TaskUs, Inc. (NASDAQ:TASK) Given Average Recommendation of “Hold” by Analysts

TaskUs, Inc. (NASDAQ:TASK) has been given an average recommendation of “Hold” by the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $17.1667.

Several brokerages have recently issued reports on TASK. Morgan Stanley downgraded shares of TaskUs from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $21.00 to $16.50 in a report on Tuesday, September 9th. Baird R W upgraded shares of TaskUs from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Robert W. Baird upped their target price on shares of TaskUs from $16.50 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Zacks Research lowered shares of TaskUs from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of TaskUs in a report on Wednesday, October 8th.

TaskUs Stock Up 0.7%

NASDAQ:TASK opened at $11.46 on Thursday. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.40. The stock has a 50 day moving average of $12.24 and a 200-day moving average of $15.33. The firm has a market capitalization of $1.04 billion, a PE ratio of 12.87 and a beta of 2.12. TaskUs has a 52 week low of $10.68 and a 52 week high of $18.59.

TaskUs (NASDAQ:TASK) last released its quarterly earnings data on Friday, November 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $298.71 million during the quarter, compared to analyst estimates of $286.71 million. TaskUs had a return on equity of 21.27% and a net margin of 7.11%. Analysts predict that TaskUs will post 0.9 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Hudson Bay Capital Management LP bought a new position in shares of TaskUs in the third quarter worth $17,796,000. Qube Research & Technologies Ltd acquired a new stake in TaskUs in the second quarter worth about $16,325,000. Calamos Advisors LLC bought a new position in TaskUs in the 2nd quarter valued at about $8,212,000. Think Investments LP increased its stake in TaskUs by 14.8% during the 2nd quarter. Think Investments LP now owns 3,734,665 shares of the company’s stock valued at $62,593,000 after buying an additional 481,307 shares during the period. Finally, Vanguard Group Inc. increased its stake in TaskUs by 39.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,536,748 shares of the company’s stock valued at $27,431,000 after buying an additional 435,892 shares during the period. Institutional investors and hedge funds own 44.64% of the company’s stock.

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.