TaskUs (NASDAQ:TASK) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

TaskUs (NASDAQ:TASK) issued its quarterly earnings data on Friday. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06, FiscalAI reports. TaskUs had a return on equity of 20.37% and a net margin of 5.70%.The business had revenue of $298.71 million during the quarter, compared to analyst estimates of $286.71 million. TaskUs updated its Q4 2025 guidance to EPS and its FY 2025 guidance to EPS.

TaskUs Stock Up 4.5%

TASK stock traded up $0.56 during mid-day trading on Friday, reaching $13.05. The company had a trading volume of 765,428 shares, compared to its average volume of 534,186. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 18.91 and a beta of 2.11. TaskUs has a 52 week low of $11.26 and a 52 week high of $19.60. The stock has a 50 day simple moving average of $15.72 and a two-hundred day simple moving average of $16.23. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.84 and a quick ratio of 2.84.

Hedge Funds Weigh In On TaskUs

Hedge funds and other institutional investors have recently made changes to their positions in the company. New York State Common Retirement Fund bought a new position in TaskUs in the 2nd quarter valued at about $67,000. IHT Wealth Management LLC bought a new position in shares of TaskUs during the second quarter worth approximately $274,000. State of Tennessee Department of Treasury increased its stake in shares of TaskUs by 42.2% during the second quarter. State of Tennessee Department of Treasury now owns 18,422 shares of the company’s stock worth $309,000 after purchasing an additional 5,471 shares during the period. Lazard Asset Management LLC lifted its holdings in TaskUs by 7.8% during the 2nd quarter. Lazard Asset Management LLC now owns 18,522 shares of the company’s stock worth $308,000 after purchasing an additional 1,342 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in TaskUs by 39.4% in the 2nd quarter. Invesco Ltd. now owns 18,641 shares of the company’s stock valued at $312,000 after purchasing an additional 5,267 shares during the period. 44.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TASK has been the topic of a number of research reports. Zacks Research raised shares of TaskUs from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 20th. Baird R W raised shares of TaskUs from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Robert W. Baird boosted their price objective on shares of TaskUs from $16.50 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of TaskUs in a report on Wednesday, October 8th. Finally, Morgan Stanley downgraded TaskUs from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $21.00 to $16.50 in a research note on Tuesday, September 9th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.25.

About TaskUs

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.