TaskUs (NASDAQ:TASK) Releases Earnings Results

TaskUs (NASDAQ:TASK) posted its quarterly earnings results on Wednesday. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12), Zacks reports. TaskUs had a return on equity of 17.73% and a net margin of 5.58%. TaskUs updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

TaskUs Trading Up 1.4 %

Shares of NASDAQ:TASK traded up $0.22 during midday trading on Wednesday, reaching $15.64. The company had a trading volume of 624,167 shares, compared to its average volume of 334,171. The company has a fifty day simple moving average of $16.13 and a two-hundred day simple moving average of $14.51. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 3.92 and a beta of 2.21. TaskUs has a 1-year low of $10.56 and a 1-year high of $19.60. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.02 and a current ratio of 3.02.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TASK shares. Robert W. Baird raised their price target on TaskUs from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Morgan Stanley raised TaskUs from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $18.00 to $21.00 in a research note on Friday, December 13th. Finally, Bank of America upgraded shares of TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $17.00.

Insiders Place Their Bets

In other news, CAO Steven Amaya sold 75,579 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $18.11, for a total value of $1,368,735.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Stephan Daoust sold 62,159 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $18.23, for a total value of $1,133,158.57. The disclosure for this sale can be found here. In the last quarter, insiders have sold 140,338 shares of company stock worth $2,548,902. Company insiders own 29.26% 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.