TaskUs, Inc. (NASDAQ:TASK) Shares Sold by LSV Asset Management

LSV Asset Management trimmed its holdings in TaskUs, Inc. (NASDAQ:TASK - Free Report) by 40.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 83,900 shares of the company's stock after selling 57,259 shares during the period. LSV Asset Management owned 0.09% of TaskUs worth $1,421,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new stake in shares of TaskUs in the third quarter valued at approximately $1,006,000. Janney Montgomery Scott LLC purchased a new stake in TaskUs in the 4th quarter valued at approximately $613,000. Raymond James Financial Inc. acquired a new stake in TaskUs during the 4th quarter valued at $408,000. Vontobel Holding Ltd. purchased a new position in TaskUs during the fourth quarter worth $338,000. Finally, Nkcfo LLC acquired a new position in shares of TaskUs in the fourth quarter worth $339,000. 44.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Royal Bank of Canada lifted their price objective on TaskUs from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, TaskUs presently has an average rating of "Hold" and an average price target of $17.86.

TaskUs Trading Up 0.7 %

NASDAQ TASK traded up $0.09 during trading hours on Friday, hitting $12.96. 200,878 shares of the company's stock were exchanged, compared to its average volume of 268,635. The business's 50 day moving average is $13.64 and its 200-day moving average is $14.54. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.02 and a current ratio of 3.02. TaskUs, Inc. has a 12-month low of $10.57 and a 12-month high of $19.60. The firm has a market capitalization of $1.17 billion, a P/E ratio of 21.97, a price-to-earnings-growth ratio of 3.92 and a beta of 2.17.

TaskUs (NASDAQ:TASK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.22 earnings per share 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 company had revenue of $274.24 million for the quarter, compared to analysts' expectations of $268.65 million. As a group, analysts anticipate that TaskUs, Inc. will post 0.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jarrod Johnson sold 21,437 shares of the business's stock in a transaction dated 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 Securities & Exchange Commission, which is available at this hyperlink. 29.26% of the stock is currently owned by insiders.

TaskUs Company 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.