DekaBank Deutsche Girozentrale Takes Position in TaskUs, Inc. (NASDAQ:TASK)

DekaBank Deutsche Girozentrale acquired a new stake in TaskUs, Inc. (NASDAQ:TASK) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,822 shares of the company’s stock, valued at approximately $64,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of TaskUs in the fourth quarter valued at $2,362,000. Janney Montgomery Scott LLC purchased a new stake in shares of TaskUs in the third quarter valued at $847,000. Bank of New York Mellon Corp grew its position in shares of TaskUs by 3.3% in the third quarter. Bank of New York Mellon Corp now owns 57,793 shares of the company’s stock valued at $600,000 after purchasing an additional 1,848 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of TaskUs by 4.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,664,253 shares of the company’s stock valued at $17,275,000 after purchasing an additional 74,512 shares during the period. Finally, Paradigm Capital Management Inc. NY purchased a new stake in shares of TaskUs in the third quarter valued at $208,000. Hedge funds and other institutional investors own 44.64% of the company’s stock.

TaskUs Price Performance

Shares of NASDAQ TASK opened at $10.92 on Thursday. TaskUs, Inc. has a 1-year low of $7.95 and a 1-year high of $14.67. The business has a 50-day moving average of $12.03 and a 200-day moving average of $11.75. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.23 and a quick ratio of 3.23. The company has a market capitalization of $968.28 million, a price-to-earnings ratio of 23.23, a PEG ratio of 2.99 and a beta of 2.35.

TaskUs (NASDAQ:TASK) last issued its earnings results on Wednesday, February 28th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.05. TaskUs had a return on equity of 16.91% and a net margin of 4.94%. The company had revenue of $234.26 million during the quarter, compared to the consensus estimate of $225.96 million. On average, equities analysts anticipate that TaskUs, Inc. will post 0.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TASK shares. Guggenheim started coverage on TaskUs in a research report on Tuesday, March 19th. They set a “neutral” rating and a $13.00 price target for the company. Bank of America boosted their price target on TaskUs from $11.00 to $12.00 and gave the company an “underperform” rating in a research report on Thursday, February 29th. Citigroup boosted their price target on TaskUs from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Finally, Royal Bank of Canada boosted their price target on TaskUs from $16.00 to $17.00 and gave the company a “sector perform” rating in a research report on Thursday, February 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $14.63.

TaskUs Company 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.