TaskUs (NASDAQ:TASK) Releases Quarterly Earnings Results, Misses Expectations By $0.12 EPS

TaskUs (NASDAQ:TASK - Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.22 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%. The business had revenue of $274.24 million for the quarter, compared to the consensus estimate of $268.65 million. TaskUs updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

TaskUs Price Performance

Shares of TASK traded down $0.34 during mid-day trading on Friday, reaching $14.11. The company had a trading volume of 491,638 shares, compared to its average volume of 365,350. The company's 50 day simple moving average is $16.05 and its 200 day simple moving average is $14.53. 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. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 23.92, a P/E/G ratio of 3.92 and a beta of 2.21.

Insider Activity

In other news, CAO Steven Amaya sold 75,579 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $18.11, for a total value of $1,368,735.69. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Stephan Daoust sold 62,159 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were 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. In the last three months, insiders have sold 140,338 shares of company stock worth $2,548,902. Corporate insiders own 29.26% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Robert W. Baird raised their target price on shares of TaskUs from $16.00 to $20.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Royal Bank of Canada raised their target price on shares of TaskUs from $18.00 to $20.00 and gave the company a "sector perform" rating in a report on Thursday. Morgan Stanley raised shares of 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 report on Friday, December 13th. Finally, Bank of America raised shares of TaskUs from a "neutral" rating to a "buy" rating and set a $18.00 target price on the stock in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company 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.