Royce & Associates LP Grows Stock Holdings in TaskUs, Inc. (NASDAQ:TASK)

Royce & Associates LP grew its holdings in TaskUs, Inc. (NASDAQ:TASK) by 10.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 742,679 shares of the company’s stock after purchasing an additional 73,100 shares during the quarter. Royce & Associates LP’s holdings in TaskUs were worth $12,581,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of TaskUs during the 4th quarter worth approximately $408,000. Nkcfo LLC acquired a new stake in shares of TaskUs during the 4th quarter worth approximately $339,000. Blue Trust Inc. increased its holdings in shares of TaskUs by 71.5% during the 4th quarter. Blue Trust Inc. now owns 1,677 shares of the company’s stock worth $28,000 after buying an additional 699 shares during the last quarter. Vontobel Holding Ltd. acquired a new stake in shares of TaskUs during the 4th quarter worth approximately $338,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of TaskUs during the 4th quarter worth approximately $613,000. 44.64% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TaskUs

In other news, insider Jarrod Johnson sold 15,460 shares of TaskUs stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $13.25, for a total transaction of $204,845.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 29.26% of the company’s stock.

Wall Street Analyst Weigh In

TASK has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price target on shares of TaskUs from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Thursday, February 27th. Morgan Stanley upgraded shares of TaskUs from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $18.00 to $21.00 in a report on Friday, December 13th. Finally, Bank of America upgraded shares of TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, TaskUs has a consensus rating of “Hold” and a consensus price target of $17.25.

TaskUs Stock Down 1.5 %

TaskUs stock opened at $13.46 on Tuesday. The firm has a 50 day moving average price of $15.27 and a 200 day moving average price of $14.50. The company has a market capitalization of $1.21 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 3.92 and a beta of 2.24. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.02 and a current ratio of 3.02. TaskUs, Inc. has a fifty-two week low of $10.56 and a fifty-two week high of $19.60.

TaskUs (NASDAQ:TASK) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.12). The business had revenue of $274.24 million during the quarter, compared to analyst estimates of $268.65 million. TaskUs had a return on equity of 17.73% and a net margin of 5.58%. Research analysts expect 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.