D. E. Shaw & Co. Inc. Cuts Stock Position in TaskUs, Inc. (NASDAQ:TASK)

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

Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC grew its stake in shares of TaskUs by 217.0% in the 4th quarter. SG Americas Securities LLC now owns 350,719 shares of the company's stock worth $5,941,000 after buying an additional 240,093 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of TaskUs during the third quarter valued at approximately $1,006,000. Royce & Associates LP grew its position in TaskUs by 10.9% in the 4th quarter. Royce & Associates LP now owns 742,679 shares of the company's stock worth $12,581,000 after purchasing an additional 73,100 shares during the period. Ameriprise Financial Inc. increased its position in TaskUs by 7.9% during the fourth quarter. Ameriprise Financial Inc. now owns 957,653 shares of the company's stock valued at $16,223,000 after acquiring an additional 69,704 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in TaskUs in the fourth quarter valued at about $613,000. 44.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Jarrod Johnson sold 21,437 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $13.60, for a total value of $291,543.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 30.63% of the stock is currently owned by insiders.

TaskUs Trading Up 0.2%

Shares of NASDAQ:TASK traded up $0.03 during trading on Thursday, reaching $16.82. 26,739 shares of the company were exchanged, compared to its average volume of 314,141. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.02 and a quick ratio of 3.02. The firm has a market capitalization of $1.49 billion, a PE ratio of 28.51, a P/E/G ratio of 3.92 and a beta of 2.16. The business's fifty day simple moving average is $13.93 and its 200-day simple moving average is $14.97. TaskUs, Inc. has a 12-month low of $10.57 and a 12-month high of $19.60.

TaskUs (NASDAQ:TASK - Get Free Report) last posted its quarterly 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). TaskUs had a net margin of 5.58% and a return on equity of 17.73%. The business had revenue of $274.24 million during the quarter, compared to the consensus estimate of $268.65 million. On average, research analysts anticipate that TaskUs, Inc. will post 0.9 EPS for the current year.

Wall Street Analysts Forecast Growth

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

TaskUs Company Profile

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.