SG Americas Securities LLC Acquires New Holdings in TaskUs, Inc. (NASDAQ:TASK)

SG Americas Securities LLC bought a new position in TaskUs, Inc. (NASDAQ:TASKFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 180,715 shares of the company’s stock, valued at approximately $2,362,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Advisors Asset Management Inc. acquired a new position in shares of TaskUs in the first quarter valued at $42,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in TaskUs during the 2nd quarter worth approximately $61,000. Quarry LP raised its position in shares of TaskUs by 947.5% in the 2nd quarter. Quarry LP now owns 7,647 shares of the company’s stock worth $87,000 after acquiring an additional 6,917 shares in the last quarter. Transatlantique Private Wealth LLC acquired a new stake in shares of TaskUs in the 3rd quarter valued at about $107,000. Finally, Canada Pension Plan Investment Board acquired a new stake in TaskUs in the 1st quarter valued at $108,000. 44.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Royal Bank of Canada increased their target price on shares of TaskUs from $16.00 to $17.00 and gave the company a “sector perform” rating in a report on Thursday, February 29th. Bank of America increased their price objective on TaskUs from $11.00 to $12.00 and gave the stock an “underperform” rating in a report on Thursday, February 29th. Citigroup increased their target price on shares of TaskUs from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, Guggenheim started coverage on TaskUs in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $13.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $14.63.

Read Our Latest Stock Analysis on TaskUs

TaskUs Stock Performance

TaskUs stock opened at $11.36 on Wednesday. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $1.01 billion, a PE ratio of 24.17, a P/E/G ratio of 3.25 and a beta of 2.40. The firm has a fifty day simple moving average of $12.56 and a two-hundred day simple moving average of $11.58. TaskUs, Inc. has a twelve month low of $7.95 and a twelve month high of $15.15.

TaskUs (NASDAQ:TASKGet Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.05. The business had revenue of $234.26 million during the quarter, compared to the consensus estimate of $225.96 million. TaskUs had a net margin of 4.94% and a return on equity of 16.91%. Research analysts expect that TaskUs, Inc. will post 0.75 EPS for the current year.

TaskUs Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TaskUs (NASDAQ:TASK)

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