Quantbot Technologies LP Sells 2,066 Shares of TaskUs, Inc. (NASDAQ:TASK)

Quantbot Technologies LP decreased its position in TaskUs, Inc. (NASDAQ:TASK) by 21.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 7,362 shares of the company’s stock after selling 2,066 shares during the period. Quantbot Technologies LP’s holdings in TaskUs were worth $125,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Royce & Associates LP lifted its position in shares of TaskUs by 10.9% in the fourth quarter. Royce & Associates LP now owns 742,679 shares of the company’s stock worth $12,581,000 after purchasing an additional 73,100 shares in the last quarter. SG Americas Securities LLC lifted its position in TaskUs by 217.0% during the 4th 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 in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of TaskUs by 47.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 263,734 shares of the company’s stock worth $3,407,000 after buying an additional 84,988 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of TaskUs by 18.8% in the 4th 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 in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of TaskUs in the third quarter valued at about $1,006,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Royal Bank of Canada raised their price target on TaskUs from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Thursday, February 27th. Bank of America raised shares of TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Monday, December 9th. Finally, Morgan Stanley raised shares of TaskUs from an “equal weight” rating to an “overweight” rating and upped their price target for the stock 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 assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $17.86.

TaskUs Price Performance

NASDAQ:TASK opened at $13.70 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.02 and a current ratio of 3.02. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 23.22, a P/E/G ratio of 3.92 and a beta of 2.24. TaskUs, Inc. has a 52 week low of $10.56 and a 52 week high of $19.60. The firm’s 50-day simple moving average is $14.88 and its 200 day simple moving average is $14.55.

TaskUs (NASDAQ:TASK) last announced its quarterly earnings data 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). The company had revenue of $274.24 million during the quarter, compared to analyst estimates of $268.65 million. TaskUs had a net margin of 5.58% and a return on equity of 17.73%. As a group, sell-side analysts predict that TaskUs, Inc. will post 0.9 earnings per share for the current year.

Insider Buying and Selling at TaskUs

In related news, insider Jarrod Johnson sold 15,460 shares of the stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Company 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.