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

TaskUs, Inc. (NASDAQ:TASK) has been given a consensus rating of “Hold” by the eight brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $11.20.

Several equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of TaskUs from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Piper Sandler cut shares of TaskUs to a “neutral” rating in a research report on Friday, February 27th. Royal Bank Of Canada lowered their price objective on shares of TaskUs from $17.00 to $13.00 and set a “sector perform” rating for the company in a research report on Thursday, February 26th. Wedbush lowered their price objective on shares of TaskUs from $14.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Finally, Morgan Stanley set a $6.00 price objective on shares of TaskUs in a research report on Friday, May 8th.

Insiders Place Their Bets

In other TaskUs news, insider Jarrod Johnson sold 11,406 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $6.89, for a total value of $78,587.34. Following the completion of the sale, the insider owned 25,130 shares in the company, valued at approximately $173,145.70. This trade represents a 31.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 31.92% of the company’s stock.

Institutional Investors Weigh In On TaskUs

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strategic Advocates LLC acquired a new stake in TaskUs in the 3rd quarter valued at about $41,000. Allworth Financial LP increased its position in TaskUs by 9,224.0% in the 4th quarter. Allworth Financial LP now owns 2,331 shares of the company’s stock valued at $27,000 after acquiring an additional 2,306 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in TaskUs in the 3rd quarter valued at about $44,000. New York State Common Retirement Fund acquired a new stake in shares of TaskUs during the 2nd quarter worth approximately $67,000. Finally, State of Wyoming acquired a new stake in shares of TaskUs during the 4th quarter worth approximately $59,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

TaskUs Stock Performance

NASDAQ TASK opened at $5.11 on Thursday. The company has a debt-to-equity ratio of 1.73, a current ratio of 2.75 and a quick ratio of 2.75. The firm has a market capitalization of $467.97 million, a price-to-earnings ratio of 4.48 and a beta of 1.85. The company’s fifty day moving average is $6.21 and its two-hundred day moving average is $9.16. TaskUs has a 52-week low of $5.11 and a 52-week high of $18.39.

TaskUs (NASDAQ:TASK) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. TaskUs had a net margin of 8.70% and a return on equity of 24.93%. The company had revenue of $306.27 million during the quarter, compared to the consensus estimate of $296.68 million. Equities research analysts forecast that TaskUs will post 1.08 EPS for the current year.

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.