TaskUs, Inc. (NASDAQ:TASK) Shares Sold by Quest Partners LLC

Quest Partners LLC cut its position in shares of TaskUs, Inc. (NASDAQ:TASK) by 83.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 6,336 shares of the company’s stock after selling 31,116 shares during the quarter. Quest Partners LLC’s holdings in TaskUs were worth $84,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of TASK. nVerses Capital LLC acquired a new position in TaskUs during the second quarter worth about $28,000. Quarry LP lifted its stake in TaskUs by 326.6% during the fourth quarter. Quarry LP now owns 4,321 shares of the company’s stock valued at $56,000 after purchasing an additional 3,308 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in TaskUs by 55.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,581 shares of the company’s stock worth $74,000 after buying an additional 1,988 shares during the last quarter. Olympiad Research LP acquired a new stake in shares of TaskUs during the 4th quarter valued at $185,000. Finally, LSV Asset Management bought a new stake in shares of TaskUs during the 2nd quarter worth $990,000. Institutional investors own 44.64% of the company’s stock.

TaskUs Price Performance

TASK stock opened at $12.82 on Wednesday. The company has a 50 day moving average of $14.50 and a two-hundred day moving average of $13.41. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 3.37 and a beta of 2.29. TaskUs, Inc. has a 12-month low of $7.95 and a 12-month high of $17.97. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.54.

TaskUs (NASDAQ:TASK) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20. The business had revenue of $237.93 million for the quarter, compared to the consensus estimate of $231.15 million. TaskUs had a net margin of 5.44% and a return on equity of 16.93%. On average, equities analysts anticipate that TaskUs, Inc. will post 0.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TASK has been the subject of several analyst reports. Royal Bank of Canada upped their target price on TaskUs from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Bank of America upgraded shares of TaskUs from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $12.00 to $18.00 in a report on Monday, July 22nd. JPMorgan Chase & Co. decreased their price objective on shares of TaskUs from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. The Goldman Sachs Group assumed coverage on shares of TaskUs in a research note on Monday, June 24th. They set a “sell” rating and a $12.00 target price on the stock. Finally, Citigroup increased their target price on TaskUs from $18.00 to $19.00 and gave the company a “buy” rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, TaskUs has a consensus rating of “Hold” and a consensus target price of $15.38.

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.