115,867 Shares in TaskUs, Inc. $TASK Acquired by Groupe la Francaise

Groupe la Francaise purchased a new position in shares of TaskUs, Inc. (NASDAQ:TASK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 115,867 shares of the company’s stock, valued at approximately $1,942,000. Groupe la Francaise owned 0.13% of TaskUs as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. OMERS ADMINISTRATION Corp acquired a new stake in TaskUs during the 2nd quarter worth approximately $211,000. New York State Common Retirement Fund purchased a new stake in TaskUs during the second quarter worth $67,000. NINE MASTS CAPITAL Ltd acquired a new stake in TaskUs in the 2nd quarter valued at about $503,000. Quadrature Capital Ltd purchased a new stake in shares of TaskUs in the second quarter valued at about $445,000. Finally, American Century Companies Inc. grew its position in shares of TaskUs by 4.9% in the second quarter. American Century Companies Inc. now owns 43,404 shares of the company’s stock valued at $727,000 after purchasing an additional 2,045 shares during the last quarter. Hedge funds and other institutional investors own 44.64% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on TASK. Zacks Research downgraded TaskUs from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Royal Bank Of Canada boosted their price target on TaskUs from $16.50 to $17.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. Morgan Stanley downgraded TaskUs from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $21.00 to $16.50 in a research report on Tuesday, September 9th. Robert W. Baird increased their price objective on TaskUs from $16.50 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of TaskUs in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $17.38.

TaskUs Trading Up 2.2%

Shares of TaskUs stock opened at $12.06 on Thursday. TaskUs, Inc. has a fifty-two week low of $10.68 and a fifty-two week high of $18.60. The business’s fifty day moving average is $13.51 and its two-hundred day moving average is $15.84. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 0.40. The firm has a market cap of $1.09 billion, a PE ratio of 13.55 and a beta of 2.12.

TaskUs (NASDAQ:TASK) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. TaskUs had a return on equity of 21.27% and a net margin of 7.11%.The business had revenue of $298.71 million during the quarter, compared to the consensus estimate of $286.71 million. Analysts anticipate that TaskUs, Inc. will post 0.9 earnings per share for the current year.

TaskUs Company 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.