Two Sigma Advisers LP grew its position in shares of TaskUs, Inc. (NASDAQ:TASK - Free Report) by 26.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 264,800 shares of the company's stock after acquiring an additional 55,900 shares during the quarter. Two Sigma Advisers LP owned about 0.30% of TaskUs worth $4,486,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new stake in shares of TaskUs in the third quarter worth $1,006,000. Janney Montgomery Scott LLC acquired a new stake in TaskUs in the 4th quarter valued at $613,000. Blue Trust Inc. raised its position in TaskUs by 71.5% in the fourth quarter. Blue Trust Inc. now owns 1,677 shares of the company's stock valued at $28,000 after purchasing an additional 699 shares during the period. Vontobel Holding Ltd. acquired a new position in shares of TaskUs during the fourth quarter worth about $338,000. Finally, Nkcfo LLC purchased a new stake in shares of TaskUs in the fourth quarter worth about $339,000. 44.64% of the stock is currently owned by hedge funds and other institutional investors.
TaskUs Price Performance
NASDAQ:TASK traded down $0.08 during mid-day trading on Friday, reaching $16.67. 29,033 shares of the stock were exchanged, compared to its average volume of 320,699. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.50. The business has a fifty day moving average price of $14.32 and a 200 day moving average price of $15.03. TaskUs, Inc. has a 1-year low of $10.57 and a 1-year high of $19.60. The firm has a market capitalization of $1.48 billion, a PE ratio of 28.29, a PEG ratio of 3.92 and a beta of 2.16.
TaskUs (NASDAQ:TASK - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.12). The business had revenue of $274.24 million for the quarter, compared to analyst estimates of $268.65 million. TaskUs had a net margin of 5.58% and a return on equity of 17.73%. Research analysts expect that TaskUs, Inc. will post 0.9 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
TASK has been the topic of a number of recent analyst reports. Baird R W lowered 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 target on the stock. in a report on Monday, May 12th. William Blair lowered 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 target price on shares of TaskUs from $20.00 to $16.50 and set a "sector perform" rating for the company in a research note 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 assigned a buy rating to the company's stock. According to data from MarketBeat, TaskUs has an average rating of "Hold" and an average target price of $16.86.
Get Our Latest Stock Analysis on TaskUs
Insider Buying and Selling at TaskUs
In related news, insider Jarrod Johnson sold 21,437 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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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