SG Americas Securities LLC boosted its position in TaskUs, Inc. (NASDAQ:TASK - Free Report) by 85.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 651,838 shares of the company's stock after purchasing an additional 301,119 shares during the quarter. SG Americas Securities LLC owned about 0.72% of TaskUs worth $8,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Think Investments LP raised its position in shares of TaskUs by 14.5% during the 4th quarter. Think Investments LP now owns 2,881,513 shares of the company's stock valued at $48,813,000 after buying an additional 364,608 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of TaskUs by 7.9% during the 4th quarter. Ameriprise Financial Inc. now owns 957,653 shares of the company's stock valued at $16,223,000 after buying an additional 69,704 shares in the last quarter. Royce & Associates LP raised its position in shares of TaskUs by 10.9% during the 4th quarter. Royce & Associates LP now owns 742,679 shares of the company's stock valued at $12,581,000 after buying an additional 73,100 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of TaskUs by 7.0% during the 4th quarter. Renaissance Technologies LLC now owns 497,623 shares of the company's stock valued at $8,430,000 after buying an additional 32,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of TaskUs by 5.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 471,011 shares of the company's stock valued at $7,979,000 after buying an additional 23,713 shares in the last quarter. 44.64% of the stock is currently owned by hedge funds and other institutional investors.
TaskUs Trading Down 0.3%
TaskUs stock traded down $0.05 during trading hours on Friday, reaching $16.72. The stock had a trading volume of 261,598 shares, compared to its average volume of 323,310. The stock has a market cap of $1.49 billion, a PE ratio of 28.34, a PEG ratio of 3.92 and a beta of 2.19. TaskUs, Inc. has a 52 week low of $10.57 and a 52 week 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 company has a fifty day simple moving average of $15.09 and a 200-day simple moving average of $15.20.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. Royal Bank of Canada lowered their price objective on shares of TaskUs from $20.00 to $16.50 and set a "sector perform" rating on the stock in a research report on Monday, May 12th. Baird R W lowered shares of TaskUs from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. Robert W. Baird lowered shares of TaskUs from an "outperform" rating to a "neutral" rating and set a $16.50 target price on the stock. in a report on Monday, May 12th. Finally, William Blair lowered shares of TaskUs from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $16.86.
View Our Latest Analysis on TaskUs
Insider Transactions at TaskUs
In related news, insider Jarrod Johnson sold 21,437 shares of TaskUs stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 30.63% of the company's stock.
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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