24,112 Shares in TaskUs, Inc. (NASDAQ:TASK) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of TaskUs, Inc. (NASDAQ:TASK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 24,112 shares of the company's stock, valued at approximately $408,000.

Several other institutional investors have also recently modified their holdings of the stock. Blue Trust Inc. lifted its position in TaskUs by 71.5% during the fourth quarter. Blue Trust Inc. now owns 1,677 shares of the company's stock worth $28,000 after buying an additional 699 shares during the period. Centiva Capital LP lifted its holdings in shares of TaskUs by 27.6% during the 3rd quarter. Centiva Capital LP now owns 19,512 shares of the company's stock worth $252,000 after acquiring an additional 4,218 shares during the period. Harbour Capital Advisors LLC acquired a new stake in shares of TaskUs in the fourth quarter worth approximately $266,000. XTX Topco Ltd purchased a new stake in TaskUs in the third quarter valued at approximately $269,000. Finally, Jane Street Group LLC increased its position in TaskUs by 9.9% during the third quarter. Jane Street Group LLC now owns 21,761 shares of the company's stock worth $281,000 after purchasing an additional 1,959 shares during the last quarter. 44.64% of the stock is currently owned by institutional investors and hedge funds.

TaskUs Stock Up 1.1 %

Shares of TASK stock traded up $0.14 during trading hours on Friday, reaching $12.47. The company had a trading volume of 256,929 shares, compared to its average volume of 268,246. The company has a market capitalization of $1.12 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 3.92 and a beta of 2.17. 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 twelve month low of $10.56 and a twelve month high of $19.60. The stock's fifty day simple moving average is $13.95 and its 200 day simple moving average is $14.55.

Remove Ads

TaskUs (NASDAQ:TASK - Get Free Report) last posted 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 firm had revenue of $274.24 million for the quarter, compared to analyst estimates of $268.65 million. TaskUs had a return on equity of 17.73% and a net margin of 5.58%. As a group, sell-side analysts expect that TaskUs, Inc. will post 0.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Activity

In other TaskUs news, insider Jarrod Johnson sold 15,460 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $13.25, for a total value of $204,845.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 29.26% of the company's stock.

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.