Groupe la Francaise Purchases Shares of 115,867 TaskUs, Inc. $TASK

Groupe la Francaise acquired a new stake in shares of TaskUs, Inc. (NASDAQ:TASK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 115,867 shares of the company’s stock, valued at approximately $1,942,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Inspire Investing LLC purchased a new position in shares of TaskUs in the 1st quarter worth about $345,000. AlphaQuest LLC grew its holdings in shares of TaskUs by 1,153.0% during the 1st quarter. AlphaQuest LLC now owns 23,845 shares of the company’s stock worth $325,000 after purchasing an additional 21,942 shares during the period. Tocqueville Asset Management L.P. acquired a new stake in TaskUs during the 1st quarter worth approximately $2,576,000. Algert Global LLC purchased a new position in TaskUs in the first quarter valued at approximately $418,000. Finally, Think Investments LP raised its holdings in TaskUs by 12.9% in the first quarter. Think Investments LP now owns 3,253,358 shares of the company’s stock valued at $44,343,000 after buying an additional 371,845 shares during the period. 44.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TASK has been the subject of several research reports. Baird R W upgraded shares of TaskUs from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Weiss Ratings restated a “hold (c)” rating on shares of TaskUs in a report on Wednesday, October 8th. The Goldman Sachs Group upgraded TaskUs to a “strong sell” rating in a report on Monday, November 10th. Robert W. Baird raised their price objective on TaskUs from $16.50 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Finally, Royal Bank Of Canada upped their target price on TaskUs from $16.50 to $17.00 and gave the stock a “sector perform” rating in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $17.38.

TaskUs Stock Performance

Shares of TASK stock opened at $12.06 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.89 and a quick ratio of 2.89. The company’s fifty day moving average price is $13.51 and its two-hundred day moving average price is $15.84. The firm has a market capitalization of $1.09 billion, a P/E ratio of 13.55 and a beta of 2.12. TaskUs, Inc. has a 12 month low of $10.68 and a 12 month high of $18.60.

TaskUs (NASDAQ:TASK) last announced its earnings results on Friday, November 7th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. TaskUs had a return on equity of 21.27% and a net margin of 7.11%.The company had revenue of $298.71 million during the quarter, compared to the consensus estimate of $286.71 million. On average, research analysts anticipate that TaskUs, Inc. will post 0.9 earnings per share for the current fiscal year.

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.