TaskUs, Inc. (NASDAQ:TASK) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts collectively rate TaskUs “Hold.” Of eight covering brokerages, two recommend selling, four rate it a hold, one recommends buying, and one gives a strong-buy rating; the average 12-month price target is $9.60.
• Recent analyst actions were mixed, with Goldman Sachs cutting its target to $7 and maintaining a sell rating, while Morgan Stanley raised its target to $7 with an equal-weight rating and Wedbush lowered its target to $9 but retained an outperform rating.
• TaskUs exceeded quarterly expectations, reporting $0.33 in EPS versus $0.28 expected and revenue of $308.86 million versus estimates of $297.58 million. Institutional investors own 44.64% of the company.

TaskUs, Inc. (NASDAQ:TASK - Get Free Report) has received a consensus recommendation of "Hold" from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $9.60.

TASK has been the subject of several recent analyst reports. The Goldman Sachs Group cut their target price on TaskUs from $10.00 to $7.00 and set a "sell" rating for the company in a research note on Thursday, May 7th. Morgan Stanley boosted their price target on TaskUs from $6.00 to $7.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 11th. Weiss Ratings restated a "sell (d+)" rating on shares of TaskUs in a research report on Tuesday, July 14th. Robert W. Baird set a $12.00 price objective on TaskUs in a research report on Thursday, August 6th. Finally, Wedbush reduced their price objective on TaskUs from $12.00 to $9.00 and set an "outperform" rating on the stock in a research note on Thursday, August 6th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP boosted its stake in shares of TaskUs by 9,224.0% in the 4th quarter. Allworth Financial LP now owns 2,331 shares of the company's stock valued at $27,000 after purchasing an additional 2,306 shares in the last quarter. State of Wyoming acquired a new position in TaskUs during the 4th quarter worth approximately $59,000. New York State Common Retirement Fund acquired a new position in TaskUs during the 2nd quarter worth approximately $67,000. Alamar Capital Management LLC bought a new position in TaskUs in the 2nd quarter valued at approximately $80,000. Finally, Kestra Advisory Services LLC bought a new position in TaskUs in the 4th quarter valued at approximately $87,000. Institutional investors own 44.64% of the company's stock.

TaskUs Price Performance

Shares of NASDAQ:TASK opened at $8.25 on Tuesday. The firm has a 50 day moving average of $6.29 and a 200-day moving average of $7.18. The stock has a market capitalization of $756.44 million, a PE ratio of 7.11 and a beta of 1.87. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 1.56. TaskUs has a 12 month low of $4.47 and a 12 month high of $18.39.

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

About TaskUs

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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