TaskUs, Inc. (NASDAQ:TASK) Receives $17.17 Consensus Target Price from Analysts

Shares of TaskUs, Inc. (NASDAQ:TASK) have earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $17.1667.

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada raised their price target on TaskUs from $16.50 to $17.00 and gave the company a “sector perform” rating in a report on Monday, November 10th. Wall Street Zen upgraded TaskUs to a “strong-buy” rating in a research note on Saturday, January 17th. The Goldman Sachs Group upgraded shares of TaskUs to a “strong sell” rating in a research report on Monday, November 10th. Zacks Research cut shares of TaskUs from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of TaskUs in a research report on Wednesday, October 8th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TASK. Geode Capital Management LLC increased its stake in shares of TaskUs by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 205,442 shares of the company’s stock valued at $3,444,000 after acquiring an additional 647 shares during the last quarter. First Trust Advisors LP grew its holdings in TaskUs by 1.3% during the second quarter. First Trust Advisors LP now owns 54,531 shares of the company’s stock valued at $914,000 after purchasing an additional 716 shares during the period. Harbor Capital Advisors Inc. increased its stake in TaskUs by 21.9% in the third 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. FNY Investment Advisers LLC increased its stake in TaskUs by 40.0% in the fourth quarter. FNY Investment Advisers LLC now owns 3,500 shares of the company’s stock valued at $41,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in shares of TaskUs by 7.8% during the second quarter. Lazard Asset Management LLC now owns 18,522 shares of the company’s stock worth $308,000 after purchasing an additional 1,342 shares in the last quarter. 44.64% of the stock is currently owned by institutional investors.

TaskUs Stock Performance

Shares of NASDAQ:TASK opened at $11.29 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.89 and a quick ratio of 2.89. The business’s fifty day moving average price is $11.62 and its two-hundred day moving average price is $14.52. TaskUs has a fifty-two week low of $10.68 and a fifty-two week high of $18.59. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 12.69 and a beta of 2.12.

TaskUs (NASDAQ:TASK) last posted its earnings results on Friday, November 7th. The company reported $0.42 earnings per share 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 net margin of 7.11% and a return on equity of 21.27%. As a group, analysts predict that TaskUs will post 0.9 EPS for the current fiscal 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.