Mercer Global Advisors Inc. ADV Acquires New Holdings in TaskUs, Inc. (NASDAQ:TASK)

Mercer Global Advisors Inc. ADV acquired a new stake in TaskUs, Inc. (NASDAQ:TASK – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 32,530 shares of the company’s stock, valued at approximately $550,000.

Other large investors also recently made changes to their positions in the company. Advisors Asset Management Inc. bought a new stake in TaskUs in the 1st quarter valued at $42,000. Lazard Asset Management LLC bought a new position in shares of TaskUs in the third quarter worth $60,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of TaskUs in the second quarter worth $61,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in TaskUs by 18.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,247 shares of the company’s stock valued at $72,000 after buying an additional 654 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in TaskUs in the first quarter valued at about $108,000. Institutional investors and hedge funds own 27.86% of the company’s stock.

TaskUs Stock Down 1.6 %

Shares of NASDAQ TASK opened at $11.31 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.22 and a quick ratio of 3.22. TaskUs, Inc. has a one year low of $10.77 and a one year high of $26.73. The stock has a market capitalization of $1.10 billion, a PE ratio of 30.57, a P/E/G ratio of 3.74 and a beta of 2.50. The business’s fifty day moving average price is $13.29 and its 200-day moving average price is $16.65.

TaskUs (NASDAQ:TASK – Get Rating) last released its quarterly earnings data on Monday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. The company had revenue of $235.31 million for the quarter, compared to analyst estimates of $231.98 million. TaskUs had a return on equity of 11.56% and a net margin of 4.01%. On average, equities research analysts anticipate that TaskUs, Inc. will post 0.82 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TASK. Morgan Stanley cut their price target on TaskUs from $19.00 to $13.00 in a research note on Tuesday, May 9th. Wells Fargo & Company lowered their target price on TaskUs from $17.00 to $16.00 and set an “underweight” rating for the company in a report on Tuesday, February 28th. BTIG Research lowered their target price on TaskUs from $30.00 to $23.00 in a report on Tuesday, May 9th. Robert W. Baird decreased their price objective on TaskUs from $18.00 to $16.00 in a report on Tuesday, May 9th. Finally, Citigroup cut their target price on TaskUs from $23.00 to $16.00 in a research report on Tuesday, May 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, TaskUs currently has a consensus rating of “Hold” and an average target price of $17.33.

TaskUs Profile

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TaskUs, Inc provides digital outsourcing services for companies worldwide. It offers digital customer experience that consists of omni-channel customer care services primarily delivered through digital channels; and other solutions, including customer care services for new product or market launches, trust and safety solutions, and customer acquisition solutions.