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

Quest Partners LLC decreased its position in shares of TaskUs, Inc. (NASDAQ:TASK – Free Report) by 83.1% in 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 SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TASK. nVerses Capital LLC acquired a new position in TaskUs in the second quarter worth approximately $28,000. Quarry LP raised 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 buying an additional 3,308 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased 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 in the last quarter. Olympiad Research LP purchased a new stake in shares of TaskUs during the fourth quarter valued at $185,000. Finally, LSV Asset Management bought a new stake in shares of TaskUs in the second quarter valued at $990,000. Institutional investors own 44.64% of the company’s shares.

TaskUs price performance

Shares of TASK 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 – Get Your Free Report ) 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.

Analysts on Wall Street are forecasting an increase

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 upped their target price 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. 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 boosted 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 MarketBeat.com, TaskUs has a consensus rating of “Hold” and a consensus price target of $15.38.

Check out our latest research report on TaskUs

TaskUs profile

(Free Report)

TaskUs, Inc provides digital outsourcing services to companies in the Philippines, United States, India and internationally. Provides digital customer experience, which consists of omnichannel customer support services delivered primarily through non-voice digital channels; and other solutions, including experience and customer care services for new or market product launches and customer acquisition solutions.

See Also

Want to see what other hedge funds own TASK? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for TaskUs, Inc. (NASDAQ:TASK – Free Report).

Get news and reviews for TaskUs daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for TaskUs and related companies with MarketBeat.com’s FREE daily email newsletter.