TaskUs, Inc. (NASDAQ:TASK) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC grew its position in shares of TaskUs, Inc. (NASDAQ:TASK) by 7.0% during the fourth quarter, Holdings Channel reports. The firm owned 497,623 shares of the company’s stock after acquiring an additional 32,500 shares during the quarter. Renaissance Technologies LLC’s holdings in TaskUs were worth $8,430,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TASK. JPMorgan Chase & Co. acquired a new position in TaskUs during the 3rd quarter worth about $1,006,000. Janney Montgomery Scott LLC acquired a new stake in shares of TaskUs during the fourth quarter worth about $613,000. Raymond James Financial Inc. purchased a new position in shares of TaskUs in the fourth quarter valued at approximately $408,000. Vontobel Holding Ltd. acquired a new position in shares of TaskUs in the fourth quarter valued at approximately $338,000. Finally, Nkcfo LLC purchased a new stake in TaskUs during the 4th quarter worth approximately $339,000. 44.64% of the stock is currently owned by hedge funds and other institutional investors.

TaskUs Price Performance

Shares of TASK opened at $12.96 on Friday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.50. The firm’s fifty day simple moving average is $13.70 and its 200-day simple moving average is $14.54. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 3.92 and a beta of 2.17. TaskUs, Inc. has a twelve month low of $10.57 and a twelve month high of $19.60.

TaskUs (NASDAQ:TASK) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). The business had revenue of $274.24 million during the quarter, compared to analyst estimates of $268.65 million. TaskUs had a net margin of 5.58% and a return on equity of 17.73%. Equities analysts forecast that TaskUs, Inc. will post 0.9 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Royal Bank of Canada raised their price target on shares of TaskUs from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, TaskUs presently has an average rating of “Hold” and an average price target of $17.86.

Insider Buying and Selling

In other TaskUs news, insider Jarrod Johnson sold 21,437 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $13.60, for a total transaction of $291,543.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 29.26% of the stock is owned by company insiders.

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.