TaskUs (NASDAQ:TASK) Announces Earnings Results

TaskUs (NASDAQ:TASK) released its earnings results on Wednesday. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12), Zacks reports. The firm had revenue of $274.24 million for the quarter, compared to analyst estimates of $268.65 million. 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 Price Performance

NASDAQ:TASK traded down $0.32 during mid-day trading on Friday, hitting $14.13. The company’s stock had a trading volume of 99,022 shares, compared to its average volume of 354,551. TaskUs has a fifty-two week low of $10.56 and a fifty-two week high of $19.60. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 23.96, a P/E/G ratio of 3.92 and a beta of 2.21. The stock has a fifty day moving average of $16.09 and a 200-day moving average of $14.52.

Insider Buying and Selling

In other TaskUs news, CAO Steven Amaya sold 2,600 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $18.08, for a total transaction of $47,008.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Stephan Daoust sold 62,159 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $18.23, for a total transaction of $1,133,158.57. The disclosure for this sale can be found here. Insiders sold 140,338 shares of company stock valued at $2,548,902 over the last quarter. Corporate insiders own 29.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TASK. Bank of America raised shares of TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Monday, December 9th. Robert W. Baird upped their price objective on shares of TaskUs from $16.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Morgan Stanley raised shares of TaskUs from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $18.00 to $21.00 in a research report on Friday, December 13th. Finally, Royal Bank of Canada upped their price objective on shares of TaskUs from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.25.

About TaskUs

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.