D. E. Shaw & Co. Inc. Has $5.31 Million Holdings in TaskUs, Inc. (NASDAQ:TASK)

D. E. Shaw & Co. Inc. lessened its stake in TaskUs, Inc. (NASDAQ:TASK - Free Report) by 16.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 313,646 shares of the company's stock after selling 61,390 shares during the period. D. E. Shaw & Co. Inc. owned 0.35% of TaskUs worth $5,313,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TASK. Blue Trust Inc. increased its position in TaskUs by 71.5% in the fourth quarter. Blue Trust Inc. now owns 1,677 shares of the company's stock worth $28,000 after purchasing an additional 699 shares during the period. BNP Paribas Financial Markets acquired a new stake in TaskUs in the fourth quarter worth about $80,000. KLP Kapitalforvaltning AS acquired a new stake in TaskUs in the fourth quarter worth about $81,000. Russell Investments Group Ltd. acquired a new stake in TaskUs in the fourth quarter worth about $115,000. Finally, Tower Research Capital LLC TRC increased its position in TaskUs by 214.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,425 shares of the company's stock worth $194,000 after purchasing an additional 7,788 shares during the period. Institutional investors own 44.64% of the company's stock.

Insider Activity

In other TaskUs news, insider Jarrod Johnson sold 21,437 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $13.60, for a total transaction of $291,543.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 30.63% of the stock is currently owned by insiders.

TaskUs Trading Up 0.3%

Shares of TASK stock traded up $0.05 on Tuesday, hitting $16.72. The stock had a trading volume of 379,304 shares, compared to its average volume of 312,722. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.50. The company has a fifty day moving average price of $13.80 and a two-hundred day moving average price of $14.94. TaskUs, Inc. has a twelve month low of $10.57 and a twelve month high of $19.60. The firm has a market cap of $1.49 billion, a P/E ratio of 28.34, a PEG ratio of 3.92 and a beta of 2.16.

TaskUs (NASDAQ:TASK - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.12). TaskUs had a return on equity of 17.73% and a net margin of 5.58%. The firm had revenue of $274.24 million for the quarter, compared to analyst estimates of $268.65 million. As a group, analysts forecast that TaskUs, Inc. will post 0.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on TASK shares. Baird R W lowered shares of TaskUs from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. William Blair lowered shares of TaskUs from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Robert W. Baird lowered shares of TaskUs from an "outperform" rating to a "neutral" rating and set a $16.50 target price for the company. in a report on Monday, May 12th. Finally, Royal Bank of Canada decreased their target price on TaskUs from $20.00 to $16.50 and set a "sector perform" rating for the company in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $16.86.

About TaskUs

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.