TaskUs (NASDAQ:TASK – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03, FiscalAI reports. The business had revenue of $314.75 million for the quarter, compared to the consensus estimate of $303.64 million. TaskUs had a net margin of 8.75% and a return on equity of 27.02%.
TaskUs Price Performance
Shares of TASK stock traded up $0.31 on Wednesday, hitting $8.63. 405,524 shares of the stock traded hands, compared to its average volume of 586,289. The firm has a market cap of $791.28 million, a price-to-earnings ratio of 7.44 and a beta of 1.93. TaskUs has a 52 week low of $4.47 and a 52 week high of $13.73. The firm has a 50 day simple moving average of $8.17 and a two-hundred day simple moving average of $7.76. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.95 and a quick ratio of 2.95.
Analysts Set New Price Targets
Several equities research analysts have recently commented on TASK shares. Weiss Ratings upgraded TaskUs from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, October 19th. Wall Street Zen upgraded TaskUs from a “hold” rating to a “buy” rating in a research report on Saturday, October 24th. Robert W. Baird set a $12.00 price target on TaskUs in a report on Thursday, August 6th. Wedbush reduced their price target on TaskUs from $12.00 to $9.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. Finally, Morgan Stanley lifted their price objective on TaskUs from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, TaskUs currently has an average rating of “Hold” and an average target price of $9.60.
Read Our Latest Research Report on TASK
TaskUs Company Profile
TaskUs, Inc (NASDAQ: TASK) is a provider of digital outsourcing and customer experience services for technology companies and other high-growth businesses. The company helps clients manage customer interactions, back-office operations and other business processes through a combination of trained personnel, technology and data-driven workflows.
Its services include customer care, technical support, content moderation, trust and safety, fraud prevention, artificial intelligence operations and back-office support.
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