TaskUs, Inc. (NASDAQ:TASK) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its position in TaskUs, Inc. (NASDAQ:TASKFree Report) by 13.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 70,445 shares of the company’s stock after selling 11,199 shares during the quarter. Janney Montgomery Scott LLC’s holdings in TaskUs were worth $921,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of TASK. DekaBank Deutsche Girozentrale acquired a new position in shares of TaskUs during the 4th quarter worth $64,000. Transatlantique Private Wealth LLC acquired a new position in shares of TaskUs during the 3rd quarter worth $107,000. Paradigm Capital Management Inc. NY acquired a new position in shares of TaskUs during the 3rd quarter worth $208,000. Aigen Investment Management LP acquired a new position in shares of TaskUs during the 3rd quarter worth $246,000. Finally, Bank of New York Mellon Corp grew its stake in shares of TaskUs by 3.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 57,793 shares of the company’s stock worth $600,000 after purchasing an additional 1,848 shares during the period. 44.64% of the stock is owned by institutional investors and hedge funds.

TaskUs Stock Performance

TaskUs stock opened at $14.14 on Friday. The company has a market cap of $1.25 billion, a PE ratio of 27.73, a P/E/G ratio of 5.39 and a beta of 2.29. The company has a fifty day moving average price of $12.45 and a two-hundred day moving average price of $12.51. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.36 and a quick ratio of 3.36. TaskUs, Inc. has a 12 month low of $7.95 and a 12 month high of $15.40.

TaskUs (NASDAQ:TASKGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. TaskUs had a net margin of 5.23% and a return on equity of 16.61%. The company had revenue of $227.47 million during the quarter, compared to the consensus estimate of $223.50 million. Research analysts expect that TaskUs, Inc. will post 0.83 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Guggenheim assumed coverage on shares of TaskUs in a research report on Tuesday, March 19th. They issued a “neutral” rating and a $13.00 price objective on the stock. Bank of America boosted their price objective on shares of TaskUs from $11.00 to $12.00 and gave the stock an “underperform” rating in a research report on Thursday, February 29th. Royal Bank of Canada upped their target price on shares of TaskUs from $16.00 to $17.00 and gave the company a “sector perform” rating in a report on Thursday, February 29th. Finally, Citigroup reduced their target price on shares of TaskUs from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, TaskUs presently has an average rating of “Hold” and a consensus price target of $13.29.

Check Out Our Latest Stock Analysis on TaskUs

TaskUs Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for TaskUs (NASDAQ:TASK)

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