Analysts Set TaskUs, Inc. (NASDAQ:TASK) Price Target at $11.20

TaskUs, Inc. (NASDAQ:TASK) has been given an average rating of “Hold” by the eight brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $11.20.

TASK has been the subject of several research reports. Wedbush cut their target price on shares of TaskUs from $14.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Morgan Stanley set a $6.00 price target on TaskUs in a research note on Friday, May 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TaskUs in a report on Tuesday. The Goldman Sachs Group cut their price objective on TaskUs from $10.00 to $7.00 and set a “sell” rating for the company in a report on Thursday, May 7th. Finally, Wall Street Zen cut TaskUs from a “buy” rating to a “hold” rating in a report on Monday, May 11th.

TaskUs Stock Performance

NASDAQ TASK opened at $5.83 on Monday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 2.75 and a current ratio of 2.75. The stock’s fifty day moving average is $5.54 and its two-hundred day moving average is $8.15. The firm has a market capitalization of $533.91 million, a P/E ratio of 5.11 and a beta of 1.89. TaskUs has a fifty-two week low of $4.47 and a fifty-two week high of $18.39.

TaskUs (NASDAQ:TASK) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $306.27 million during the quarter, compared to analysts’ expectations of $296.68 million. TaskUs had a net margin of 8.70% and a return on equity of 24.93%. On average, research analysts anticipate that TaskUs will post 1.1 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Strategic Advocates LLC bought a new stake in shares of TaskUs in the 3rd quarter worth approximately $41,000. Allworth Financial LP grew its holdings in shares of TaskUs by 9,224.0% during the 4th quarter. Allworth Financial LP now owns 2,331 shares of the company’s stock valued at $27,000 after purchasing an additional 2,306 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of TaskUs during the 3rd quarter valued at $44,000. New York State Common Retirement Fund purchased a new position in TaskUs in the 2nd quarter worth $67,000. Finally, State of Wyoming purchased a new position in TaskUs in the 4th quarter worth $59,000. 44.64% of the stock is currently owned by institutional investors.

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.