Calamos Advisors LLC Acquires Shares of 725,086 TaskUs, Inc. $TASK

Key Points

• Calamos Advisors LLC bought a new stake of 725,086 shares of TaskUs in Q4, valued at about $8.55 million, bringing its ownership to roughly 0.80%.
• TaskUs beat Q4 estimates with $0.40 EPS versus a $0.36 consensus and revenue of $312.96 million versus $303.68 million, and analysts forecast about 1.16 EPS for the current year.
• The stock is trading near its 52-week low (opened at $6.48; 52-week low $6.20) and the company recently paid a notable $3.65 per-share dividend on March 25, with a market cap of roughly $587 million.

Calamos Advisors LLC bought a new stake in TaskUs, Inc. (NASDAQ:TASK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 725,086 shares of the company's stock, valued at approximately $8,549,000. Calamos Advisors LLC owned 0.80% of TaskUs as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in TaskUs by 39.6% in the third quarter. Vanguard Group Inc. now owns 1,536,748 shares of the company's stock valued at $27,431,000 after acquiring an additional 435,892 shares during the last quarter. Hudson Bay Capital Management LP acquired a new position in TaskUs during the 3rd quarter valued at about $17,796,000. Qube Research & Technologies Ltd bought a new position in shares of TaskUs in the 2nd quarter valued at about $16,325,000. LMR Partners LLP acquired a new stake in shares of TaskUs during the 2nd quarter worth approximately $5,028,000. Finally, JPMorgan Chase & Co. grew its position in shares of TaskUs by 182.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 209,998 shares of the company's stock worth $3,520,000 after buying an additional 135,691 shares during the period. Institutional investors own 44.64% of the company's stock.

TaskUs Price Performance

Shares of NASDAQ TASK opened at $6.48 on Monday. TaskUs, Inc. has a 52-week low of $6.20 and a 52-week high of $18.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.12 and a current ratio of 3.12. The stock has a market cap of $586.83 million, a P/E ratio of 5.84 and a beta of 2.06. The firm has a 50 day moving average price of $8.91 and a 200 day moving average price of $10.86.

TaskUs (NASDAQ:TASK - Get Free Report) last posted its earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. TaskUs had a net margin of 8.64% and a return on equity of 22.52%. The company had revenue of $312.96 million for the quarter, compared to analyst estimates of $303.68 million. Analysts expect that TaskUs, Inc. will post 1.16 EPS for the current year.

TaskUs Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were issued a dividend of $3.65 per share.

Insider Transactions at TaskUs

In other TaskUs news, insider Jarrod Johnson sold 25,000 shares of the business's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $6.78, for a total value of $169,500.00. Following the completion of the transaction, the insider directly owned 36,536 shares of the company's stock, valued at approximately $247,714.08. The trade was a 40.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 31.92% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TASK shares. Wall Street Zen upgraded shares of TaskUs from a "buy" rating to a "strong-buy" rating in a report on Saturday. Morgan Stanley dropped their target price on shares of TaskUs from $16.50 to $12.00 and set an "equal weight" rating for the company in a research report on Friday, February 27th. Weiss Ratings lowered TaskUs from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, April 16th. Wedbush reaffirmed an "outperform" rating and set a $14.00 price objective on shares of TaskUs in a research note on Wednesday, April 15th. Finally, Piper Sandler lowered TaskUs to a "neutral" rating in a research note on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $14.25.

TaskUs Company Profile

TaskUs, Inc is a leading provider of outsourced digital customer experience and business process solutions, specializing in high-touch services for technology and digital-native companies. The firm delivers a range of offerings including customer care, content moderation, trust and safety monitoring, back-office processing and AI operations support. By combining technology-driven platforms with human-centric workflows, TaskUs helps clients optimize operational efficiency and maintain brand integrity across digital channels.

The company was founded in 2008 by Jaspar Weir and Bryce Maddock with the goal of reimagining traditional outsourcing through a focus on culture, technology and innovation.

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