Anchor Capital Advisors LLC Has $143,000 Holdings in TaskUs, Inc. (NASDAQ:TASK)

Anchor Capital Advisors LLC decreased its stake in TaskUs, Inc. (NASDAQ:TASK) by 82.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,950 shares of the company’s stock after selling 52,841 shares during the quarter. Anchor Capital Advisors LLC’s holdings in TaskUs were worth $143,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its stake in shares of TaskUs by 4.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,664,253 shares of the company’s stock valued at $17,275,000 after acquiring an additional 74,512 shares during the last quarter. SG Americas Securities LLC acquired a new position in TaskUs during the fourth quarter valued at approximately $2,362,000. Trexquant Investment LP increased its stake in TaskUs by 25.1% in the third quarter. Trexquant Investment LP now owns 132,416 shares of the company’s stock valued at $1,374,000 after purchasing an additional 26,581 shares in the last quarter. Barclays PLC raised its holdings in TaskUs by 1.4% in the third quarter. Barclays PLC now owns 122,377 shares of the company’s stock worth $1,270,000 after purchasing an additional 1,717 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in shares of TaskUs during the third quarter worth $847,000. Institutional investors own 44.64% of the company’s stock.

TaskUs Stock Performance

Shares of TaskUs stock opened at $11.46 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.23 and a quick ratio of 3.23. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 3.21 and a beta of 2.35. The stock’s 50-day moving average is $11.85 and its 200-day moving average is $11.91. TaskUs, Inc. has a one year low of $7.95 and a one year high of $14.67.

TaskUs (NASDAQ:TASK) last announced its earnings results on Wednesday, February 28th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. TaskUs had a return on equity of 16.91% and a net margin of 4.94%. The business had revenue of $234.26 million for the quarter, compared to analyst estimates of $225.96 million. Equities analysts predict that TaskUs, Inc. will post 0.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TASK shares. Citigroup dropped their price objective on TaskUs from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Guggenheim started coverage on TaskUs in a report on Tuesday, March 19th. They issued a “neutral” rating and a $13.00 price target for the company. Bank of America lifted their price objective on TaskUs from $11.00 to $12.00 and gave the company an “underperform” rating in a report on Thursday, February 29th. Finally, Royal Bank of Canada increased their target price on TaskUs from $16.00 to $17.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, TaskUs presently has an average rating of “Hold” and an average price target of $14.50.

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.