Dalton Investments Inc. Invests $11.17 Million in TaskUs, Inc. $TASK

Dalton Investments Inc. bought a new position in shares of TaskUs, Inc. (NASDAQ:TASK) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 947,782 shares of the company’s stock, valued at approximately $11,174,000. TaskUs accounts for about 8.3% of Dalton Investments Inc.’s investment portfolio, making the stock its 5th biggest position. Dalton Investments Inc. owned 1.05% of TaskUs at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TASK. Allworth Financial LP raised its position in TaskUs by 9,224.0% in 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 raised its position in TaskUs by 40.0% in the 4th quarter. FNY Investment Advisers LLC now owns 3,500 shares of the company’s stock valued at $41,000 after buying an additional 1,000 shares during the last quarter. Strategic Advocates LLC purchased a new stake in TaskUs in the 3rd quarter valued at $41,000. State of Wyoming purchased a new stake in TaskUs in the 4th quarter valued at $59,000. Finally, New York State Common Retirement Fund purchased a new stake in TaskUs in the 2nd quarter valued at $67,000. 44.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TASK. Wall Street Zen lowered TaskUs from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Morgan Stanley set a $6.00 price target on TaskUs in a research report on Friday, May 8th. Weiss Ratings lowered TaskUs from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 16th. Royal Bank Of Canada lowered their price target on TaskUs from $17.00 to $13.00 and set a “sector perform” rating for the company in a research report on Thursday, February 26th. Finally, The Goldman Sachs Group lowered their price target on TaskUs from $10.00 to $7.00 and set a “sell” rating for the company in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.20.

TaskUs Stock Up 0.7%

Shares of NASDAQ:TASK opened at $5.57 on Friday. The company has a market capitalization of $510.10 million, a PE ratio of 4.89 and a beta of 1.85. The company has a debt-to-equity ratio of 1.73, a current ratio of 2.75 and a quick ratio of 2.75. The business has a fifty day moving average price of $6.34 and a two-hundred day moving average price of $9.33. TaskUs, Inc. has a 1 year low of $5.37 and a 1 year high of $18.39.

TaskUs (NASDAQ:TASK) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $306.27 million during the quarter, compared to the consensus estimate of $296.68 million. TaskUs had a return on equity of 24.93% and a net margin of 8.70%. Analysts forecast that TaskUs, Inc. will post 1.08 earnings per share for the current year.

Insider Transactions at TaskUs

In other TaskUs news, insider Jarrod Johnson sold 25,000 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $6.78, for a total value of $169,500.00. Following the completion of the transaction, the insider owned 36,536 shares in the company, valued at $247,714.08. This represents a 40.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 31.92% of the stock is owned by company insiders.

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.