Occudo Quantitative Strategies LP reduced its holdings in TaskUs, Inc. (NASDAQ:TASK - Free Report) by 54.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,254 shares of the company's stock after selling 15,712 shares during the period. Occudo Quantitative Strategies LP's holdings in TaskUs were worth $225,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Barclays PLC boosted its stake in shares of TaskUs by 24.9% in the third quarter. Barclays PLC now owns 24,774 shares of the company's stock worth $321,000 after acquiring an additional 4,945 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of TaskUs in the third quarter worth approximately $1,006,000. SG Americas Securities LLC boosted its stake in shares of TaskUs by 217.0% in the fourth quarter. SG Americas Securities LLC now owns 350,719 shares of the company's stock worth $5,941,000 after acquiring an additional 240,093 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of TaskUs in the fourth quarter worth approximately $613,000. Finally, Blue Trust Inc. lifted its position in TaskUs by 71.5% during the fourth quarter. Blue Trust Inc. now owns 1,677 shares of the company's stock worth $28,000 after buying an additional 699 shares in the last quarter. 44.64% of the stock is owned by institutional investors and hedge funds.
TaskUs Trading Down 0.6%
NASDAQ:TASK traded down $0.10 on Friday, reaching $16.75. The company's stock had a trading volume of 329,787 shares, compared to its average volume of 315,982. TaskUs, Inc. has a 12-month low of $10.57 and a 12-month high of $19.60. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.50. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 28.39, a price-to-earnings-growth ratio of 3.92 and a beta of 2.16. The stock has a 50 day moving average price of $14.06 and a 200 day moving average price of $15.01.
TaskUs (NASDAQ:TASK - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.22 EPS for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $268.65 million. On average, equities analysts anticipate that TaskUs, Inc. will post 0.9 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
TASK has been the topic of a number of analyst reports. Baird R W downgraded TaskUs from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. 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 TaskUs from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Royal Bank of Canada reduced their price objective on TaskUs from $20.00 to $16.50 and set a "sector perform" rating on the stock in a research 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 company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $16.86.
View Our Latest Report on TaskUs
Insider Buying and Selling at TaskUs
In related 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 filing with the SEC, which is accessible through this link. Company insiders own 30.63% of the company's stock.
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.
Featured Articles
Before you consider TaskUs, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TaskUs wasn't on the list.
While TaskUs currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
