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

TaskUs, Inc. (NASDAQ:TASK) has been given an average rating of “Hold” by the eight brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $9.60.

TASK has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of TaskUs in a research report on Tuesday, July 14th. Morgan Stanley boosted their price objective on TaskUs from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Tuesday. Wedbush decreased their target price on TaskUs from $12.00 to $9.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. The Goldman Sachs Group lowered their target price on TaskUs from $10.00 to $7.00 and set a “sell” rating for the company in a report on Thursday, May 7th. Finally, Robert W. Baird set a $12.00 target price on TaskUs in a report on Thursday, August 6th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TASK. Saba Capital Management L.P. acquired a new position in shares of TaskUs in the first quarter valued at approximately $14,016,000. Qube Research & Technologies Ltd acquired a new stake in TaskUs during the 2nd quarter worth approximately $16,325,000. Irenic Capital Management LP purchased a new position in TaskUs in the 4th quarter valued at approximately $11,253,000. Dalton Investments Inc. purchased a new position in TaskUs in the 4th quarter valued at approximately $11,174,000. Finally, Calamos Advisors LLC acquired a new position in shares of TaskUs in the fourth quarter worth $8,549,000. Hedge funds and other institutional investors own 44.64% of the company’s stock.

TaskUs Price Performance

TaskUs stock opened at $7.27 on Friday. The company’s 50 day simple moving average is $5.69 and its 200-day simple moving average is $7.43. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.95 and a current ratio of 2.95. TaskUs has a 1 year low of $4.47 and a 1 year high of $18.39. The company has a market capitalization of $665.79 million, a price-to-earnings ratio of 6.27 and a beta of 1.87.

TaskUs (NASDAQ:TASK) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. TaskUs had a net margin of 8.75% and a return on equity of 27.02%. The firm had revenue of $308.86 million during the quarter, compared to analysts’ expectations of $297.58 million. As a group, equities research analysts expect that TaskUs will post 1.1 earnings per share for the current year.

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.