SG Americas Securities LLC Grows Position in TaskUs, Inc. (NASDAQ:TASK)

SG Americas Securities LLC grew its holdings in TaskUs, Inc. (NASDAQ:TASK - Free Report) by 217.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 350,719 shares of the company's stock after acquiring an additional 240,093 shares during the period. SG Americas Securities LLC owned about 0.39% of TaskUs worth $5,941,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of TASK. Jane Street Group LLC grew its holdings in TaskUs by 9.9% during the 3rd quarter. Jane Street Group LLC now owns 21,761 shares of the company's stock worth $281,000 after acquiring an additional 1,959 shares in the last quarter. US Bancorp DE lifted its position in shares of TaskUs by 101.2% during the 3rd quarter. US Bancorp DE now owns 5,001 shares of the company's stock worth $65,000 after purchasing an additional 2,516 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of TaskUs by 19.7% during the second quarter. Hsbc Holdings PLC now owns 16,885 shares of the company's stock worth $225,000 after purchasing an additional 2,779 shares in the last quarter. American Century Companies Inc. increased its holdings in TaskUs by 11.4% in the second quarter. American Century Companies Inc. now owns 27,976 shares of the company's stock valued at $372,000 after buying an additional 2,863 shares during the last quarter. Finally, Centiva Capital LP raised its stake in TaskUs by 27.6% in the third quarter. Centiva Capital LP now owns 19,512 shares of the company's stock valued at $252,000 after buying an additional 4,218 shares in the last quarter. Hedge funds and other institutional investors own 44.64% of the company's stock.

TaskUs Stock Performance

Shares of TASK traded down $0.47 during mid-day trading on Friday, reaching $16.64. 254,215 shares of the company's stock were exchanged, compared to its average volume of 261,234. The business's fifty day simple moving average is $16.02 and its 200-day simple moving average is $14.55. TaskUs, Inc. has a 52-week low of $10.56 and a 52-week high of $19.60. The stock has a market capitalization of $1.49 billion, a PE ratio of 28.20, a price-to-earnings-growth ratio of 4.54 and a beta of 2.23. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.02 and a quick ratio of 3.02.

TaskUs (NASDAQ:TASK - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.06). TaskUs had a net margin of 5.58% and a return on equity of 17.73%. The business had revenue of $255.35 million during the quarter, compared to analyst estimates of $245.24 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share. On average, equities research analysts expect that TaskUs, Inc. will post 0.9 earnings per share for the current year.

Insider Buying and Selling at TaskUs

In other TaskUs news, COO Stephan Daoust sold 62,159 shares of TaskUs stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $18.23, for a total value of $1,133,158.57. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Steven Amaya sold 75,579 shares of the business's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $18.11, for a total value of $1,368,735.69. 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. Insiders own 29.26% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on TASK. Bank of America raised 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. Morgan Stanley raised TaskUs from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $18.00 to $21.00 in a report on Friday, December 13th. Finally, Robert W. Baird raised their price objective on shares of TaskUs from $16.00 to $20.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, TaskUs currently has a consensus rating of "Hold" and an average price target of $17.00.

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.