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

Shares of TaskUs, Inc. (NASDAQ:TASK) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued 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 brokerages that have updated their coverage on the stock in the last year is $17.1667.

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

TaskUs Price Performance

Shares of NASDAQ TASK opened at $11.71 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 company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 13.16 and a beta of 2.12. TaskUs has a twelve month low of $10.68 and a twelve month high of $18.59. The business has a 50 day simple moving average of $12.13 and a 200-day simple moving average of $15.21.

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

Institutional Investors Weigh In On TaskUs

A number of hedge funds have recently added to or reduced their stakes in TASK. Strategic Advocates LLC acquired a new position in shares of TaskUs during the third quarter valued at $41,000. FNY Investment Advisers LLC bought a new stake in TaskUs in the 3rd quarter valued at about $44,000. New York State Common Retirement Fund bought a new stake in TaskUs in the 2nd quarter valued at about $67,000. Harbor Capital Advisors Inc. boosted its stake in TaskUs by 21.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 4,994 shares of the company’s stock valued at $89,000 after purchasing an additional 896 shares during the period. Finally, Quarry LP bought a new position in TaskUs in the 1st quarter worth about $83,000. 44.64% of the stock is currently owned by institutional investors.

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.