TaskUs, Inc. (NASDAQ:TASK) Given Consensus Rating of “Hold” by Analysts

Shares of TaskUs, Inc. (NASDAQ:TASK) have received an average rating of “Hold” from the nine analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $14.50.

TASK has been the subject of several research analyst reports. Royal Bank Of Canada cut their price objective on TaskUs from $17.00 to $13.00 and set a “sector perform” rating for the company in a report on Thursday, February 26th. Morgan Stanley cut their price target on shares of TaskUs from $16.50 to $12.00 and set an “equal weight” rating for the company in a report on Friday, February 27th. The Goldman Sachs Group upgraded shares of TaskUs to a “strong sell” rating in a research report on Monday, November 10th. Wall Street Zen downgraded shares of TaskUs from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Piper Sandler lowered shares of TaskUs to a “neutral” rating in a research note on Friday, February 27th.

Hedge Funds Weigh In On TaskUs

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Invesco Ltd. increased its stake in TaskUs by 13.7% in the 4th quarter. Invesco Ltd. now owns 30,062 shares of the company’s stock worth $354,000 after purchasing an additional 3,624 shares in the last quarter. Alberta Investment Management Corp acquired a new position in shares of TaskUs in the fourth quarter worth about $1,179,000. XTX Topco Ltd boosted its holdings in shares of TaskUs by 22.7% in the fourth quarter. XTX Topco Ltd now owns 32,013 shares of the company’s stock worth $377,000 after buying an additional 5,918 shares during the period. VARCOV Co. purchased a new position in shares of TaskUs in the fourth quarter worth approximately $314,000. Finally, Tudor Investment Corp ET AL lifted its position in shares of TaskUs by 174.8% in the 4th quarter. Tudor Investment Corp ET AL now owns 164,032 shares of the company’s stock valued at $1,934,000 after acquiring an additional 104,340 shares in the last quarter. Institutional investors and hedge funds own 44.64% of the company’s stock.

TaskUs Trading Down 2.9%

TaskUs stock opened at $10.60 on Tuesday. TaskUs has a 12-month low of $9.55 and a 12-month high of $18.39. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.12 and a quick ratio of 3.12. The stock has a market capitalization of $958.45 million, a PE ratio of 9.55 and a beta of 2.11. The firm has a 50 day simple moving average of $11.00 and a 200-day simple moving average of $13.10.

TaskUs (NASDAQ:TASK) last announced its earnings results on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.36 by $0.04. The firm had revenue of $312.96 million for the quarter, compared to analysts’ expectations of $303.68 million. TaskUs had a return on equity of 22.52% and a net margin of 8.64%. As a group, equities research analysts expect that TaskUs will post 0.9 EPS for the current fiscal year.

TaskUs Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th will be paid a dividend of $3.65 per share.

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.