PALO ALTO, Calif., June 18, 2025 (GLOBE NEWSWIRE) -- Sanas, provider of the world’s first Real-Time Speech Understanding Platform, today announced that TaskUs, a leading provider of outsourced digital services and next-generation customer experience, has fully implemented Sanas’ advanced and free-forever Noise Cancellation technology with omni-directional capabilities and speech enhancement across its global operations. TaskUs upgraded 20,000 of its Teammates to the latest generation of Sanas, replacing a g ...

Core Viewpoint - The proposed buyout of TaskUs, Inc. by its three largest shareholders, including Blackstone, is under investigation due to concerns about the fairness of the deal and potential conflicts of interest [1][4]. Company Overview - TaskUs is recognized as a leading provider of outsourced digital services and next-generation customer experience for innovative companies [2]. - The company has a positive outlook, with Wall Street analysts setting an average one-year stock price target of $18.50 per share, and a high target of $22 per share [2]. Buyout Details - On May 9, 2025, TaskUs announced its sale to a buyer group that already holds a majority of the company's voting power, with the buyout price set at $16.50 per share for public shareholders [3]. - The buyout is being pursued by Blackstone and co-founders Bryce Maddock and Jaspar Weir, who will continue their roles in the company post-acquisition [3][4]. Legal Investigation - Julie & Holleman LLP is investigating the buyout for potential legal claims, citing concerns over the deal's fairness and the low buyout price compared to the company's true value [1][4].

Table of Contents TaskUs, Inc. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____________to______________ Commission File Number: 001-40482 _______________________ (Former name, former address and former ...

Core Viewpoint - Julie & Holleman LLP is investigating the acquisition of TaskUs, Inc. by a buyer group that includes the company's three largest shareholders, raising concerns about conflicts of interest and the fairness of the deal price [1][4]. Company Overview - TaskUs, Inc. is a leading provider of outsourced digital services and next-generation customer experience to innovative companies [2]. - Wall Street analysts have set one-year stock price targets for TaskUs, averaging $18.50 per share, with a high target of $22 per share [2]. Acquisition Details - On May 9, 2025, TaskUs announced its sale to a buyer group that already controls a majority of the company's voting power, with Blackstone, Maddock, and Weir offering to buy out public shareholders for $16.50 per share [3]. - The law firm Julie & Holleman believes the buyout price is significantly below the company's true value [4]. Legal Concerns - Julie & Holleman LLP is pursuing potential legal claims based on the apparent unfairness of the acquisition deal, highlighting conflicts of interest as key insiders remain with the company while public shareholders are cashed out at a low price [4].

Digital services provider TaskUs (TASK 17.59%) had a busy day on Friday. The company, which provides customer support and business process operations to other businesses, reported first-quarter earnings in the early morning -- and that wasn't the biggest news of the day. TaskUs is also going private in a deal financed by its co-founders and banking powerhouse Blackstone (BX -0.03%).The stock had gained 18.2% overnight as of 12:45 p.m. ET, trending higher across the morning session. Analyst-stumping earnings ...

SAN DIEGO, May 09, 2025 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, PLLP is investigating whether the board of directors of TaskUs, Inc. (NASDAQ: TASK) breached their fiduciary duties in connection with the proposed sale of the company to Blackstone, TaskUs Co-Founder and CEO Bryce Maddock, and Co-Founder and President Jaspar Weir (collectively, the “Buyer Group”). On May 9, 2025, TaskUs entered into a definitive agreement pursuant to which Buyer Group will acquire all outstanding shares ...

TaskUs (TASK) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.75%. A quarter ago, it was expected that this provider of outsourced digital services would post earnings of $0.34 per share when it actually produced earnings of $0.31, delivering a surprise of -8.82%.Over the last four ...

TaskUs expects to complete this transaction in the second half of 2025, subject to customary closing conditions and approvals, including the receipt of required regulatory approvals and required stockholder approvals (including the approval of the holders of common stock of the Company not owned by the Buyer Group). First Quarter 2025 Financial and Frontline Highlights | | | March 31, | Three months ended | | | | --- | --- | --- | --- | --- | --- | | ($ in thousands, except per share amounts) | | 2025 | | 2 ...

Core Viewpoint - TaskUs (TASK) has received an upgrade to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are closely correlated with near-term stock price movements [4][6]. - Institutional investors often rely on earnings estimates to determine the fair value of a company's shares, leading to buying or selling actions that affect stock prices [4]. TaskUs Earnings Outlook - For the fiscal year ending December 2025, TaskUs is expected to earn $1.39 per share, reflecting a 7.8% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for TaskUs has increased by 11%, indicating positive sentiment among analysts [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [7]. - TaskUs's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental a ...