TaskUsTASK
TASK
About: TaskUs Inc is a provider of outsourced digital services and next-generation customer experience to inventive and disruptive technology companies. It serves clients in the fastest-growing sectors, including social media, e-commerce, gaming, streaming media, food delivery and ridesharing, HiTech, FinTech and HealthTech.
Employees: 48,200
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
100% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 10
73% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 22
10% more funds holding
Funds holding: 86 [Q2] → 95 (+9) [Q3]
1.7% more ownership
Funds ownership: 84.7% [Q2] → 86.4% (+1.7%) [Q3]
2% more capital invested
Capital invested by funds: $203M [Q2] → $208M (+$4.92M) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
37% less call options, than puts
Call options by funds: $131K | Put options by funds: $209K
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$18
6%
upside
Avg. target
$20
20%
upside
High target
$22
30%
upside
3 analyst ratings
3 positive
100%
0 neutral
0%
0 negative
0%
Morgan Stanley James Faucette 63% 1-year accuracy 17 / 27 met price target | 24%upside $21 | Overweight Upgraded | 13 Dec 2024 |
B of A Securities Cassie Chan 60% 1-year accuracy 3 / 5 met price target | 6%upside $18 | Buy Upgraded | 9 Dec 2024 |
Baird David Koning 76% 1-year accuracy 25 / 33 met price target | 30%upside $22 | Outperform Maintained | 11 Nov 2024 |
Financial journalist opinion
Based on 4 articles about TASK published over the past 30 days
Positive
Zacks Investment Research
5 days ago
Strength Seen in TaskUs (TASK): Can Its 9.3% Jump Turn into More Strength?
TaskUs (TASK) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Positive
Seeking Alpha
5 days ago
TaskUs: Riding On The Underlying Industry Tailwind
TaskUs: Riding On The Underlying Industry Tailwind
Neutral
Business Wire
1 week ago
TaskUs Named a Major Contender in Everest Group's B2B Sales Services PEAK Matrix® Assessment 2024
NEW BRAUNFELS, Texas--(BUSINESS WIRE)--TaskUs, Inc. (Nasdaq: TASK), a leading provider of outsourced digital services and next-generation customer experience to the world's most innovative companies, was recognized as a Major Contender in Everest Group's Sales Services PEAK Matrix® Assessment 2024. The recognition reflects the company's strengths in sales services, client mix, investments in digital tools, robust partner ecosystem, extensive talent management, and recruitment capabilities, deve.
Neutral
Zacks Investment Research
1 week ago
TASK or DT: Which Is the Better Value Stock Right Now?
Investors interested in Computers - IT Services stocks are likely familiar with TaskUs (TASK) and Dynatrace (DT). But which of these two stocks offers value investors a better bang for their buck right now?
Positive
Benzinga
1 month ago
TaskUs An 'Underappreciated Beneficiary Of AI Investment,' Says Analyst, Has Meta Platforms As Key Client
TaskUs, Inc. TASK shares were climbing on Friday.
Neutral
Business Wire
1 month ago
TaskUs and Red Points Announce Strategic Partnership To Enable Comprehensive Protection Against Digital Fraud and Counterfeits
NEW BRAUNFELS, Texas--(BUSINESS WIRE)--TaskUs, Inc. (Nasdaq: TASK), a leading provider of outsourced digital services and next-generation customer experience to the world's most innovative companies, and Red Points, the leading provider in AI brand protection solutions, announced their strategic partnership today. Together, they combine Financial Crime and Compliance and Trust & Safety expertise with the world's most widely used brand protection technology to safeguard organizations from di.
Neutral
Seeking Alpha
2 months ago
TaskUs Ekes Out Growth But Low-End Pricing Pressures Grow
TaskUs beat Q3 2024 revenue and earnings estimates but faces pricing pressure and risks from AI automation from the low-end. The BPO market is projected to grow at a 9.4% CAGR through 2030, driven by digital tools and talent sourcing. TaskUs has seen growth in AI Services and Trust & Safety segments but struggles with gross margins and client revenue concentration risks.
Neutral
Seeking Alpha
2 months ago
TaskUs, Inc. (TASK) Q3 2024 Earnings Call Transcript
TaskUs, Inc. (NASDAQ:TASK ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Trent Thrash - Senior Vice President of Corporate Development & Investor Relations Bryce Maddock - Co-Founder & Chief Executive Officer Balaji Sekar - Chief Financial Officer Conference Call Participants Jonathan Lee - Guggenheim Puneet Jain - JPMorgan Maggie Nolan - William Blair Jim Schneider - Goldman Sachs Jacob Haggarty - Baird Operator Good afternoon, and welcome to the TaskUs' Fiscal Third Quarter 2024 Conference Call. My name is Michelle, and I will be your conference facilitator today.
Positive
Zacks Investment Research
2 months ago
TaskUs (TASK) Beats Q3 Earnings and Revenue Estimates
TaskUs (TASK) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.32 per share a year ago.
Neutral
Business Wire
2 months ago
TaskUs Announces Fiscal Third Quarter 2024 Results
NEW BRAUNFELS, Texas--(BUSINESS WIRE)--TaskUs, Inc. (Nasdaq: TASK), a leading provider of outsourced digital services and next-generation customer experience to the world's most innovative companies, today announced its results for the third quarter ended September 30, 2024. Total revenues of $255.3 million, 13.2% year-over-year growth. Exceeding the top-end of our guidance by $9.3 million. Net income of $12.7 million, net income margin of 5.0%. Adjusted Net Income of $34.3 million, Adjusted Ne.
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