TaskUs (NASDAQ:TASK) Reaches New 1-Year Low – Time to Sell?

Shares of TaskUs, Inc. (NASDAQ:TASK) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $11.16 and last traded at $11.2150, with a volume of 20948 shares changing hands. The stock had previously closed at $11.40.

Analyst Upgrades and Downgrades

TASK has been the subject of a number of analyst reports. Robert W. Baird boosted their price target on TaskUs from $16.50 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Baird R W upgraded TaskUs from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Zacks Research cut TaskUs from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Royal Bank Of Canada lifted their price target on shares of TaskUs from $16.50 to $17.00 and gave the company a “sector perform” rating in a research report on Monday, November 10th. Finally, Morgan Stanley downgraded shares of TaskUs from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $21.00 to $16.50 in a report on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $17.38.

TaskUs Price Performance

The stock’s 50-day moving average price is $14.61 and its 200 day moving average price is $16.10. The firm has a market cap of $973.82 million, a price-to-earnings ratio of 12.10 and a beta of 2.11. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 0.40.

TaskUs (NASDAQ:TASK) last released its earnings results on Friday, November 7th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $298.71 million for the quarter, compared to the consensus estimate of $286.71 million. TaskUs had a return on equity of 21.27% and a net margin of 7.11%. TaskUs has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts predict that TaskUs, Inc. will post 0.9 earnings per share for the current year.

Institutional Investors Weigh In On TaskUs

A number of institutional investors have recently bought and sold shares of the business. New York State Common Retirement Fund acquired a new position in shares of TaskUs in the 2nd quarter valued at $67,000. Harbor Capital Advisors Inc. increased its stake in TaskUs by 21.9% in the third quarter. Harbor Capital Advisors Inc. now owns 4,994 shares of the company’s stock valued at $89,000 after acquiring an additional 896 shares during the period. Quarry LP acquired a new position in TaskUs in the first quarter worth about $83,000. PenderFund Capital Management Ltd. bought a new position in TaskUs during the third quarter worth about $157,000. Finally, Alamar Capital Management LLC acquired a new stake in TaskUs during the third quarter valued at approximately $196,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

TaskUs Company Profile

TaskUs, Inc provides digital outsourcing services for companies in Philippines, the United States, India, and internationally. It offers digital customer experience that consists of omni-channel customer care services primarily delivered through non-voice digital channels; and other solutions, including experience and customer care services for new product or market launches, and customer acquisition solutions.