TaskUs, Inc. (NASDAQ:TASK) Receives $16.63 Consensus PT from Brokerages

Shares of TaskUs, Inc. (NASDAQ:TASK) have been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $16.6250.

Several equities research analysts recently weighed in on TASK shares. The Goldman Sachs Group raised shares of TaskUs to a “strong sell” rating in a research report on Monday, November 10th. Zacks Research downgraded TaskUs from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Wedbush initiated coverage on TaskUs in a report on Tuesday, February 3rd. They issued an “outperform” rating and a $15.00 target price for the company. Wall Street Zen upgraded TaskUs to a “strong-buy” rating in a research note on Saturday, January 17th. Finally, Royal Bank Of Canada upped their price target on TaskUs from $16.50 to $17.00 and gave the company a “sector perform” rating in a report on Monday, November 10th.

Institutional Trading of TaskUs

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its stake in shares of TaskUs by 0.3% in the second quarter. Geode Capital Management LLC now owns 205,442 shares of the company’s stock worth $3,444,000 after purchasing an additional 647 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of TaskUs by 1.3% during the 2nd quarter. First Trust Advisors LP now owns 54,531 shares of the company’s stock valued at $914,000 after buying an additional 716 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in 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 buying an additional 896 shares during the period. FNY Investment Advisers LLC increased its stake in 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 buying an additional 1,000 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in TaskUs by 7.8% in the 2nd quarter. Lazard Asset Management LLC now owns 18,522 shares of the company’s stock worth $308,000 after buying an additional 1,342 shares in the last quarter. 44.64% of the stock is currently owned by institutional investors.

TaskUs Stock Performance

Shares of TASK stock opened at $10.02 on Friday. The company has a market capitalization of $906.01 million, a price-to-earnings ratio of 11.26 and a beta of 2.12. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.89 and a current ratio of 2.89. TaskUs has a one year low of $9.55 and a one year high of $18.59. The company’s 50-day moving average is $11.37 and its 200 day moving average is $13.84.

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.