TaskUs, Inc. $TASK Shares Sold by Athos Capital Ltd

Athos Capital Ltd lowered its stake in TaskUs, Inc. (NASDAQ:TASK) by 27.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 144,179 shares of the company’s stock after selling 55,821 shares during the period. TaskUs accounts for approximately 1.6% of Athos Capital Ltd’s holdings, making the stock its 13th biggest holding. Athos Capital Ltd owned 0.16% of TaskUs worth $2,574,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund acquired a new position in shares of TaskUs in the 2nd quarter valued at about $67,000. Harbor Capital Advisors Inc. increased its position in TaskUs by 21.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 4,994 shares of the company’s stock valued at $89,000 after acquiring an additional 896 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in shares of TaskUs during the second quarter valued at about $211,000. IHT Wealth Management LLC acquired a new stake in shares of TaskUs in the 2nd quarter worth approximately $274,000. Finally, Lazard Asset Management LLC boosted its stake in TaskUs by 7.8% during the 2nd quarter. Lazard Asset Management LLC now owns 18,522 shares of the company’s stock valued at $308,000 after purchasing an additional 1,342 shares in the last quarter. 44.64% of the stock is currently owned by institutional investors.

TaskUs Stock Down 4.2%

Shares of TASK stock opened at $10.92 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.89 and a quick ratio of 2.89. The stock has a fifty day moving average price of $11.02 and a 200 day moving average price of $13.18. TaskUs, Inc. has a one year low of $9.55 and a one year high of $18.39. The stock has a market cap of $987.39 million, a P/E ratio of 9.84 and a beta of 2.11.

TaskUs (NASDAQ:TASK) last posted its earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. TaskUs had a net margin of 8.64% and a return on equity of 23.10%. The business had revenue of $312.96 million for the quarter, compared to analysts’ expectations of $303.68 million. Analysts predict that TaskUs, Inc. will post 0.9 earnings per share for the current year.

TaskUs Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th will be issued a $3.65 dividend. The ex-dividend date of this dividend is Thursday, March 26th.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada lowered their price objective on shares of TaskUs from $17.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 26th. Morgan Stanley cut their target price on shares of TaskUs from $16.50 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, February 27th. Piper Sandler cut TaskUs to a “neutral” rating in a research note on Friday, February 27th. The Goldman Sachs Group raised shares of TaskUs to a “strong sell” rating in a research report on Monday, November 10th. Finally, Wedbush started coverage on TaskUs in a report on Tuesday, February 3rd. They set an “outperform” rating and a $15.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, TaskUs presently has an average rating of “Hold” and a consensus price target of $14.50.

TaskUs Profile

TaskUs, Inc is a leading provider of outsourced digital customer experience and business process solutions, specializing in high-touch services for technology and digital-native companies. The firm delivers a range of offerings including customer care, content moderation, trust and safety monitoring, back-office processing and AI operations support. By combining technology-driven platforms with human-centric workflows, TaskUs helps clients optimize operational efficiency and maintain brand integrity across digital channels.

The company was founded in 2008 by Jaspar Weir and Bryce Maddock with the goal of reimagining traditional outsourcing through a focus on culture, technology and innovation.