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NASDAQ:TASK

TaskUs (TASK) Stock Price, News & Analysis

TaskUs logo
$13.76 -0.12 (-0.86%)
(As of 11/15/2024 ET)

About TaskUs Stock (NASDAQ:TASK)

Key Stats

Today's Range
$13.29
$13.96
50-Day Range
$11.64
$18.94
52-Week Range
$10.56
$19.60
Volume
215,439 shs
Average Volume
225,689 shs
Market Capitalization
$1.22 billion
P/E Ratio
23.32
Dividend Yield
N/A
Price Target
$16.43
Consensus Rating
Hold

Company Overview

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. The company also provides trust and safety solutions, such as review and disposition of user and advertiser generated visual, text, and audio content, which include removal or labeling of policy violating, and offensive or misleading content, as well as risk management, compliance, identity management, and fraud services; and artificial intelligence (AI) solutions that consist of data labeling, annotation, context relevance, and transcription services for training and tuning machine learning algorithms that enables to develop AI systems. It serves clients in various industry segments comprising e-commerce, FinTech, food delivery and ride sharing, gaming, technology, HealthTech, social media, and streaming media. The company was formerly known as TU TopCo, Inc. and changed its name to TaskUs, Inc. in December 2020. TaskUs, Inc. was founded in 2008 and is headquartered in New Braunfels, Texas.

TaskUs Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
34th Percentile Overall Score

TASK MarketRank™: 

TaskUs scored higher than 34% of companies evaluated by MarketBeat, and ranked 526th out of 657 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    TaskUs has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 2 buy ratings, 4 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    TaskUs has only been the subject of 2 research reports in the past 90 days.

  • Read more about TaskUs' stock forecast and price target.
  • Earnings Growth

    Earnings for TaskUs are expected to grow by 6.90% in the coming year, from $0.87 to $0.93 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of TaskUs is 23.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.88.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of TaskUs is 23.32, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 261.70.

  • Price to Earnings Growth Ratio

    TaskUs has a PEG Ratio of 3.90. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    TaskUs has a P/B Ratio of 2.49. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about TaskUs' valuation and earnings.
  • Percentage of Shares Shorted

    9.41% of the float of TaskUs has been sold short.
  • Short Interest Ratio / Days to Cover

    TaskUs has a short interest ratio ("days to cover") of 6.1.
  • Change versus previous month

    Short interest in TaskUs has recently increased by 6.08%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    TaskUs does not currently pay a dividend.

  • Dividend Growth

    TaskUs does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    9.41% of the float of TaskUs has been sold short.
  • Short Interest Ratio / Days to Cover

    TaskUs has a short interest ratio ("days to cover") of 6.1.
  • Change versus previous month

    Short interest in TaskUs has recently increased by 6.08%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    TaskUs has a news sentiment score of 0.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 12 news articles for TaskUs this week, compared to 3 articles on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, TaskUs insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    29.26% of the stock of TaskUs is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    44.64% of the stock of TaskUs is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about TaskUs' insider trading history.
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TASK Stock News Headlines

Analysts Set TaskUs, Inc. (NASDAQ:TASK) PT at $16.43
TaskUs Ekes Out Growth But Low-End Pricing Pressures Grow
There is a little known company that is changing warfare
With geo - political instability around the world investors are flocking to defense contract stocks. There is a little known company that is changing warfare. With the backing of U.S. government contracts, this startup is reshaping the future of the U.S. military.
TaskUs price target raised to $22 from $20 at Baird
TaskUs (NASDAQ:TASK) Reaches New 1-Year High After Analyst Upgrade
J.P. Morgan Sticks to Their Hold Rating for TaskUs (TASK)
See More Headlines

TASK Stock Analysis - Frequently Asked Questions

TaskUs' stock was trading at $13.07 on January 1st, 2024. Since then, TASK shares have increased by 5.3% and is now trading at $13.76.
View the best growth stocks for 2024 here
.

TaskUs, Inc. (NASDAQ:TASK) released its quarterly earnings data on Wednesday, November, 10th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.23. The firm earned $201.05 million during the quarter, compared to analysts' expectations of $184.81 million. TaskUs had a trailing twelve-month return on equity of 17.73% and a net margin of 5.58%.

TaskUs (TASK) raised $304 million in an initial public offering on Friday, June 11th 2021. The company issued 13,200,000 shares at a price of $22.00-$24.00 per share. Goldman Sachs, J.P. Morgan, BofA Securities, Morgan Stanley, Baird, RBC Capital Markets, Wells Fargo Securities and William Blair acted as the underwriters for the IPO and Blackstone, TD Securities, BTIG, Fifth Third Securities, AmeriVet Securities, Blaylock Van, LLC, C.L. King & Associates and Penserra Securities LLC were co-managers.

Top institutional investors of TaskUs include FMR LLC (3.05%), Royce & Associates LP (0.75%), Seldon Capital LP (0.47%) and Massachusetts Financial Services Co. MA (0.45%).
View institutional ownership trends
.

Shares of TASK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that TaskUs investors own include Tesla (TSLA), Realty Income (O), CrowdStrike (CRWD), Cloudflare (NET), Advanced Micro Devices (AMD), Walt Disney (DIS) and DocuSign (DOCU).

Company Calendar

Last Earnings
11/10/2021
Today
11/16/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/26/2025

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
Business Services
Current Symbol
NASDAQ:TASK
Fax
N/A
Employees
48,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$16.43
High Stock Price Target
$20.00
Low Stock Price Target
$12.00
Potential Upside/Downside
+19.4%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
7 Analysts

Profitability

Net Income
$45.69 million
Pretax Margin
8.76%

Debt

Sales & Book Value

Annual Sales
$955.01 million
Cash Flow
$1.44 per share
Book Value
$5.52 per share

Miscellaneous

Free Float
62,757,000
Market Cap
$1.22 billion
Optionable
Optionable
Beta
2.28
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This page (NASDAQ:TASK) was last updated on 11/16/2024 by MarketBeat.com Staff
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