Should I buy or sell TaskUs stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TaskUs in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TASK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TASK, but not buy additional shares or sell existing shares. View TASK analyst ratings or view top-rated stocks .

What is TaskUs' stock price target for 2024?

7 brokers have issued twelve-month price objectives for TaskUs' shares. Their TASK share price targets range from $11.00 to $23.00. On average, they predict the company's stock price to reach $14.50 in the next twelve months. This suggests a possible upside of 17.1% from the stock's current price. View analysts price targets for TASK or view top-rated stocks among Wall Street analysts .

How have TASK shares performed in 2023?

TaskUs' stock was trading at $16.90 at the beginning of 2023. Since then, TASK shares have decreased by 26.7% and is now trading at $12.38. View the best growth stocks for 2023 here .

When is TaskUs' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 26th 2024. View our TASK earnings forecast .

How were TaskUs' earnings last quarter?

TaskUs, Inc. (NASDAQ:TASK) announced its quarterly earnings results on Monday, November, 6th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The business earned $225.63 million during the quarter, compared to the consensus estimate of $219.47 million. TaskUs had a net margin of 4.84% and a trailing twelve-month return on equity of 16.16%.

What ETF holds TaskUs' stock ?

SoFi Web 3 ETF holds 298 shares of TASK stock, representing 0.23% of its portfolio.

(TASK) raised $304 million in an IPO on Friday, June 11th 2021. The company issued 13,200,000 shares at a price of $22.00-$24.00 per share. Goldman Sachs, J.P. Morgan, BofA Securities, Morgan Stanley, Baird, RBC Capital Markets, Wells Fargo Securities and William Blair served as the underwriters for the IPO and Blackstone, TD Securities, BTIG, Fifth Third Securities, AmeriVet Securities, Blaylock Van, LLC, C.L. King & Associates and Penserra Securities LLC were co-managers.

Who are TaskUs' major shareholders?

TaskUs' stock is owned by a number of retail and institutional investors. Top institutional shareholders include FMR LLC (3.21%), Massachusetts Financial Services Co. MA (1.79%), Ameriprise Financial Inc. (0.52%), Carmignac Gestion (0.33%), AQR Capital Management LLC (0.30%) and Trexquant Investment LP (0.14%). Insiders that own company stock include Bryce Maddock , Fc Aggregator LP Bcp, Jaspar Weir , Kelly L Tuminelli and Stephan Daoust. View institutional ownership trends .

How do I buy shares of TaskUs?

Shares of TASK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

TaskUs Stock Price, News & Analysis (NASDAQ:TASK)

$12.38

+0.36 (+3.00%)

(As of 12/1/2023 ET)

Compare

Today's Range: $11.95
▼
$12.64
50-Day Range: $8.18
▼
$13.19
52-Week Range: $7.95
▼
$22.00

Volume: 413,066 shs
Average Volume: 511,931 shs
Market Capitalization: $1.11 billion

P/E Ratio: 27.51
Dividend Yield: N/A
Price Target: $14.50

TaskUs MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 17.1% Upside
$14.50 Price Target
Short Interest: Bearish
10.03% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.63
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 7.41%
From $0.81 to $0.87 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.74 out of 5 stars

Computer And Technology Sector

471st out of 592 stocks

Data Processing & Preparation Industry

43rd out of 56 stocks

2.0

Analyst's Opinion

Consensus Rating
TaskUs has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 3 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $14.50, TaskUs has a forecasted upside of 17.1% from its current price of $12.38.
Amount of Analyst Coverage
TaskUs has only been the subject of 4 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
10.03% of the float of TaskUs has been sold short.
Short Interest Ratio / Days to Cover
TaskUs has a short interest ratio ("days to cover") of 4.
Change versus previous month
Short interest in TaskUs has recently increased by 10.98%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
TaskUs does not currently pay a dividend.
Dividend Growth
TaskUs does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TASK.

2.0

News and Social Media Coverage

News Sentiment
TaskUs has a news sentiment score of 0.63. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for TaskUs this week, compared to 2 articles on an average week.
Search Interest
4 people have searched for TASK on MarketBeat in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TaskUs insiders have not sold or bought any company stock.
Percentage Held by Insiders
23.96% of the stock of TaskUs is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 22.69% of the stock of TaskUs is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for TaskUs are expected to grow by 7.41% in the coming year, from $0.81 to $0.87 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of TaskUs is 27.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 108.50.
Price to Earnings Ratio vs. Sector
The P/E ratio of TaskUs is 27.51, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 219.53.
Price to Book Value per Share Ratio
TaskUs has a P/B Ratio of 2.58. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About TaskUs Stock (NASDAQ:TASK)

TaskUs, Inc. provides digital outsourcing services for companies worldwide. It offers digital customer experience that consists of omni-channel customer care services primarily delivered through digital channels; and other solutions, including customer care services for new product or market launches, trust and safety solutions, and customer acquisition solutions. The company also offers content security services, such as review and disposition of user and advertiser generated content, which include removal or labeling of policy violating, and offensive or misleading content; and artificial intelligence (AI) solutions that consist of data labeling, annotation, and transcription services for training and tuning AI algorithms through the process of machine learning. It serves clients in various industry segments within the digital economy, including e-commerce, FinTech, food delivery and ride sharing, gaming, HealthTech, social media, and streaming media. The company was formerly known as TU TopCo, Inc. and changed its name to TaskUs, Inc. in December 2020. TaskUs, Inc. was founded in 2008 and is headquartered in New Braunfels, Texas.

TASK Stock Price History

30 days | 90 days | 365 days | Advanced Chart

TASK Stock News Headlines

December 1, 2023 | americanbankingnews.com

TaskUs, Inc. (NASDAQ:TASK) Receives $14.50 Average PT from Brokerages

November 8, 2023 | markets.businessinsider.com

TaskUs: Strong Performance and Growth Prospects Prompt Buy Rating

December 3, 2023 | DTI Trader (Ad)

All the trading advice you’ve ever received boils down to this

All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.

November 8, 2023 | msn.com

TaskUs rises amid higher profit in third quarter, despite revenue dip

November 7, 2023 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: TaskUs (TASK), fuboTV (FUBO) and Alpha and Omega (AOSL)

November 7, 2023 | markets.businessinsider.com

TaskUs Shares Are Surging Today: 'Results Driven By New Client Signings,' CEO Says

November 7, 2023 | insidermonkey.com

TaskUs, Inc. (NASDAQ:TASK) Q3 2023 Earnings Call Transcript

November 7, 2023 | au.investing.com

Citi sees a buying opportunity in TaskUs after beat and raise; Shares rally

December 3, 2023 | DTI Trader (Ad)

All the trading advice you’ve ever received boils down to this

November 7, 2023 | finance.yahoo.com

TaskUs (TASK) Q3 2023 Earnings Call Transcript

November 7, 2023 | finance.yahoo.com

Q3 2023 Taskus Inc Earnings Call

November 6, 2023 | msn.com

TaskUs Non-GAAP EPS of $0.32 beats by $0.03, revenue of $225.6M beats by $4.65M

November 6, 2023 | finance.yahoo.com

TaskUs Inc (TASK) Reports Q3 2023 Earnings: Revenue at $225.6 Million, GAAP Net Income of $9.

November 6, 2023 | sfgate.com

TaskUs: Q3 Earnings Snapshot

November 6, 2023 | finance.yahoo.com

TaskUs Announces Fiscal Third Quarter 2023 Results

November 6, 2023 | finance.yahoo.com

TaskUs Inc (TASK) Reports Q3 2023 Earnings: Revenue at $225.6 Million, GAAP Net Income of $9. ...

November 6, 2023 | seekingalpha.com

TaskUs, Inc. 2023 Q3 - Results - Earnings Call Presentation

November 3, 2023 | benzinga.com

A Preview Of TaskUs's Earnings

November 3, 2023 | msn.com

TaskUs Q3 2023 Earnings Preview

November 1, 2023 | reuters.com

General Counsel File

October 26, 2023 | tmcnet.com

TaskUs Debuts As A "Major Contender" on Everest Group's Customer Experience Management PEAK Matrix® Assessment 2023 for EMEA

October 26, 2023 | finance.yahoo.com

TaskUs Debuts As A “Major Contender” on Everest Group’s Customer Experience Management PEAK Matrix® Assessment 2023 for EMEA

October 23, 2023 | finance.yahoo.com

TaskUs, Inc. to Announce Third Quarter 2023 Financial Results on November 6, 2023

October 19, 2023 | finance.yahoo.com

TaskUs Releases Inaugural ESG Report

October 19, 2023 | finance.yahoo.com

TaskUs Announces Frontiers in Psychiatry Publishes First Peer-Reviewed Research Study Investigating Trait-Based, Pre-Hire Screening for Content Moderators

October 16, 2023 | markets.businessinsider.com

Where TaskUs Stands With Analysts

October 15, 2023 | msn.com

5 Towns in Texas That Will Be Important Cities by 2050

See More Headlines

Receive TASK Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for TaskUs and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings: 11/06/2023
Today: 12/03/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/26/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Data processing & preparation
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:TASK
CUSIP: N/A
CIK: 1829864
Web: www.taskus.com
Phone: 888-400-8275
Fax: N/A
Employees: 49,500
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $14.50
High Stock Price Target: $23.00
Low Stock Price Target: $11.00
Potential Upside/Downside: +17.1%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.45
Trailing P/E Ratio: 27.51
Forward P/E Ratio: 15.28
P/E Growth: N/A
Net Income: $40.42 million
Net Margins: 4.84%
Pretax Margin: 8.04%
Return on Equity: 16.16%
Return on Assets: 8.13%

Debt

Debt-to-Equity Ratio: 0.61
Current Ratio: 2.93
Quick Ratio: 2.93

Sales & Book Value

Annual Sales: $960.49 million
Price / Sales: 1.15
Cash Flow: $1.39 per share
Price / Cash Flow: 8.90
Book Value: $4.80 per share
Price / Book: 2.58

Miscellaneous

Outstanding Shares: 89,320,000
Free Float: 67,919,000
Market Cap: $1.11 billion
Optionable: Not Optionable
Beta: 2.43

7 Stocks to Buy And Hold Forever

Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report

Key Executives

Mr. Bryce Maddock (Age 36)
Co-Founder, CEO & Chairman
Comp: $31.22k
Mr. Stephan Daoust (Age 48)
Chief Operating Officer
Comp: $384.59k
Ms. Claudia Franco Walsh (Age 47)
General Counsel & Corporate Secretary
Comp: $373.77k
Mr. Jaspar Weir (Age 37)
Co-Founder, President & Director
Comp: $159.46k
Mr. Balaji Sekar (Age 47)
Chief Financial Officer
Comp: $521.67k
Mr. Steven Amaya
Senior VP & Principal Accounting Office
Mr. Chandrasekar Venkataramani
Chief Information Officer
Mr. Alan Katz
Vice President of Investor Relations
Mr. Charley Lemaster
Senior Vice President of Sales
Mr. Jarrod Johnson (Age 45)
Chief Customer Officer
Comp: $878.93k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TASK Stock Analysis - Frequently Asked Questions

Should I buy or sell TaskUs stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TaskUs in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TASK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TASK, but not buy additional shares or sell existing shares.
View TASK analyst ratings or view top-rated stocks.
What is TaskUs' stock price target for 2024?: 7 brokers have issued twelve-month price objectives for TaskUs' shares. Their TASK share price targets range from $11.00 to $23.00. On average, they predict the company's stock price to reach $14.50 in the next twelve months. This suggests a possible upside of 17.1% from the stock's current price.
View analysts price targets for TASK or view top-rated stocks among Wall Street analysts.
How have TASK shares performed in 2023?: TaskUs' stock was trading at $16.90 at the beginning of 2023. Since then, TASK shares have decreased by 26.7% and is now trading at $12.38.
View the best growth stocks for 2023 here.
When is TaskUs' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, February 26th 2024.
View our TASK earnings forecast.
How were TaskUs' earnings last quarter?: TaskUs, Inc. (NASDAQ:TASK) announced its quarterly earnings results on Monday, November, 6th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The business earned $225.63 million during the quarter, compared to the consensus estimate of $219.47 million. TaskUs had a net margin of 4.84% and a trailing twelve-month return on equity of 16.16%.

What ETF holds TaskUs' stock ?: SoFi Web 3 ETF holds 298 shares of TASK stock, representing 0.23% of its portfolio.
When did TaskUs IPO?: (TASK) raised $304 million in an IPO on Friday, June 11th 2021. The company issued 13,200,000 shares at a price of $22.00-$24.00 per share. Goldman Sachs, J.P. Morgan, BofA Securities, Morgan Stanley, Baird, RBC Capital Markets, Wells Fargo Securities and William Blair served as the underwriters for the IPO and Blackstone, TD Securities, BTIG, Fifth Third Securities, AmeriVet Securities, Blaylock Van, LLC, C.L. King & Associates and Penserra Securities LLC were co-managers.
Who are TaskUs' major shareholders?: TaskUs' stock is owned by a number of retail and institutional investors. Top institutional shareholders include FMR LLC (3.21%), Massachusetts Financial Services Co. MA (1.79%), Ameriprise Financial Inc. (0.52%), Carmignac Gestion (0.33%), AQR Capital Management LLC (0.30%) and Trexquant Investment LP (0.14%). Insiders that own company stock include Bryce Maddock, Fc Aggregator LP Bcp, Jaspar Weir, Kelly L Tuminelli and Stephan Daoust.
View institutional ownership trends.
How do I buy shares of TaskUs?: Shares of TASK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:TASK) was last updated on 12/3/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

TaskUs Stock Price, News & Analysis (NASDAQ:TASK)

TaskUs MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About TaskUs Stock (NASDAQ:TASK)

TASK Stock Price History

TASK Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

TASK Stock Analysis - Frequently Asked Questions

Overall MarketRank^™