TaskUs, Inc. (NASDAQ:TASK) Receives Consensus Rating of “Hold” from Brokerages

TaskUs, Inc. (NASDAQ:TASK) has been assigned an average rating of “Hold” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $11.20.

Several research firms have weighed in on TASK. Wall Street Zen lowered shares of TaskUs from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. The Goldman Sachs Group decreased their target price on shares of TaskUs from $10.00 to $7.00 and set a “sell” rating for the company in a research note on Thursday, May 7th. Weiss Ratings cut shares of TaskUs from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 16th. Wedbush dropped their price target on shares of TaskUs from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Finally, Morgan Stanley set a $6.00 price objective on TaskUs in a report on Friday, May 8th.

TaskUs Price Performance

NASDAQ TASK opened at $5.41 on Monday. TaskUs has a 1 year low of $4.47 and a 1 year high of $18.39. The business’s fifty day moving average is $5.60 and its two-hundred day moving average is $8.33. The stock has a market capitalization of $495.44 million, a P/E ratio of 4.75 and a beta of 1.89. The company has a debt-to-equity ratio of 1.73, a quick ratio of 2.75 and a current ratio of 2.75.

TaskUs (NASDAQ:TASK) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The firm had revenue of $306.27 million for the quarter, compared to the consensus estimate of $296.68 million. TaskUs had a return on equity of 24.93% and a net margin of 8.70%. On average, research analysts forecast that TaskUs will post 1.1 earnings per share for the current fiscal year.

Institutional Trading of TaskUs

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE lifted its stake in shares of TaskUs by 2,573.2% in the first quarter. Bank of America Corp DE now owns 106,475 shares of the company’s stock worth $714,000 after buying an additional 102,492 shares during the last quarter. Saba Capital Management L.P. bought a new position in TaskUs in the 1st quarter worth $14,016,000. Renaissance Technologies LLC bought a new position in TaskUs in the 1st quarter worth $242,000. Alamar Capital Management LLC acquired a new position in TaskUs during the 1st quarter worth $114,000. Finally, First Trust Advisors LP lifted its position in TaskUs by 4.2% during the 1st quarter. First Trust Advisors LP now owns 69,189 shares of the company’s stock worth $464,000 after acquiring an additional 2,805 shares during the last quarter. Institutional investors and hedge funds 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.