TaskUs, Inc. (NASDAQ:TASK) Receives $11.20 Average Target Price from Analysts

Shares of TaskUs, Inc. (NASDAQ:TASK) have been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $11.20.

Several brokerages have recently weighed in on TASK. Royal Bank Of Canada cut their price objective on shares of TaskUs from $17.00 to $13.00 and set a “sector perform” rating on the stock in a report on Thursday, February 26th. The Goldman Sachs Group cut their price objective on shares of TaskUs from $10.00 to $7.00 and set a “sell” rating on the stock in a report on Thursday, May 7th. Wedbush cut their price objective on shares of TaskUs from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Morgan Stanley set a $6.00 target price on shares of TaskUs in a research report on Friday, May 8th. Finally, Weiss Ratings downgraded shares of TaskUs from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 16th.

TaskUs Trading Up 0.3%

Shares of TASK stock opened at $6.33 on Friday. The firm has a market cap of $579.69 million, a P/E ratio of 5.55 and a beta of 1.88. TaskUs has a 1-year low of $5.39 and a 1-year high of $18.39. 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 firm’s 50-day simple moving average is $6.86 and its 200-day simple moving average is $9.69.

TaskUs (NASDAQ:TASK) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. The business had revenue of $306.27 million for the quarter, compared to analyst estimates of $296.68 million. TaskUs had a net margin of 8.70% and a return on equity of 24.93%. As a group, equities analysts forecast that TaskUs will post 1.08 EPS for the current year.

Insider Transactions at TaskUs

In related news, insider Jarrod Johnson sold 11,406 shares of the stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $6.89, for a total transaction of $78,587.34. Following the completion of the sale, the insider owned 25,130 shares of the company’s stock, valued at approximately $173,145.70. This represents a 31.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 31.92% of the company’s stock.

Institutional Trading of TaskUs

A number of institutional investors and hedge funds have recently bought and sold shares of TASK. Allworth Financial LP increased its position in TaskUs by 9,224.0% during the 4th quarter. Allworth Financial LP now owns 2,331 shares of the company’s stock worth $27,000 after purchasing an additional 2,306 shares in the last quarter. FNY Investment Advisers LLC increased its position in TaskUs by 40.0% during the 4th quarter. FNY Investment Advisers LLC now owns 3,500 shares of the company’s stock worth $41,000 after purchasing an additional 1,000 shares in the last quarter. Strategic Advocates LLC acquired a new stake in TaskUs during the 3rd quarter worth approximately $41,000. State of Wyoming acquired a new stake in TaskUs during the 4th quarter worth approximately $59,000. Finally, New York State Common Retirement Fund acquired a new stake in TaskUs during the 2nd quarter worth approximately $67,000. 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.