TaskUs (NASDAQ:TASK) Raised to “Strong-Buy” at Wall Street Zen

TaskUs (NASDAQ:TASK) was upgraded by research analysts at Wall Street Zen to a “strong-buy” rating in a note issued to investors on Saturday.

Several other equities analysts have also recently issued reports on the company. Robert W. Baird raised their price objective on TaskUs from $16.50 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TaskUs in a report on Wednesday, October 8th. Baird R W upgraded shares of TaskUs from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. The Goldman Sachs Group upgraded TaskUs to a “strong sell” rating in a research note on Monday, November 10th. Finally, Zacks Research cut TaskUs from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $17.17.

TaskUs Stock Down 0.3%

TASK stock opened at $11.61 on Friday. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.40. The firm has a 50 day simple moving average of $11.67 and a 200-day simple moving average of $14.71. The company has a market capitalization of $1.05 billion, a P/E ratio of 13.04 and a beta of 2.12. TaskUs has a twelve month low of $10.68 and a twelve month high of $18.59.

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

Institutional Trading of TaskUs

Hedge funds have recently added to or reduced their stakes in the business. Hudson Bay Capital Management LP bought a new position in shares of TaskUs in the third quarter worth $17,796,000. Qube Research & Technologies Ltd bought a new position in TaskUs in the 2nd quarter valued at about $16,325,000. Calamos Advisors LLC bought a new position in TaskUs in the 2nd quarter valued at about $8,212,000. Think Investments LP increased its stake in TaskUs by 14.8% during the 2nd quarter. Think Investments LP now owns 3,734,665 shares of the company’s stock valued at $62,593,000 after buying an additional 481,307 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of TaskUs by 39.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,536,748 shares of the company’s stock worth $27,431,000 after buying an additional 435,892 shares in the last quarter. Institutional investors own 44.64% of the company’s stock.

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.