TaskUs (NASDAQ:TASK) Announces Quarterly Earnings Results, Misses Expectations By $0.12 EPS

TaskUs (NASDAQ:TASK) announced its quarterly earnings results on Wednesday. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12), Zacks reports. TaskUs had a net margin of 5.58% and a return on equity of 17.73%. TaskUs updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

TaskUs Trading Up 1.4 %

Shares of NASDAQ TASK traded up $0.22 during midday trading on Wednesday, hitting $15.64. The stock had a trading volume of 624,167 shares, compared to its average volume of 334,171. The firm has a market cap of $1.40 billion, a P/E ratio of 26.51, a price-to-earnings-growth ratio of 3.92 and a beta of 2.21. TaskUs has a fifty-two week low of $10.56 and a fifty-two week high of $19.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.02 and a quick ratio of 3.02. The company’s 50-day simple moving average is $16.13 and its 200 day simple moving average is $14.51.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Bank of America raised shares of TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a report on Monday, December 9th. Robert W. Baird raised their price objective on shares of TaskUs from $16.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Morgan Stanley raised TaskUs from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $18.00 to $21.00 in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.00.

Insider Activity

In other news, COO Stephan Daoust sold 62,159 shares of TaskUs stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $18.23, for a total transaction of $1,133,158.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Steven Amaya sold 75,579 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $18.11, for a total transaction of $1,368,735.69. The disclosure for this sale can be found here. Insiders have sold 140,338 shares of company stock valued at $2,548,902 over the last 90 days. 29.26% of the stock is owned by company insiders.

About TaskUs

TaskUs, Inc provides digital outsourcing services for companies in Philippines, the United States, India, and internationally. It offers digital customer experience that consists of omni-channel customer care services primarily delivered through non-voice digital channels; and other solutions, including experience and customer care services for new product or market launches, and customer acquisition solutions.