TaskUs, Inc. (NASDAQ:TASK) Given Consensus Recommendation of “Hold” by Analysts

TaskUs, Inc. (NASDAQ:TASK) has received a consensus rating of “Hold” from the eight research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $9.60.

Several analysts have recently weighed in on the company. Robert W. Baird set a $12.00 price target on TaskUs in a report on Thursday, August 6th. The Goldman Sachs Group dropped their price objective on shares of TaskUs from $10.00 to $7.00 and set a “sell” rating for the company in a report on Thursday, May 7th. Wedbush cut their target price on shares of TaskUs from $12.00 to $9.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Wall Street Zen lowered shares of TaskUs from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Finally, Morgan Stanley raised their price target on shares of TaskUs from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 11th.

Institutional Trading of TaskUs

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP raised its position in TaskUs by 9,224.0% during the 4th quarter. Allworth Financial LP now owns 2,331 shares of the company’s stock worth $27,000 after purchasing an additional 2,306 shares during the last quarter. State of Wyoming bought a new stake in shares of TaskUs in the 4th quarter valued at about $59,000. New York State Common Retirement Fund bought a new stake in shares of TaskUs in the 2nd quarter valued at about $67,000. Alamar Capital Management LLC acquired a new stake in shares of TaskUs in the second quarter valued at about $80,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of TaskUs in the fourth quarter valued at about $87,000. 44.64% of the stock is currently owned by institutional investors and hedge funds.

TaskUs Trading Down 1.7%

Shares of TASK stock opened at $8.25 on Tuesday. The firm has a market capitalization of $756.44 million, a P/E ratio of 7.11 and a beta of 1.87. TaskUs has a twelve month low of $4.47 and a twelve month high of $18.39. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 1.56. The stock’s fifty day simple moving average is $6.29 and its 200 day simple moving average is $7.18.

TaskUs (NASDAQ:TASK) last posted its earnings results on Wednesday, August 5th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. The firm had revenue of $308.86 million during the quarter, compared to the consensus estimate of $297.58 million. TaskUs had a return on equity of 27.02% and a net margin of 8.75%. As a group, sell-side analysts predict that TaskUs will post 1.12 EPS for the current fiscal year.

About TaskUs

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.