TaskUs (NASDAQ:TASK) Reaches New 1-Year Low – What’s Next?

TaskUs, Inc. (NASDAQ:TASK) reached a new 52-week low on Thursday . The stock traded as low as $10.58 and last traded at $10.73, with a volume of 68400 shares. The stock had previously closed at $10.72.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TASK shares. Robert W. Baird raised shares of TaskUs from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. The Goldman Sachs Group upgraded shares of TaskUs to a “strong sell” rating in a research note on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of TaskUs in a report on Wednesday, October 8th. Royal Bank Of Canada increased their target price on TaskUs from $16.50 to $17.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. Finally, Zacks Research lowered shares of TaskUs from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, TaskUs has a consensus rating of “Hold” and a consensus target price of $17.17.

TaskUs Stock Up 0.7%

The company has a market capitalization of $976.42 million, a price-to-earnings ratio of 12.12 and a beta of 2.12. The firm has a 50-day moving average price of $11.61 and a two-hundred day moving average price of $14.41. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.89 and a quick ratio of 2.89.

TaskUs (NASDAQ:TASK) last released its earnings results on Friday, November 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. The business had revenue of $298.71 million for the quarter, compared to analyst estimates of $286.71 million. TaskUs had a return on equity of 21.27% and a net margin of 7.11%. As a group, sell-side analysts anticipate that TaskUs, Inc. will post 0.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TaskUs

Hedge funds have recently bought and sold shares of the company. Strategic Advocates LLC bought a new position in TaskUs in the third quarter valued at about $41,000. FNY Investment Advisers LLC lifted its position in shares of TaskUs by 40.0% in the 4th quarter. FNY Investment Advisers LLC now owns 3,500 shares of the company’s stock worth $41,000 after purchasing an additional 1,000 shares during the period. New York State Common Retirement Fund acquired a new position in shares of TaskUs in the 2nd quarter valued at about $67,000. Harbor Capital Advisors Inc. boosted its position in shares of TaskUs by 21.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 4,994 shares of the company’s stock valued at $89,000 after purchasing an additional 896 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in TaskUs during the fourth quarter worth approximately $104,000. 44.64% of the stock is owned by 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.