SG Americas Securities LLC Has $8.89 Million Stock Holdings in TaskUs, Inc. (NASDAQ:TASK)

SG Americas Securities LLC grew its holdings in TaskUs, Inc. (NASDAQ:TASK) by 85.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 651,838 shares of the company’s stock after purchasing an additional 301,119 shares during the quarter. SG Americas Securities LLC’s holdings in TaskUs were worth $8,885,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TASK. Vontobel Holding Ltd. bought a new stake in TaskUs in the fourth quarter worth approximately $338,000. Blue Trust Inc. grew its position in TaskUs by 71.5% in the fourth quarter. Blue Trust Inc. now owns 1,677 shares of the company’s stock worth $28,000 after acquiring an additional 699 shares in the last quarter. Nkcfo LLC bought a new stake in TaskUs in the fourth quarter worth approximately $339,000. Raymond James Financial Inc. bought a new stake in TaskUs in the fourth quarter worth approximately $408,000. Finally, Royce & Associates LP lifted its stake in shares of TaskUs by 10.9% in the fourth quarter. Royce & Associates LP now owns 742,679 shares of the company’s stock worth $12,581,000 after buying an additional 73,100 shares during the last quarter. 44.64% of the stock is owned by institutional investors.

Insider Activity at TaskUs

In other news, insider Jarrod Johnson sold 21,437 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $13.60, for a total value of $291,543.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 30.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TASK. Royal Bank of Canada reduced their price objective on shares of TaskUs from $20.00 to $16.50 and set a “sector perform” rating for the company in a research note on Monday, May 12th. William Blair cut shares of TaskUs from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. Baird R W cut shares of TaskUs from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 12th. Finally, Robert W. Baird cut shares of TaskUs from an “outperform” rating to a “neutral” rating and set a $16.50 price objective for the company. in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $16.86.

TaskUs Price Performance

NASDAQ:TASK opened at $16.72 on Thursday. The stock has a market cap of $1.49 billion, a P/E ratio of 28.34, a PEG ratio of 3.92 and a beta of 2.19. TaskUs, Inc. has a one year low of $10.57 and a one year high of $19.60. The company has a fifty day moving average price of $14.89 and a 200 day moving average price of $15.17. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.02 and a quick ratio of 3.02.

TaskUs 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.