Ameriprise Financial Inc. grew its position in TaskUs, Inc. (NASDAQ:TASK - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 957,653 shares of the company's stock after buying an additional 69,704 shares during the quarter. Ameriprise Financial Inc. owned 1.07% of TaskUs worth $16,223,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Royce & Associates LP grew its stake in TaskUs by 10.9% in the 4th quarter. Royce & Associates LP now owns 742,679 shares of the company's stock valued at $12,581,000 after acquiring an additional 73,100 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of TaskUs by 7.0% during the 4th quarter. Renaissance Technologies LLC now owns 497,623 shares of the company's stock worth $8,430,000 after purchasing an additional 32,500 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of TaskUs by 5.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 471,011 shares of the company's stock worth $7,979,000 after purchasing an additional 23,713 shares during the last quarter. SG Americas Securities LLC lifted its stake in TaskUs by 217.0% in the 4th quarter. SG Americas Securities LLC now owns 350,719 shares of the company's stock valued at $5,941,000 after buying an additional 240,093 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in TaskUs by 32.3% during the 4th quarter. JPMorgan Chase & Co. now owns 103,045 shares of the company's stock valued at $1,746,000 after buying an additional 25,173 shares during the last quarter. Institutional investors and hedge funds own 44.64% of the company's stock.
Insider Buying and Selling at TaskUs
In other news, insider Jarrod Johnson sold 15,460 shares of TaskUs stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $13.25, for a total transaction of $204,845.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 30.63% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Several analysts have recently issued reports on TASK shares. Robert W. Baird downgraded TaskUs from an "outperform" rating to a "neutral" rating and set a $16.50 price objective on the stock. in a research report on Monday, May 12th. William Blair downgraded shares of TaskUs from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Baird R W cut shares of TaskUs from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. Finally, Royal Bank of Canada lowered their price target on shares of TaskUs from $20.00 to $16.50 and set a "sector perform" rating for the company in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, TaskUs currently has a consensus rating of "Hold" and an average price target of $16.86.
Get Our Latest Stock Analysis on TaskUs
TaskUs Trading Up 0.3%
NASDAQ TASK traded up $0.06 during mid-day trading on Wednesday, hitting $16.78. The company's stock had a trading volume of 477,951 shares, compared to its average volume of 455,024. The firm has a market capitalization of $1.49 billion, a P/E ratio of 28.43, a price-to-earnings-growth ratio of 3.92 and a beta of 2.16. TaskUs, Inc. has a 52-week low of $10.57 and a 52-week high of $19.60. The stock's fifty day simple moving average is $13.87 and its two-hundred day simple moving average is $14.96. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.02 and a quick ratio of 3.02.
TaskUs (NASDAQ:TASK - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.12). The firm had revenue of $274.24 million during the quarter, compared to analyst estimates of $268.65 million. TaskUs had a return on equity of 17.73% and a net margin of 5.58%. Research analysts expect that TaskUs, Inc. will post 0.9 EPS for the current year.
About TaskUs
(
Free Report)
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.
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