Athos Capital Ltd Grows Stock Position in TaskUs, Inc. $TASK

Athos Capital Ltd raised its stake in shares of TaskUs, Inc. (NASDAQ:TASK) by 67.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 240,760 shares of the company’s stock after buying an additional 96,581 shares during the period. TaskUs comprises about 1.1% of Athos Capital Ltd’s portfolio, making the stock its 17th largest holding. Athos Capital Ltd owned 0.27% of TaskUs worth $2,839,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TASK. Allworth Financial LP raised its stake in shares of TaskUs by 9,224.0% during the 4th quarter. Allworth Financial LP now owns 2,331 shares of the company’s stock valued at $27,000 after buying an additional 2,306 shares during the last quarter. FNY Investment Advisers LLC grew its position in shares of TaskUs by 40.0% during the 4th quarter. FNY Investment Advisers LLC now owns 3,500 shares of the company’s stock valued at $41,000 after acquiring an additional 1,000 shares during the period. Strategic Advocates LLC acquired a new stake in shares of TaskUs during the 3rd quarter valued at about $41,000. State of Wyoming acquired a new stake in shares of TaskUs during the 4th quarter valued at about $59,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of TaskUs during the 2nd quarter valued at about $67,000. Hedge funds and other institutional investors own 44.64% of the company’s stock.

TaskUs Trading Up 0.7%

TASK stock opened at $5.57 on Friday. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 1.73. TaskUs, Inc. has a 12-month low of $5.37 and a 12-month high of $18.39. The stock has a market cap of $510.10 million, a price-to-earnings ratio of 4.89 and a beta of 1.85. The business’s 50-day moving average is $6.34 and its 200 day moving average is $9.33.

TaskUs (NASDAQ:TASK) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. TaskUs had a return on equity of 24.93% and a net margin of 8.70%.The company had revenue of $306.27 million for the quarter, compared to analysts’ expectations of $296.68 million. On average, sell-side analysts anticipate that TaskUs, Inc. will post 1.08 EPS for the current fiscal year.

Insider Transactions at TaskUs

In related news, insider Jarrod Johnson sold 11,406 shares of TaskUs stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $6.89, for a total value of $78,587.34. Following the sale, the insider directly owned 25,130 shares in the company, valued at approximately $173,145.70. The trade was a 31.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 31.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TASK shares. Wall Street Zen cut TaskUs from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Weiss Ratings cut TaskUs from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 16th. Wedbush dropped their target price on TaskUs from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Royal Bank Of Canada dropped their target price on TaskUs from $17.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 26th. Finally, Piper Sandler cut TaskUs to a “neutral” rating in a research report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, TaskUs currently has an average rating of “Hold” and an average target price of $11.20.

About TaskUs

TaskUs, Inc is a leading provider of outsourced digital customer experience and business process solutions, specializing in high-touch services for technology and digital-native companies. The firm delivers a range of offerings including customer care, content moderation, trust and safety monitoring, back-office processing and AI operations support. By combining technology-driven platforms with human-centric workflows, TaskUs helps clients optimize operational efficiency and maintain brand integrity across digital channels.

The company was founded in 2008 by Jaspar Weir and Bryce Maddock with the goal of reimagining traditional outsourcing through a focus on culture, technology and innovation.