TaskUs (NASDAQ:TASK) Upgraded by The Goldman Sachs Group to “Strong Sell” Rating

The Goldman Sachs Group upgraded shares of TaskUs (NASDAQ:TASK) to a strong sell rating in a research note issued to investors on Monday morning,Zacks.com reports.

A number of other equities analysts also recently weighed in on the stock. Royal Bank Of Canada lifted their target price on shares of TaskUs from $16.50 to $17.00 and gave the stock a “sector perform” rating in a research note on Monday. Morgan Stanley lowered TaskUs from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $21.00 to $16.50 in a research report on Tuesday, September 9th. Robert W. Baird lifted their target price on TaskUs from $16.50 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Baird R W raised shares of TaskUs from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of TaskUs in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $17.38.

TaskUs Trading Up 0.1%

Shares of TASK stock opened at $11.90 on Monday. TaskUs has a 1-year low of $11.26 and a 1-year high of $18.60. The company has a current ratio of 2.89, a quick ratio of 2.84 and a debt-to-equity ratio of 0.40. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 13.49 and a beta of 2.11. The stock has a 50-day moving average of $15.50 and a 200-day moving average of $16.25.

TaskUs (NASDAQ:TASK) last announced its earnings results on Friday, November 7th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. TaskUs had a return on equity of 21.27% and a net margin of 7.11%.The business had revenue of $298.71 million for the quarter, compared to analysts’ expectations of $286.71 million. TaskUs has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts forecast that TaskUs will post 0.9 earnings per share for the current year.

Hedge Funds Weigh In On TaskUs

Several large investors have recently modified their holdings of the business. New York State Common Retirement Fund bought a new position in TaskUs in the 2nd quarter worth about $67,000. Quarry LP purchased a new stake in shares of TaskUs in the 1st quarter valued at about $83,000. Harbor Capital Advisors Inc. boosted its position in shares of TaskUs by 21.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 4,994 shares of the company’s stock valued at $89,000 after acquiring an additional 896 shares during the last quarter. Voya Investment Management LLC purchased a new position in shares of TaskUs during the first quarter worth about $178,000. Finally, Invesco Ltd. purchased a new stake in TaskUs in the first quarter valued at approximately $182,000. Hedge funds and other institutional investors own 44.64% of the company’s stock.

TaskUs Company Profile

TaskUs, Inc provides digital outsourcing services for companies in Philippines, the United States, India, and internationally. It offers digital customer experience that consists of omni-channel customer care services primarily delivered through non-voice digital channels; and other solutions, including experience and customer care services for new product or market launches, and customer acquisition solutions.