William Blair Downgrades TaskUs, Inc (TASK) to Market Perform

William Blair analyst Maggie Nolan downgraded TaskUs, Inc (NASDAQ: TASK) from Outperform to Market Perform.

The analyst comments "Summary: Before market open, TaskUs announced it entered into an agreement to be taken private by BlackStone and TaskUs cofounders Bryce Maddock and Jaspar Weir for $16.50 per share in cash. Additionally, the company reported first-quarter results that beat consensus expectations for revenue, adjusted EBITDA, and EPS while gross margin was below. We are downgrading shares to Market Perform. Below are our highlights from the quarter and details on the pending transaction."

For an analyst ratings summary and ratings history on TaskUs, Inc click here. For more ratings news on TaskUs, Inc click here.

Shares of TaskUs, Inc closed at $14.38 yesterday.

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