TaskUs, Inc. (NASDAQ:TASK – Get Free Report) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $5.75 and last traded at $5.82, with a volume of 780807 shares. The stock had previously closed at $5.85.
Analyst Upgrades and Downgrades
Several analysts have commented on TASK shares. Piper Sandler lowered shares of TaskUs to a “neutral” rating in a report on Friday, February 27th. Royal Bank Of Canada lowered their price objective on shares of TaskUs from $17.00 to $13.00 and set a “sector perform” rating for the company in a report on Thursday, February 26th. Wedbush lowered their price objective on shares of TaskUs from $14.00 to $12.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Morgan Stanley set a $6.00 price objective on shares of TaskUs in a report on Friday. Finally, Wall Street Zen lowered shares of TaskUs from a “buy” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.20.
Check Out Our Latest Analysis on TASK
TaskUs Stock Down 0.5%
TaskUs (NASDAQ:TASK – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. TaskUs had a net margin of 8.70% and a return on equity of 24.93%. The firm had revenue of $306.27 million during the quarter, compared to analyst estimates of $296.68 million. Analysts forecast that TaskUs, Inc. will post 1.16 earnings per share for the current year.
TaskUs Dividend Announcement
The firm also recently announced a dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were issued a dividend of $3.65 per share.
Insider Activity
In related news, insider Jarrod Johnson sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $6.78, for a total transaction of $169,500.00. Following the completion of the sale, the insider owned 36,536 shares of the company’s stock, valued at $247,714.08. This trade represents a 40.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 31.92% of the company’s stock.
Institutional Investors Weigh In On TaskUs
Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of TaskUs by 12.8% during the first quarter. Dimensional Fund Advisors LP now owns 678,859 shares of the company’s stock valued at $4,554,000 after acquiring an additional 77,072 shares in the last quarter. Watershed Asset Management L.L.C. increased its position in shares of TaskUs by 19.5% during the first quarter. Watershed Asset Management L.L.C. now owns 46,422 shares of the company’s stock valued at $311,000 after acquiring an additional 7,589 shares in the last quarter. Inspire Investing LLC increased its position in shares of TaskUs by 93.1% during the first quarter. Inspire Investing LLC now owns 77,208 shares of the company’s stock valued at $518,000 after acquiring an additional 37,218 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of TaskUs by 50.3% during the fourth quarter. Hsbc Holdings PLC now owns 16,657 shares of the company’s stock valued at $196,000 after acquiring an additional 5,574 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of TaskUs by 13.7% during the fourth quarter. Invesco Ltd. now owns 30,062 shares of the company’s stock valued at $354,000 after acquiring an additional 3,624 shares in the last quarter. Institutional investors own 44.64% of the company’s stock.
TaskUs Company Profile
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.
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