Baird Upholds Neutral Rating for TaskUs (TASK)
Analyst Recommendation: Baird maintains a Neutral recommendation for TaskUs (NasdaqGS:TASK) with a one-year price target average of $17.72/share, indicating a potential upside of 20.77% from its current price of $14.68/share.
Institutional Ownership Trends: Institutional ownership in TaskUs has increased, with 193 funds reporting positions, a 2.12% rise in the last quarter, and total shares owned by institutions up by 53.71% to 27,135K shares.
Major Shareholders: Blackstone Group and Think Investments have significantly increased their holdings in TaskUs, with Blackstone now owning 28.97% and Think Investments increasing its stake by 25.44%.
Market Sentiment: The put/call ratio for TaskUs is 1.12, suggesting a bearish outlook among investors despite the positive revenue projections and increased institutional interest.
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PSquared Acquires $11.34 Million Stake in TaskUs
- New Investment Position: PSquared Asset Management disclosed a new position in TaskUs by acquiring 635,084 shares valued at approximately $11.34 million during Q3, making it the fund's fourth-largest holding and reflecting confidence in the company's growth prospects.
- Asset Allocation Strategy: This stake represents 9.0% of PSquared's $125.97 million in reportable U.S. equity assets, indicating a strategic emphasis on TaskUs within a diversified portfolio that could enhance overall investment returns.
- Market Performance Comparison: Despite TaskUs's stock price declining 32% over the past year to $11.51, the company reported a 17% year-over-year revenue increase to $298.7 million in its latest quarter, highlighting its potential in high-growth sectors.
- Cash Flow Stability: TaskUs generated $42 million in free cash flow in the latest quarter, maintaining an EBITDA margin of 21.2%, which underscores its competitiveness and sustainability in the digital outsourcing services market.

PSquared Asset Management Acquires 635,084 Shares of TaskUs Worth $11.34 Million
- New Investment Position: PSquared Asset Management acquired 635,084 shares of TaskUs valued at approximately $11.34 million in Q3, representing 9.0% of its reportable U.S. equity assets, indicating confidence in TaskUs's future growth potential.
- Increased Holding Rank: This acquisition positions TaskUs as the fourth-largest holding for PSquared, reflecting the fund's emphasis on high-growth digital outsourcing companies within its diversified portfolio.
- Strong Financial Performance: Despite a 32% decline in TaskUs's stock price over the past year, the company achieved a 17% revenue increase to $298.7 million in the latest quarter, showcasing its robust performance and cash generation capabilities in the digital economy.
- Market Positioning Analysis: TaskUs's business model, which integrates high-value work such as AI data labeling and content security, suggests that despite cautious market sentiment regarding its stock price, its ongoing cash flow and business expansion capabilities may offer investors potential upside.






