AlphaQuest LLC Has $32,000 Stock Holdings in TaskUs, Inc. (NASDAQ:TASK)

AlphaQuest LLC cut its position in TaskUs, Inc. (NASDAQ:TASK) by 90.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,903 shares of the company’s stock after selling 17,666 shares during the period. AlphaQuest LLC’s holdings in TaskUs were worth $32,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in TaskUs by 71.5% in 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. Jane Street Group LLC raised its holdings in shares of 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 acquiring an additional 1,959 shares during the period. Centiva Capital LP raised its holdings in shares of TaskUs by 27.6% during the third 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. Barclays PLC raised its holdings in shares of TaskUs by 24.9% during the third quarter. Barclays PLC now owns 24,774 shares of the company’s stock worth $321,000 after acquiring an additional 4,945 shares during the period. Finally, Quantbot Technologies LP raised its holdings in shares of TaskUs by 186.7% during the third quarter. Quantbot Technologies LP now owns 9,428 shares of the company’s stock worth $122,000 after acquiring an additional 6,140 shares during the period. 44.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TaskUs

In other news, insider Jarrod Johnson sold 21,437 shares of TaskUs stock in a transaction dated Tuesday, March 18th. The shares were 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 Securities & Exchange Commission, which is available at the SEC website. Company insiders own 29.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on TASK. Royal Bank of Canada raised their price objective on shares of 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 upgraded shares of TaskUs from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $18.00 to $21.00 in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, TaskUs currently has a consensus rating of “Hold” and a consensus target price of $17.86.

TaskUs Stock Down 1.2 %

Shares of TASK stock opened at $13.38 on Friday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.50. TaskUs, Inc. has a 1 year low of $10.56 and a 1 year high of $19.60. The firm’s fifty day moving average price is $15.13 and its two-hundred day moving average price is $14.49. The firm has a market capitalization of $1.20 billion, a P/E ratio of 22.68, a PEG ratio of 3.92 and a beta of 2.24.

TaskUs (NASDAQ:TASK) 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 business had revenue of $274.24 million during the quarter, compared to analyst estimates of $268.65 million. On average, equities analysts predict that TaskUs, Inc. will post 0.9 EPS for the current fiscal year.

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.