TaskUs, Inc. (NASDAQ:TASK) Receives $17.17 Average Price Target from Analysts

Shares of TaskUs, Inc. (NASDAQ:TASK) have received a consensus recommendation of “Hold” from the seven research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $17.1667.

TASK has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TaskUs in a report on Wednesday, October 8th. Royal Bank Of Canada lifted their price objective on TaskUs from $16.50 to $17.00 and gave the company a “sector perform” rating in a report on Monday, November 10th. Robert W. Baird raised TaskUs from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Zacks Research lowered TaskUs from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Finally, The Goldman Sachs Group upgraded TaskUs to a “strong sell” rating in a research report on Monday, November 10th.

TaskUs Stock Performance

TASK opened at $11.29 on Monday. The stock has a 50-day moving average of $11.62 and a 200-day moving average of $14.55. TaskUs has a 52-week low of $10.68 and a 52-week high of $18.59. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.89 and a current ratio of 2.89. The company has a market cap of $1.02 billion, a PE ratio of 12.69 and a beta of 2.12.

TaskUs (NASDAQ:TASK) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. The business had revenue of $298.71 million during the quarter, compared to analysts’ expectations of $286.71 million. TaskUs had a return on equity of 21.27% and a net margin of 7.11%. As a group, equities research analysts forecast that TaskUs will post 0.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TASK. Geode Capital Management LLC raised its position in TaskUs by 0.3% in the 2nd 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 during the last quarter. First Trust Advisors LP increased its stake in shares of TaskUs by 1.3% in 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 during the period. Harbor Capital Advisors Inc. raised its position 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 worth $89,000 after acquiring an additional 896 shares during the last quarter. FNY Investment Advisers LLC lifted its stake in shares of TaskUs by 40.0% during the fourth quarter. FNY Investment Advisers LLC now owns 3,500 shares of the company’s stock valued at $41,000 after acquiring an additional 1,000 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in TaskUs by 7.8% in the second quarter. Lazard Asset Management LLC now owns 18,522 shares of the company’s stock valued at $308,000 after acquiring an additional 1,342 shares during the last quarter. 44.64% of the stock is 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.