TaskUs (NASDAQ:TASK) Upgraded to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of TaskUs (NASDAQ:TASK) to a strong-buy rating in a report published on Saturday.

TASK has been the topic of several other research reports. The Goldman Sachs Group raised shares of TaskUs to a “strong sell” rating in a report on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of TaskUs in a research note on Wednesday, October 8th. Zacks Research lowered TaskUs from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Baird R W upgraded TaskUs from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Finally, Robert W. Baird increased their price target on TaskUs from $16.50 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $17.17.

TaskUs Price Performance

Shares of TaskUs stock opened at $11.61 on Friday. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 13.04 and a beta of 2.12. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 0.40. The stock’s 50-day simple moving average is $11.67 and its 200-day simple moving average is $14.72. TaskUs has a 52 week low of $10.68 and a 52 week high of $18.59.

TaskUs (NASDAQ:TASK) last issued its earnings results on Friday, November 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating 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 company had revenue of $298.71 million for the quarter, compared to the consensus estimate of $286.71 million. As a group, analysts expect that TaskUs will post 0.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TASK. Geode Capital Management LLC raised its position in TaskUs by 0.3% during the second quarter. Geode Capital Management LLC now owns 205,442 shares of the company’s stock valued at $3,444,000 after purchasing an additional 647 shares during the period. First Trust Advisors LP increased its position in shares of TaskUs by 1.3% during the 2nd quarter. First Trust Advisors LP now owns 54,531 shares of the company’s stock valued at $914,000 after purchasing an additional 716 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings 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 buying an additional 896 shares during the period. FNY Investment Advisers LLC raised its holdings in TaskUs by 40.0% during the 4th quarter. FNY Investment Advisers LLC now owns 3,500 shares of the company’s stock valued at $41,000 after buying an additional 1,000 shares during the period. Finally, Lazard Asset Management LLC lifted its position in TaskUs by 7.8% in the second quarter. Lazard Asset Management LLC now owns 18,522 shares of the company’s stock worth $308,000 after buying an additional 1,342 shares during the last quarter. Hedge funds and other 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.