TaskUs, Inc. (NASDAQ:TASK) Receives Consensus Recommendation of “Hold” from Analysts

TaskUs, Inc. (NASDAQ:TASK) has been given a consensus rating of “Hold” by the eight research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $16.6250.

A number of research firms recently weighed in on TASK. The Goldman Sachs Group upgraded TaskUs to a “strong sell” rating in a research note on Monday, November 10th. Zacks Research downgraded shares of TaskUs from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Royal Bank Of Canada raised their target price on shares of TaskUs from $16.50 to $17.00 and gave the stock a “sector perform” rating in a research note on Monday, November 10th. Wedbush began coverage on shares of TaskUs in a report on Tuesday, February 3rd. They set an “outperform” rating and a $15.00 target price for the company. Finally, Wall Street Zen raised shares of TaskUs to a “strong-buy” rating in a report on Saturday, January 17th.

TaskUs Price Performance

NASDAQ:TASK opened at $10.37 on Friday. TaskUs has a 12-month low of $9.55 and a 12-month high of $18.59. The firm has a market capitalization of $937.66 million, a price-to-earnings ratio of 11.65 and a beta of 2.12. The stock’s 50 day moving average price is $11.21 and its two-hundred day moving average price is $13.70. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 0.40.

Institutional Trading of TaskUs

Several hedge funds have recently added to or reduced their stakes in TASK. Hudson Bay Capital Management LP acquired a new position in TaskUs in the 3rd quarter valued at $17,796,000. Qube Research & Technologies Ltd bought a new stake in shares of TaskUs in the second quarter valued at about $16,325,000. Irenic Capital Management LP bought a new stake in shares of TaskUs in the fourth quarter valued at about $11,253,000. Dalton Investments Inc. acquired a new position in shares of TaskUs in the fourth quarter valued at about $11,174,000. Finally, Calamos Advisors LLC bought a new position in TaskUs during the fourth quarter worth about $8,549,000. 44.64% of the stock is owned by institutional investors and hedge funds.

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.