State of Tennessee Department of Treasury Acquires Shares of 12,951 TaskUs, Inc. (NASDAQ:TASK)

State of Tennessee Department of Treasury bought a new position in shares of TaskUs, Inc. (NASDAQ:TASK) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,951 shares of the company’s stock, valued at approximately $219,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. purchased a new position in TaskUs during the 3rd quarter worth approximately $1,006,000. Janney Montgomery Scott LLC purchased a new position in shares of TaskUs during the fourth quarter worth approximately $613,000. Raymond James Financial Inc. acquired a new position in shares of TaskUs in the 4th quarter valued at $408,000. Vontobel Holding Ltd. acquired a new stake in TaskUs during the 4th quarter worth $338,000. Finally, Nkcfo LLC purchased a new position in TaskUs during the 4th quarter worth $339,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upped their target price on shares of TaskUs from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, TaskUs has an average rating of “Hold” and a consensus target price of $17.86.

Insider Activity at TaskUs

In other TaskUs news, insider Jarrod Johnson sold 21,437 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $13.60, for a total transaction of $291,543.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 30.63% of the company’s stock.

TaskUs Stock Performance

Shares of TASK opened at $13.78 on Tuesday. The stock has a market capitalization of $1.24 billion, a P/E ratio of 23.36, a P/E/G ratio of 3.92 and a beta of 2.16. 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 1 year low of $10.57 and a 1 year high of $19.60. The company’s fifty day moving average is $13.29 and its two-hundred day moving average is $14.69.

TaskUs (NASDAQ:TASK) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). TaskUs had a net margin of 5.58% and a return on equity of 17.73%. The firm had revenue of $274.24 million during the quarter, compared to analyst estimates of $268.65 million. On average, sell-side analysts predict that TaskUs, Inc. will post 0.9 earnings per share for the current year.

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.