TaskUs, Inc. (NASDAQ:TASK) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its position in TaskUs, Inc. (NASDAQ:TASKFree Report) by 19.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,885 shares of the company’s stock after buying an additional 2,779 shares during the period. Hsbc Holdings PLC’s holdings in TaskUs were worth $225,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lord Abbett & CO. LLC boosted its holdings in shares of TaskUs by 26.5% in the 1st quarter. Lord Abbett & CO. LLC now owns 744,222 shares of the company’s stock valued at $8,670,000 after acquiring an additional 155,751 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in TaskUs by 12.8% in the second quarter. Renaissance Technologies LLC now owns 440,523 shares of the company’s stock valued at $5,863,000 after purchasing an additional 50,000 shares during the last quarter. Dimensional Fund Advisors LP grew its position in TaskUs by 15.2% during the 2nd 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 period. Jacobs Levy Equity Management Inc. raised its stake in shares of TaskUs by 145.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 120,920 shares of the company’s stock valued at $1,409,000 after buying an additional 71,621 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of TaskUs by 53.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 107,950 shares of the company’s stock valued at $1,258,000 after buying an additional 37,505 shares during the period. Institutional investors and hedge funds own 44.64% of the company’s stock.

TaskUs Trading Up 1.2 %

Shares of TaskUs stock opened at $12.25 on Friday. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.54. TaskUs, Inc. has a twelve month low of $7.95 and a twelve month high of $17.97. The firm has a market capitalization of $1.08 billion, a PE ratio of 24.00, a P/E/G ratio of 3.27 and a beta of 2.29. The firm’s 50-day moving average price is $13.65 and its 200 day moving average price is $13.39.

TaskUs (NASDAQ:TASKGet Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. The business had revenue of $237.93 million during the quarter, compared to analysts’ expectations of $231.15 million. TaskUs had a return on equity of 16.93% and a net margin of 5.44%. On average, sell-side analysts predict that TaskUs, Inc. will post 0.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on TaskUs from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, September 6th. Bank of America upgraded shares of TaskUs from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $12.00 to $18.00 in a research note on Monday, July 22nd. The Goldman Sachs Group initiated coverage on shares of TaskUs in a research report on Monday, June 24th. They set a “sell” rating and a $12.00 price target on the stock. Robert W. Baird upped their price objective on shares of TaskUs from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, July 11th. Finally, Citigroup raised their target price on TaskUs from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.38.

Get Our Latest Research Report 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.

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Institutional Ownership by Quarter for TaskUs (NASDAQ:TASK)

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