Two Sigma Investments LP grew its position in TaskUs, Inc. (NASDAQ:TASK - Free Report) by 25.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 281,864 shares of the company's stock after acquiring an additional 57,248 shares during the period. Two Sigma Investments LP owned about 0.32% of TaskUs worth $4,775,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Think Investments LP lifted its stake in TaskUs by 14.5% in the 4th quarter. Think Investments LP now owns 2,881,513 shares of the company's stock valued at $48,813,000 after purchasing an additional 364,608 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in TaskUs in the 4th quarter valued at about $83,000. Lazard Asset Management LLC lifted its stake in TaskUs by 9.6% in the 4th quarter. Lazard Asset Management LLC now owns 9,972 shares of the company's stock valued at $167,000 after purchasing an additional 873 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in TaskUs in the 4th quarter valued at about $265,000. Finally, Balyasny Asset Management L.P. lifted its stake in TaskUs by 108.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 47,838 shares of the company's stock valued at $810,000 after purchasing an additional 24,834 shares during the last quarter. 44.64% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
TASK has been the subject of several recent analyst reports. Baird R W downgraded shares of TaskUs from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. William Blair cut shares of TaskUs from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Robert W. Baird cut shares of TaskUs from an "outperform" rating to a "neutral" rating and set a $16.50 price objective for the company. in a research report on Monday, May 12th. Finally, Royal Bank of Canada reduced their price objective on shares of 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 equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $16.86.
Check Out Our Latest Research Report on TaskUs
Insider Transactions at TaskUs
In related news, insider Jarrod Johnson sold 21,437 shares of the business's stock in a transaction dated 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 Securities & Exchange Commission, which is available at the SEC website. Insiders own 30.63% of the company's stock.
TaskUs Stock Performance
TASK stock traded down $0.09 during midday trading on Friday, reaching $16.65. 298,224 shares of the company were exchanged, compared to its average volume of 322,444. TaskUs, Inc. has a one year low of $10.57 and a one year high of $19.60. 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 $1.48 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 3.92 and a beta of 2.16. The business has a 50-day moving average price of $14.38 and a two-hundred day moving average price of $15.04.
TaskUs (NASDAQ:TASK - Get Free Report) last posted its 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. Equities research analysts forecast that TaskUs, Inc. will post 0.9 EPS for the current year.
About TaskUs
(
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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