Royce & Associates LP Acquires 73,100 Shares of TaskUs, Inc. (NASDAQ:TASK)

Royce & Associates LP lifted its position in TaskUs, Inc. (NASDAQ:TASK - Free Report) by 10.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 742,679 shares of the company's stock after buying an additional 73,100 shares during the quarter. Royce & Associates LP owned about 0.83% of TaskUs worth $12,581,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of TaskUs in the 4th quarter valued at about $408,000. Nkcfo LLC acquired a new stake in TaskUs in the 4th quarter valued at about $339,000. Blue Trust Inc. grew its holdings 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 purchasing an additional 699 shares during the period. Vontobel Holding Ltd. acquired a new position in TaskUs during the fourth quarter worth approximately $338,000. Finally, Janney Montgomery Scott LLC bought a new stake in TaskUs in the fourth quarter valued at approximately $613,000. 44.64% of the stock is currently owned by institutional investors and hedge funds.

TaskUs Stock Performance

NASDAQ TASK traded down $0.16 during trading on Friday, reaching $13.38. The company's stock had a trading volume of 256,765 shares, compared to its average volume of 254,796. TaskUs, Inc. has a 12 month low of $10.56 and a 12 month high of $19.60. The firm has a 50 day moving average price of $15.16 and a 200 day moving average price of $14.49. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 3.92 and a beta of 2.24. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.50.

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TaskUs (NASDAQ:TASK - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.12). TaskUs had a net margin of 5.58% and a return on equity of 17.73%. The company had revenue of $274.24 million during the quarter, compared to the consensus estimate of $268.65 million. As a group, equities analysts anticipate that TaskUs, Inc. will post 0.9 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Royal Bank of Canada boosted their target price on TaskUs from $18.00 to $20.00 and gave the stock a "sector perform" rating in a report on Thursday, February 27th. Bank of America upgraded shares of TaskUs from a "neutral" rating to a "buy" rating and set a $18.00 price objective on the stock in a report on Monday, December 9th. Finally, Morgan Stanley raised shares of TaskUs from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $18.00 to $21.00 in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $17.86.

Insider Buying and Selling

In other TaskUs news, insider Jarrod Johnson sold 15,460 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $13.25, for a total transaction of $204,845.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 29.26% of the stock is owned by company insiders.

About TaskUs

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.