TaskUs (NASDAQ:TASK) Reaches New 12-Month Low – What’s Next?

TaskUs, Inc. (NASDAQ:TASK) shares reached a new 52-week low on Tuesday . The stock traded as low as $10.30 and last traded at $10.57, with a volume of 335634 shares traded. The stock had previously closed at $10.68.

Analyst Upgrades and Downgrades

TASK has been the subject of several recent analyst reports. Wall Street Zen upgraded TaskUs to a “strong-buy” rating in a report on Saturday, January 17th. Robert W. Baird raised shares of TaskUs from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Wedbush started coverage on TaskUs in a report on Tuesday, February 3rd. They set an “outperform” rating and a $15.00 target price for the company. Zacks Research cut TaskUs from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Finally, The Goldman Sachs Group raised TaskUs to a “strong sell” rating in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $16.63.

TaskUs Stock Down 1.0%

The firm has a fifty day moving average of $11.53 and a 200-day moving average of $14.03. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 0.40. The firm has a market cap of $955.74 million, a P/E ratio of 11.88 and a beta of 2.12.

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

Institutional Trading of TaskUs

A number of large investors have recently added to or reduced their stakes in the company. Trium Capital LLP acquired a new stake in shares of TaskUs in the third quarter valued at approximately $7,215,000. Y Intercept Hong Kong Ltd acquired a new position in shares of TaskUs during the 3rd quarter worth approximately $842,000. Alpine Associates Management Inc. bought a new stake in TaskUs in the 2nd quarter valued at $4,370,000. Groupe la Francaise acquired a new stake in TaskUs during the 2nd quarter valued at $1,942,000. Finally, FourWorld Capital Management LLC acquired a new stake in TaskUs during the 2nd quarter valued at $1,676,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

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.