TaskUs (NASDAQ:TASK) Sets New 52-Week Low – Here’s Why

TaskUs, Inc. (NASDAQ:TASK) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $10.56 and last traded at $10.5850, with a volume of 31431 shares. The stock had previously closed at $10.73.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Zacks Research downgraded TaskUs from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Royal Bank Of Canada lifted their price objective on shares of TaskUs from $16.50 to $17.00 and gave the company a “sector perform” rating in a report on Monday, November 10th. Wall Street Zen upgraded shares of TaskUs to a “strong-buy” rating in a report on Saturday, January 17th. The Goldman Sachs Group raised shares of TaskUs to a “strong sell” rating in a research report on Monday, November 10th. Finally, Robert W. Baird raised TaskUs from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. One research 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. Based on data from MarketBeat, TaskUs presently has an average rating of “Hold” and a consensus price target of $16.63.

TaskUs Trading Up 1.1%

The company has a debt-to-equity ratio of 0.40, a current ratio of 2.89 and a quick ratio of 2.89. The business’s 50 day moving average is $11.54 and its 200 day moving average is $14.12. The stock has a market cap of $965.69 million, a price-to-earnings ratio of 12.00 and a beta of 2.12.

TaskUs (NASDAQ:TASK) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The company 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, equities analysts expect that TaskUs, Inc. will post 0.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TaskUs

Several hedge funds have recently added to or reduced their stakes in TASK. Goldman Sachs Group Inc. raised its holdings in TaskUs by 11.9% during the first quarter. Goldman Sachs Group Inc. now owns 183,889 shares of the company’s stock worth $2,506,000 after purchasing an additional 19,495 shares in the last quarter. Inspire Investing LLC grew its position in shares of TaskUs by 193.2% in the 2nd quarter. Inspire Investing LLC now owns 74,174 shares of the company’s stock valued at $1,243,000 after buying an additional 48,879 shares during the last quarter. Credit Industriel ET Commercial acquired a new stake in TaskUs during the 2nd quarter worth $1,447,000. Versor Investments LP purchased a new stake in TaskUs in the second quarter valued at $1,914,000. Finally, Alpine Associates Management Inc. acquired a new position in TaskUs in the second quarter valued at $4,370,000. 44.64% of the stock is currently owned by hedge funds and other 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.