TaskUs (NASDAQ:TASK) Earns Outperform Rating from Analysts at Wedbush

Wedbush assumed coverage on shares of TaskUs (NASDAQ:TASK) in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. The firm issued an outperform rating and a $15.00 target price on the stock.

A number of other equities research analysts have also recently commented on the company. Zacks Research cut TaskUs from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Wall Street Zen raised shares of TaskUs to a “strong-buy” rating in a research report on Saturday, January 17th. Royal Bank Of Canada boosted their target price on shares of TaskUs from $16.50 to $17.00 and gave the company a “sector perform” rating in a research note on Monday, November 10th. Weiss Ratings restated a “hold (c)” rating on shares of TaskUs in a research note on Wednesday, October 8th. Finally, Robert W. Baird raised TaskUs from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.63.

TaskUs Stock Performance

Shares of TASK opened at $10.56 on Tuesday. 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 $954.84 million, a price-to-earnings ratio of 11.87 and a beta of 2.12. The stock has a 50 day moving average of $11.56 and a 200 day moving average of $14.17. TaskUs has a 12 month low of $10.51 and a 12 month high of $18.59.

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 for 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, sell-side analysts forecast that TaskUs will post 0.9 earnings per share for the current year.

Hedge Funds Weigh In On TaskUs

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake in shares of TaskUs by 0.3% during the 2nd 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 grew its holdings in 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 buying an additional 716 shares in the last quarter. Harbor Capital Advisors Inc. increased 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 valued at $89,000 after buying an additional 896 shares during the period. FNY Investment Advisers LLC lifted its holdings in shares of TaskUs by 40.0% in the fourth quarter. FNY Investment Advisers LLC now owns 3,500 shares of the company’s stock worth $41,000 after buying an additional 1,000 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in shares of 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 period. 44.64% of the stock is 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.