional investors have recently bought and sold shares of the company. Trium Capital LLP acquired a new stake in TaskUs during the third quarter valued at $7,215,000. Boothbay Fund Management LLC acquired a new stake in shares of TaskUs in the third quarter worth about $3,020,000. Hudson Bay Capital Management LP acquired a new stake in shares of TaskUs in the third quarter worth about $17,796,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of TaskUs in the third quarter worth about $842,000. Finally, CenterBook Partners LP acquired a new stake in shares of TaskUs in the third quarter worth about $2,806,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

TaskUs Stock Performance

Shares of TASK stock opened at $6.72 on Friday. TaskUs has a 1-year low of $6.20 and a 1-year high of $18.39. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $608.56 million, a price-to-earnings ratio of 6.05 and a beta of 2.06. The stock’s fifty day simple moving average is $9.96 and its 200-day simple moving average is $11.90.

TaskUs (NASDAQ:TASK) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. TaskUs had a return on equity of 22.52% and a net margin of 8.64%.The business had revenue of $312.96 million for the quarter, compared to the consensus estimate of $303.68 million. On average, sell-side analysts predict that TaskUs will post 0.9 earnings per share for the current fiscal year.

TaskUs Dividend Announcement

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

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.