Analysts Set TaskUs, Inc. (NASDAQ:TASK) Target Price at $11.20

TaskUs, Inc. (NASDAQ:TASK) has been given a consensus rating of “Hold” by the eight analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on 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 research analysts recently issued reports on TASK shares. Weiss Ratings reissued a “sell (d+)” rating on shares of TaskUs in a research note on Tuesday, July 14th. Wedbush lowered their target price on TaskUs from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Wall Street Zen cut TaskUs from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. The Goldman Sachs Group dropped their target price on TaskUs from $10.00 to $7.00 and set a “sell” rating on the stock in a report on Thursday, May 7th. Finally, Morgan Stanley set a $6.00 price target on shares of TaskUs in a research report on Friday, May 8th.

Institutional Investors Weigh In On TaskUs

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Saba Capital Management L.P. purchased a new position in shares of TaskUs during the 1st quarter valued at $14,016,000. Vanguard Group Inc. raised its holdings in shares of TaskUs by 39.6% during the third quarter. Vanguard Group Inc. now owns 1,536,748 shares of the company’s stock worth $27,431,000 after acquiring an additional 435,892 shares in the last quarter. Hudson Bay Capital Management LP boosted its position in TaskUs by 1.4% during the fourth quarter. Hudson Bay Capital Management LP now owns 1,011,085 shares of the company’s stock valued at $11,921,000 after purchasing an additional 14,106 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in TaskUs during the second quarter valued at $16,325,000. Finally, Irenic Capital Management LP acquired a new stake in TaskUs during the fourth quarter valued at $11,253,000. Hedge funds and other institutional investors own 44.64% of the company’s stock.

TaskUs Stock Performance

NASDAQ TASK opened at $5.83 on Monday. The firm’s 50 day moving average price is $5.54 and its two-hundred day moving average price is $8.13. 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 has a twelve month low of $4.47 and a twelve month high of $18.39. The stock has a market cap of $533.91 million, a price-to-earnings ratio of 5.11 and a beta of 1.89.

TaskUs (NASDAQ:TASK) last released its earnings results on Wednesday, May 6th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $306.27 million during the quarter, compared to analyst estimates of $296.68 million. TaskUs had a return on equity of 24.93% and a net margin of 8.70%. Equities analysts anticipate that TaskUs will post 1.1 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.