Jacobs Levy Equity Management Inc. Decreases Stock Holdings in TaskUs, Inc. (NASDAQ:TASK)

Jacobs Levy Equity Management Inc. cut its stake in shares of TaskUs, Inc. (NASDAQ:TASK - Free Report) by 20.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 209,836 shares of the company's stock after selling 53,898 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.23% of TaskUs worth $3,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of TASK. Blue Trust Inc. lifted its stake in shares of TaskUs by 71.5% in the 4th 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. BNP Paribas Financial Markets bought a new position in shares of TaskUs during the fourth quarter valued at $80,000. KLP Kapitalforvaltning AS bought a new position in shares of TaskUs during the fourth quarter valued at $81,000. Russell Investments Group Ltd. bought a new position in shares of TaskUs during the fourth quarter valued at $115,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of TaskUs by 214.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,425 shares of the company's stock valued at $194,000 after acquiring an additional 7,788 shares in the last quarter. Hedge funds and other institutional investors own 44.64% of the company's stock.

Insider Buying and Selling

In other TaskUs news, insider Jarrod Johnson sold 21,437 shares of the stock in a transaction on Tuesday, March 18th. The stock was 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 SEC, which is accessible through the SEC website. 30.63% of the stock is owned by insiders.

TaskUs Trading Up 0.5%

TASK stock traded up $0.09 during midday trading on Monday, reaching $16.69. 227,588 shares of the company traded hands, compared to its average volume of 312,177. 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 quick ratio of 3.02 and a current ratio of 3.02. The business has a 50 day moving average of $13.73 and a 200-day moving average of $14.92. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 28.29, a P/E/G 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 analysts' consensus estimates of $0.34 by ($0.12). The business had revenue of $274.24 million for the quarter, compared to the consensus estimate of $268.65 million. TaskUs had a net margin of 5.58% and a return on equity of 17.73%. As a group, sell-side analysts expect that TaskUs, Inc. will post 0.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on TASK. Robert W. Baird lowered TaskUs from an "outperform" rating to a "neutral" rating and set a $16.50 target price for the company. in a report on Monday, May 12th. Royal Bank of Canada cut their price target on TaskUs from $20.00 to $16.50 and set a "sector perform" rating for the company in a report on Monday, May 12th. Baird R W downgraded TaskUs from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Finally, William Blair downgraded TaskUs from a "strong-buy" rating to a "hold" rating in a research 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 given a buy rating to the stock. According to MarketBeat, TaskUs currently has an average rating of "Hold" and an average target price of $16.86.

TaskUs Profile

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.