TaskUs, Inc. (NASDAQ:TASK) Receives Average Recommendation of “Hold” from Analysts

TaskUs, Inc. (NASDAQ:TASK) has been given an average recommendation of “Hold” by the eight analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $11.20.

A number of research analysts recently issued reports on the stock. Wall Street Zen cut shares of TaskUs from a “buy” rating to a “hold” rating in a report on Monday, May 11th. The Goldman Sachs Group decreased their price objective on shares of TaskUs from $10.00 to $7.00 and set a “sell” rating for the company in a report on Thursday, May 7th. Weiss Ratings cut shares of TaskUs from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 16th. Morgan Stanley set a $6.00 price objective on shares of TaskUs in a report on Friday, May 8th. Finally, Royal Bank Of Canada decreased their price objective on shares of TaskUs from $17.00 to $13.00 and set a “sector perform” rating for the company in a report on Thursday, February 26th.

TaskUs Stock Down 4.7%

Shares of NASDAQ:TASK opened at $5.11 on Thursday. TaskUs has a one year low of $5.11 and a one year high of $18.39. The company has a 50 day moving average of $6.21 and a 200-day moving average of $9.16. The company has a debt-to-equity ratio of 1.73, a current ratio of 2.75 and a quick ratio of 2.75. The stock has a market cap of $467.97 million, a price-to-earnings ratio of 4.48 and a beta of 1.85.

TaskUs (NASDAQ:TASK) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. TaskUs had a net margin of 8.70% and a return on equity of 24.93%. The company had revenue of $306.27 million during the quarter, compared to analysts’ expectations of $296.68 million. On average, sell-side analysts forecast that TaskUs will post 1.08 earnings per share for the current year.

Insider Transactions at TaskUs

In related news, insider Jarrod Johnson sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $6.78, for a total transaction of $169,500.00. Following the completion of the transaction, the insider owned 36,536 shares in the company, valued at approximately $247,714.08. The trade was a 40.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 31.92% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Hudson Bay Capital Management LP acquired a new position in TaskUs during the third quarter valued at approximately $17,796,000. Hussman Strategic Advisors Inc. acquired a new position in shares of TaskUs in the fourth quarter valued at approximately $2,476,000. Boothbay Fund Management LLC acquired a new position in shares of TaskUs in the third quarter valued at approximately $3,020,000. Calamos Advisors LLC acquired a new position in shares of TaskUs in the fourth quarter valued at approximately $8,549,000. Finally, CenterBook Partners LP acquired a new position in shares of TaskUs in the third quarter valued at approximately $2,806,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

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.