JPMorgan Chase & Co. lifted its holdings in shares of TaskUs, Inc. (NASDAQ:TASK - Free Report) by 32.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 103,045 shares of the company's stock after buying an additional 25,173 shares during the period. JPMorgan Chase & Co. owned approximately 0.12% of TaskUs worth $1,746,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Blue Trust Inc. lifted its position in TaskUs by 71.5% during the 4th quarter. Blue Trust Inc. now owns 1,677 shares of the company's stock worth $28,000 after acquiring an additional 699 shares during the period. Jane Street Group LLC grew its position in TaskUs by 9.9% in the 3rd quarter. Jane Street Group LLC now owns 21,761 shares of the company's stock valued at $281,000 after buying an additional 1,959 shares during the last quarter. American Century Companies Inc. grew its position in TaskUs by 11.6% in the 4th quarter. American Century Companies Inc. now owns 36,888 shares of the company's stock valued at $625,000 after buying an additional 3,841 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in TaskUs during the 4th quarter worth $81,000. Finally, Barclays PLC lifted its stake in shares of TaskUs by 24.9% in the 3rd 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 period. Hedge funds and other institutional investors own 44.64% of the company's stock.
TaskUs Price Performance
Shares of TASK traded up $0.26 during trading hours on Monday, reaching $14.00. The company had a trading volume of 241,309 shares, compared to its average volume of 268,810. 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 firm has a 50 day simple moving average of $13.41 and a 200-day simple moving average of $14.61. TaskUs, Inc. has a 12-month low of $10.57 and a 12-month high of $19.60. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 3.92 and a beta of 2.17.
TaskUs (NASDAQ:TASK - Get Free Report) last announced its quarterly 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). 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 analysts' expectations of $268.65 million. Research analysts expect that TaskUs, Inc. will post 0.9 earnings per share for the current year.
Wall Street Analyst Weigh In
Separately, Royal Bank of Canada boosted their price target on shares of TaskUs from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, TaskUs presently has an average rating of "Hold" and a consensus price target of $17.86.
Check Out Our Latest Analysis on TASK
Insider Buying and Selling 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 shares were sold at an average price of $13.60, for a total value of $291,543.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. 30.63% of the stock is owned by corporate insiders.
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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