TaskUs, Inc. (NASDAQ:TASK) Shares Bought by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. lifted its holdings in TaskUs, Inc. (NASDAQ:TASK) by 108.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,838 shares of the company’s stock after acquiring an additional 24,834 shares during the period. Balyasny Asset Management L.P. owned approximately 0.05% of TaskUs worth $810,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Ameriprise Financial Inc. grew its holdings in TaskUs by 7.9% during the 4th quarter. Ameriprise Financial Inc. now owns 957,653 shares of the company’s stock valued at $16,223,000 after purchasing an additional 69,704 shares in the last quarter. Royce & Associates LP grew its holdings in TaskUs by 10.9% during the 4th quarter. Royce & Associates LP now owns 742,679 shares of the company’s stock valued at $12,581,000 after purchasing an additional 73,100 shares in the last quarter. Renaissance Technologies LLC grew its holdings in TaskUs by 7.0% during the 4th quarter. Renaissance Technologies LLC now owns 497,623 shares of the company’s stock valued at $8,430,000 after purchasing an additional 32,500 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in TaskUs by 5.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 471,011 shares of the company’s stock worth $7,979,000 after acquiring an additional 23,713 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in TaskUs by 217.0% during the 4th quarter. SG Americas Securities LLC now owns 350,719 shares of the company’s stock worth $5,941,000 after acquiring an additional 240,093 shares in the last quarter. Institutional investors and hedge funds own 44.64% of the company’s stock.

Insider Activity

In related news, insider Jarrod Johnson sold 21,437 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $13.60, for a total transaction of $291,543.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 30.63% of the company’s stock.

TaskUs Stock Performance

TASK stock opened at $16.70 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.02 and a current ratio of 3.02. The stock has a market cap of $1.50 billion, a P/E ratio of 28.31, a P/E/G ratio of 3.92 and a beta of 2.16. The firm has a 50 day simple moving average of $13.59 and a 200 day simple moving average of $14.83. TaskUs, Inc. has a 52 week low of $10.57 and a 52 week high of $19.60.

TaskUs (NASDAQ:TASK) last posted its earnings results on Wednesday, February 26th. The company reported $0.22 earnings per share (EPS) 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%. Research analysts anticipate that TaskUs, Inc. will post 0.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TASK shares. William Blair lowered shares of TaskUs from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. Robert W. Baird lowered shares of TaskUs from an “outperform” rating to a “neutral” rating and set a $16.50 price objective for the company. in a report on Monday. Royal Bank of Canada reduced their price target on shares of TaskUs from $20.00 to $16.50 and set a “sector perform” rating on the stock in a research report on Monday. Finally, Baird R W downgraded shares of TaskUs from a “strong-buy” rating to a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, TaskUs presently has an average rating of “Hold” and an average price target of $16.86.

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.