SG Americas Securities LLC Acquires 240,093 Shares of TaskUs, Inc. (NASDAQ:TASK)

SG Americas Securities LLC raised its stake in shares of TaskUs, Inc. (NASDAQ:TASK) by 217.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 350,719 shares of the company’s stock after acquiring an additional 240,093 shares during the period. SG Americas Securities LLC owned approximately 0.39% of TaskUs worth $5,941,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Seldon Capital LP bought a new position in TaskUs during the third quarter valued at approximately $5,393,000. Jacobs Levy Equity Management Inc. boosted its stake in shares of TaskUs by 47.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 263,734 shares of the company’s stock worth $3,407,000 after buying an additional 84,988 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of TaskUs in the third quarter worth $1,006,000. Royce & Associates LP increased its position in TaskUs by 8.9% during the third quarter. Royce & Associates LP now owns 669,579 shares of the company’s stock valued at $8,651,000 after acquiring an additional 54,770 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in TaskUs by 15.2% in the second quarter. Dimensional Fund Advisors LP now owns 392,504 shares of the company’s stock worth $5,224,000 after purchasing an additional 51,935 shares during the last quarter. Hedge funds and other institutional investors own 44.64% of the company’s stock.

TaskUs Trading Down 2.7 %

TASK stock opened at $16.64 on Friday. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 4.54 and a beta of 2.23. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.02 and a quick ratio of 3.02. TaskUs, Inc. has a 1-year low of $10.56 and a 1-year high of $19.60. The business has a 50 day simple moving average of $16.02 and a two-hundred day simple moving average of $14.55.

TaskUs (NASDAQ:TASK) last issued its earnings results on Thursday, November 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.06). The firm had revenue of $255.35 million during the quarter, compared to the consensus estimate of $245.24 million. TaskUs had a return on equity of 17.73% and a net margin of 5.58%. During the same period last year, the firm posted $0.19 earnings per share. Research analysts anticipate that TaskUs, Inc. will post 0.9 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on TASK. Robert W. Baird boosted their target price on shares of TaskUs from $16.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Bank of America raised shares of TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Monday, December 9th. Finally, Morgan Stanley raised TaskUs from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $18.00 to $21.00 in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $17.00.

Insider Buying and Selling

In other TaskUs news, CAO Steven Amaya sold 75,579 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $18.11, for a total transaction of $1,368,735.69. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Stephan Daoust sold 62,159 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $18.23, for a total value of $1,133,158.57. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 140,338 shares of company stock worth $2,548,902. Insiders own 29.26% of the company’s stock.

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.