TaskUs, Inc. (NASDAQ:TASK) Receives Consensus Rating of “Hold” from Analysts

Shares of TaskUs, Inc. (NASDAQ:TASK) have received a consensus recommendation of “Hold” from the eight analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $11.20.

A number of analysts have recently weighed in on TASK shares. Morgan Stanley set a $6.00 price objective on shares of TaskUs in a research note on Friday, May 8th. Piper Sandler lowered shares of TaskUs to a “neutral” rating in a research report on Friday, February 27th. Wall Street Zen lowered shares of TaskUs from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Royal Bank Of Canada dropped their target price on shares of TaskUs from $17.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 26th. Finally, Wedbush dropped their target price on shares of TaskUs from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th.

TaskUs Price Performance

Shares of TaskUs stock opened at $4.99 on Thursday. The firm has a fifty day simple moving average of $6.11 and a 200-day simple moving average of $9.02. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 1.73. TaskUs has a 1-year low of $4.80 and a 1-year high of $18.39. The stock has a market capitalization of $456.98 million, a price-to-earnings ratio of 4.38 and a beta of 1.85.

TaskUs (NASDAQ:TASK) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. TaskUs had a net margin of 8.70% and a return on equity of 24.93%. The business had revenue of $306.27 million during the quarter, compared to analysts’ expectations of $296.68 million. On average, sell-side analysts expect that TaskUs will post 1.08 earnings per share for the current year.

Insider Transactions at TaskUs

In related news, insider Jarrod Johnson sold 25,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $6.78, for a total transaction of $169,500.00. Following the transaction, the insider owned 36,536 shares of the company’s stock, valued at approximately $247,714.08. The trade was a 40.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 31.92% of the company’s stock.

Hedge Funds Weigh In On TaskUs

A number of institutional investors and hedge funds have recently bought and sold shares of TASK. Allworth Financial LP increased its position in TaskUs by 9,224.0% during the fourth quarter. Allworth Financial LP now owns 2,331 shares of the company’s stock worth $27,000 after acquiring an additional 2,306 shares during the period. FNY Investment Advisers LLC increased its position in TaskUs by 40.0% during the fourth quarter. FNY Investment Advisers LLC now owns 3,500 shares of the company’s stock worth $41,000 after acquiring an additional 1,000 shares during the period. Strategic Advocates LLC bought a new stake in TaskUs in the 3rd quarter valued at $41,000. State of Wyoming bought a new stake in TaskUs in the 4th quarter valued at $59,000. Finally, New York State Common Retirement Fund bought a new stake in TaskUs in the 2nd quarter valued at $67,000. Institutional investors own 44.64% of the company’s stock.

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.