Renaissance Technologies LLC Has $8.43 Million Position in TaskUs, Inc. (NASDAQ:TASK)

Renaissance Technologies LLC raised its stake in shares of TaskUs, Inc. (NASDAQ:TASK - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 497,623 shares of the company's stock after buying an additional 32,500 shares during the period. Renaissance Technologies LLC owned approximately 0.56% of TaskUs worth $8,430,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Royce & Associates LP lifted its holdings in shares of TaskUs by 10.9% during the fourth quarter. Royce & Associates LP now owns 742,679 shares of the company's stock valued at $12,581,000 after purchasing an additional 73,100 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of TaskUs by 217.0% in the fourth quarter. SG Americas Securities LLC now owns 350,719 shares of the company's stock worth $5,941,000 after buying an additional 240,093 shares during the period. JPMorgan Chase & Co. increased its position in shares of TaskUs by 32.3% in the fourth quarter. JPMorgan Chase & Co. now owns 103,045 shares of the company's stock worth $1,746,000 after acquiring an additional 25,173 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of TaskUs by 18.8% during the fourth quarter. Teacher Retirement System of Texas now owns 82,372 shares of the company's stock valued at $1,395,000 after acquiring an additional 13,045 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of TaskUs by 27.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 48,934 shares of the company's stock valued at $829,000 after acquiring an additional 10,612 shares in the last quarter. Institutional investors own 44.64% of the company's stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised their target price 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 equities 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. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $17.86.

Insider Activity

In other TaskUs news, insider Jarrod Johnson sold 21,437 shares of TaskUs stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $13.60, for a total value of $291,543.20. The sale was disclosed in a filing with the SEC, which is available through this link. 29.26% of the stock is currently owned by company insiders.

TaskUs Stock Up 0.7 %

Shares of TaskUs stock traded up $0.09 during midday trading on Friday, reaching $12.96. 200,878 shares of the company's stock traded hands, compared to its average volume of 268,698. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 3.92 and a beta of 2.17. TaskUs, Inc. has a 52 week low of $10.57 and a 52 week high of $19.60. The company's 50 day simple moving average is $13.64 and its 200 day simple moving average is $14.55. 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 (NASDAQ:TASK - Get Free Report) last posted its earnings results 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 during the quarter, compared to analyst estimates of $268.65 million. Equities analysts expect that TaskUs, Inc. will post 0.9 earnings per share for the current fiscal year.

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.