Analysts Set TaskUs, Inc. (NASDAQ:TASK) PT at $17.17

TaskUs, Inc. (NASDAQ:TASK) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $17.1667.

A number of equities analysts recently weighed in on TASK shares. Robert W. Baird raised their price objective on TaskUs from $16.50 to $18.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. The Goldman Sachs Group raised shares of TaskUs to a “strong sell” rating in a research note on Monday, November 10th. Baird R W upgraded shares of TaskUs from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Zacks Research lowered shares of TaskUs from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Finally, 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 report on Monday, November 10th.

Institutional Investors Weigh In On TaskUs

Institutional investors have recently bought and sold shares of the stock. Inspire Investing LLC bought a new position in shares of TaskUs during the first quarter valued at about $345,000. AlphaQuest LLC increased its holdings in TaskUs by 1,153.0% during the 1st quarter. AlphaQuest LLC now owns 23,845 shares of the company’s stock valued at $325,000 after purchasing an additional 21,942 shares during the period. Think Investments LP raised its position in TaskUs by 12.9% during the 1st quarter. Think Investments LP now owns 3,253,358 shares of the company’s stock valued at $44,343,000 after purchasing an additional 371,845 shares during the last quarter. Groupe la Francaise bought a new position in TaskUs during the 2nd quarter valued at approximately $1,942,000. Finally, Alpine Associates Management Inc. purchased a new stake in TaskUs in the 2nd quarter worth approximately $4,370,000. 44.64% of the stock is currently owned by hedge funds and other institutional investors.

TaskUs Price Performance

Shares of NASDAQ:TASK opened at $11.51 on Thursday. The company’s fifty day moving average price is $12.17 and its 200-day moving average price is $15.26. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.89 and a quick ratio of 2.89. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 12.93 and a beta of 2.12. TaskUs has a one year low of $10.68 and a one year high of $18.59.

TaskUs (NASDAQ:TASK) last announced its earnings results on Friday, November 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. TaskUs had a net margin of 7.11% and a return on equity of 21.27%. The company had revenue of $298.71 million during the quarter, compared to analyst estimates of $286.71 million. On average, equities research analysts anticipate that TaskUs will post 0.9 earnings per share for the current fiscal year.

TaskUs Company Profile

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.