Dimensional Fund Advisors LP grew its position in TaskUs, Inc. (NASDAQ:TASK - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 471,011 shares of the company's stock after acquiring an additional 23,713 shares during the quarter. Dimensional Fund Advisors LP owned 0.53% of TaskUs worth $7,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in TASK. Royce & Associates LP grew its holdings in shares of TaskUs by 10.9% in the fourth quarter. Royce & Associates LP now owns 742,679 shares of the company's stock valued at $12,581,000 after purchasing an additional 73,100 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of TaskUs by 7.0% in the 4th quarter. Renaissance Technologies LLC now owns 497,623 shares of the company's stock worth $8,430,000 after buying an additional 32,500 shares in the last quarter. SG Americas Securities LLC increased its holdings 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. increased its holdings in shares of TaskUs by 32.3% in the 4th quarter. JPMorgan Chase & Co. now owns 103,045 shares of the company's stock worth $1,746,000 after buying an additional 25,173 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of TaskUs by 18.8% during the 4th quarter. Teacher Retirement System of Texas now owns 82,372 shares of the company's stock valued at $1,395,000 after buying an additional 13,045 shares in the last quarter. Institutional investors own 44.64% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada boosted their price objective on TaskUs from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $17.86.
Check Out Our Latest Analysis on TASK
Insider Transactions at TaskUs
In other 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 document filed with the SEC, which is available through the SEC website. Corporate insiders own 30.63% of the company's stock.
TaskUs Price Performance
TASK stock opened at $16.85 on Friday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.50. TaskUs, Inc. has a 12 month low of $10.57 and a 12 month high of $19.60. The stock has a market cap of $1.52 billion, a PE ratio of 28.56, a P/E/G ratio of 3.92 and a beta of 2.16. The company has a 50-day moving average price of $13.37 and a 200 day moving average price of $14.74.
TaskUs (NASDAQ:TASK - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.03). TaskUs had a net margin of 5.58% and a return on equity of 17.73%. The business had revenue of $277.79 million for the quarter, compared to the consensus estimate of $271.06 million. Equities research analysts anticipate that TaskUs, Inc. will post 0.9 earnings per share for the current year.
TaskUs Company Profile
(
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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