JPMorgan Chase & Co. acquired a new stake in TaskUs, Inc. (NASDAQ:TASK - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 77,872 shares of the company's stock, valued at approximately $1,006,000. JPMorgan Chase & Co. owned 0.09% of TaskUs at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. US Bancorp DE grew its stake in TaskUs by 101.2% during the third quarter. US Bancorp DE now owns 5,001 shares of the company's stock worth $65,000 after buying an additional 2,516 shares during the last quarter. CWM LLC grew its position in TaskUs by 25,053.3% during the 3rd quarter. CWM LLC now owns 7,546 shares of the company's stock worth $97,000 after acquiring an additional 7,516 shares during the last quarter. Quantbot Technologies LP increased its holdings in TaskUs by 186.7% during the 3rd quarter. Quantbot Technologies LP now owns 9,428 shares of the company's stock valued at $122,000 after purchasing an additional 6,140 shares in the last quarter. Paloma Partners Management Co bought a new position in TaskUs in the 3rd quarter valued at $139,000. Finally, Olympiad Research LP acquired a new position in TaskUs in the third quarter worth $143,000. 44.64% of the stock is owned by institutional investors and hedge funds.
TaskUs Trading Down 2.7 %
NASDAQ TASK traded down $0.47 during trading hours on Friday, hitting $16.64. The company's stock had a trading volume of 254,215 shares, compared to its average volume of 261,234. The stock has a fifty day moving average of $16.02 and a 200 day moving average of $14.55. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.50. TaskUs, Inc. has a twelve month low of $10.56 and a twelve month high of $19.60. The firm has a market capitalization of $1.49 billion, a P/E ratio of 28.20, a PEG ratio of 4.54 and a beta of 2.23.
TaskUs (NASDAQ:TASK - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.06). TaskUs had a return on equity of 17.73% and a net margin of 5.58%. The company had revenue of $255.35 million during the quarter, compared to the consensus estimate of $245.24 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. Equities research analysts forecast that TaskUs, Inc. will post 0.9 earnings per share for the current fiscal year.
Insider Activity
In other TaskUs news, CAO Steven Amaya sold 75,579 shares of TaskUs stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $18.11, for a total transaction of $1,368,735.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Stephan Daoust sold 62,159 shares of the business's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $18.23, for a total value of $1,133,158.57. The disclosure for this sale can be found here. Insiders sold a total of 140,338 shares of company stock valued at $2,548,902 in the last ninety days. 29.26% of the stock is owned by insiders.
Analyst Ratings Changes
A number of research firms recently issued reports on TASK. Morgan Stanley raised TaskUs from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $18.00 to $21.00 in a report on Friday, December 13th. Robert W. Baird upped their target price on shares of TaskUs from $16.00 to $20.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Finally, Bank of America upgraded shares of TaskUs from a "neutral" rating to a "buy" rating and set a $18.00 price objective for the company in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $17.00.
Check Out Our Latest Analysis on TaskUs
TaskUs Company Profile
(
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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