TaskUs (NASDAQ:TASK) Announces Quarterly Earnings Results, Misses Estimates By $0.12 EPS

TaskUs (NASDAQ:TASK) announced its quarterly 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. TaskUs had a net margin of 5.58% and a return on equity of 17.73%. TaskUs updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

TaskUs Stock Performance

Shares of TASK stock opened at $17.17 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.02 and a quick ratio of 3.02. The company’s fifty day moving average price is $16.13 and its two-hundred day moving average price is $14.52. The firm has a market capitalization of $1.53 billion, a P/E ratio of 29.87, a P/E/G ratio of 3.92 and a beta of 2.21. TaskUs has a 12 month low of $10.56 and a 12 month high of $19.60.

Analysts Set New Price Targets

TASK has been the subject of a number of research analyst reports. Robert W. Baird increased their target price on shares of TaskUs from $16.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. 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 research note on Monday, December 9th. Finally, Morgan Stanley raised shares of TaskUs from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $18.00 to $21.00 in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $17.00.

Insider Transactions at TaskUs

In other TaskUs news, COO Stephan Daoust sold 62,159 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $18.23, for a total transaction of $1,133,158.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Steven Amaya sold 2,600 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $18.08, for a total transaction of $47,008.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 140,338 shares of company stock valued at $2,548,902. 29.26% of the stock is currently owned by insiders.

TaskUs Company Profile

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.