Calamos Advisors LLC Takes $8.21 Million Position in TaskUs, Inc. $TASK

Calamos Advisors LLC bought a new position in shares of TaskUs, Inc. (NASDAQ:TASK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 489,976 shares of the company’s stock, valued at approximately $8,212,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Inspire Investing LLC acquired a new position in TaskUs during the 1st quarter worth approximately $345,000. AlphaQuest LLC raised its holdings in shares of TaskUs by 1,153.0% in the 1st quarter. AlphaQuest LLC now owns 23,845 shares of the company’s stock valued at $325,000 after purchasing an additional 21,942 shares in the last quarter. Tocqueville Asset Management L.P. purchased a new stake in shares of TaskUs during the 1st quarter worth $2,576,000. Algert Global LLC acquired a new position in shares of TaskUs during the first quarter worth $418,000. Finally, Think Investments LP increased 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 last quarter. Institutional investors and hedge funds own 44.64% of the company’s stock.

TaskUs Trading Down 0.4%

TASK opened at $11.78 on Friday. The company has a quick ratio of 2.84, a current ratio of 2.89 and a debt-to-equity ratio of 0.40. TaskUs, Inc. has a 52 week low of $11.26 and a 52 week high of $18.60. The business’s 50 day moving average is $15.26 and its two-hundred day moving average is $16.19. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 13.24 and a beta of 2.11.

TaskUs (NASDAQ:TASK) last announced its earnings results on Friday, November 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $298.71 million for the quarter, compared to analyst estimates of $286.71 million. TaskUs had a net margin of 7.11% and a return on equity of 21.27%. TaskUs has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts predict that TaskUs, Inc. will post 0.9 EPS for the current year.

Analyst Ratings Changes

TASK has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TaskUs in a report on Wednesday, October 8th. Baird R W raised TaskUs from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Robert W. Baird boosted their target price on TaskUs from $16.50 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Morgan Stanley lowered shares of TaskUs from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $21.00 to $16.50 in a research note on Tuesday, September 9th. Finally, Royal Bank Of Canada upped their target price on shares of TaskUs from $16.50 to $17.00 and gave the company a “sector perform” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, TaskUs presently has an average rating of “Hold” and a consensus target price of $17.38.

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.