TaskUs, Inc. (NASDAQ:TASK) Given Average Rating of “Hold” by Brokerages

by · The Markets Daily

TaskUs, Inc. (NASDAQ:TASK – Get Free Report) has been given an average rating of “Hold” by the eight brokerages that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $9.60.

Several research analysts recently weighed in on the stock. Wedbush cut their target price on shares of TaskUs from $12.00 to $9.00 and set an “outperform” rating for the company in a research note on Thursday, August 6th. Wall Street Zen cut shares of TaskUs from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TaskUs in a report on Tuesday, July 14th. Morgan Stanley boosted their price objective on shares of TaskUs from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 11th. Finally, Robert W. Baird set a $12.00 price objective on shares of TaskUs in a research note on Thursday, August 6th.

Read Our Latest Stock Analysis on TaskUs

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Allworth Financial LP boosted its holdings in shares of TaskUs by 9,224.0% during the fourth 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 acquired a new position in TaskUs in the fourth quarter valued at $59,000. New York State Common Retirement Fund acquired a new position in TaskUs in the second quarter valued at $67,000. Alamar Capital Management LLC acquired a new position in TaskUs in the second quarter valued at $80,000. Finally, Kestra Advisory Services LLC purchased a new position in TaskUs during the fourth quarter worth about $87,000. 44.64% of the stock is currently owned by institutional investors and hedge funds.

TaskUs Price Performance

Shares of NASDAQ:TASK opened at $7.91 on Tuesday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.95 and a current ratio of 2.95. The business’s fifty day moving average price is $6.61 and its two-hundred day moving average price is $7.11. The stock has a market cap of $725.27 million, a PE ratio of 6.82 and a beta of 1.75. TaskUs has a one year low of $4.47 and a one year high of $18.39.

TaskUs (NASDAQ:TASK – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The company had revenue of $308.86 million during the quarter, compared to analysts’ expectations of $297.58 million. TaskUs had a return on equity of 27.02% and a net margin of 8.75%. On average, analysts forecast that TaskUs will post 1.12 EPS for the current fiscal year.

TaskUs Company Profile

(Get Free Report)

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.

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