DekaBank Deutsche Girozentrale Purchases Shares of 4,822 TaskUs, Inc. (NASDAQ:TASK)

DekaBank Deutsche Girozentrale purchased a new stake in shares of TaskUs, Inc. (NASDAQ:TASK) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 4,822 shares of the company’s stock, valued at approximately $64,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of TaskUs during the 4th quarter worth $2,362,000. American Century Companies Inc. boosted its stake in shares of TaskUs by 32.2% during the 3rd quarter. American Century Companies Inc. now owns 16,290 shares of the company’s stock worth $169,000 after acquiring an additional 3,964 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of TaskUs by 28.0% during the 3rd quarter. AQR Capital Management LLC now owns 277,069 shares of the company’s stock worth $2,876,000 after acquiring an additional 60,538 shares in the last quarter. Gotham Asset Management LLC bought a new stake in shares of TaskUs during the 3rd quarter worth $123,000. Finally, Trexquant Investment LP boosted its stake in shares of TaskUs by 25.1% during the 3rd quarter. Trexquant Investment LP now owns 132,416 shares of the company’s stock worth $1,374,000 after acquiring an additional 26,581 shares in the last quarter. 44.64% of the stock is owned by institutional investors.

TaskUs Price Performance

TASK opened at $10.92 on Thursday. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.58. TaskUs, Inc. has a 12-month low of $7.95 and a 12-month high of $14.67. The stock has a fifty day moving average of $12.03 and a 200-day moving average of $11.75. The firm has a market capitalization of $968.28 million, a P/E ratio of 23.23, a PEG ratio of 2.99 and a beta of 2.35.

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

Analyst Upgrades and Downgrades

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

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.