Hudson Bay Capital Management LP Invests $17.80 Million in TaskUs, Inc. $TASK

Hudson Bay Capital Management LP acquired a new position in TaskUs, Inc. (NASDAQ:TASK) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 996,979 shares of the company’s stock, valued at approximately $17,796,000.

Other hedge funds have also recently bought and sold shares of the company. Qube Research & Technologies Ltd acquired a new position in TaskUs during the 2nd quarter valued at about $16,325,000. Think Investments LP increased its stake in shares of TaskUs by 14.8% in the second quarter. Think Investments LP now owns 3,734,665 shares of the company’s stock valued at $62,593,000 after purchasing an additional 481,307 shares during the period. Vanguard Group Inc. increased its stake in shares of TaskUs by 39.6% in the third quarter. Vanguard Group Inc. now owns 1,536,748 shares of the company’s stock valued at $27,431,000 after purchasing an additional 435,892 shares during the period. Trium Capital LLP bought a new stake in shares of TaskUs during the third quarter valued at approximately $7,215,000. Finally, LMR Partners LLP bought a new stake in shares of TaskUs during the second quarter valued at approximately $5,028,000. 44.64% of the stock is currently owned by institutional investors.

TaskUs Trading Up 1.9%

Shares of NASDAQ:TASK opened at $11.00 on Friday. The company has a 50 day moving average of $10.80 and a 200-day moving average of $12.78. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.37. The firm has a market cap of $996.16 million, a P/E ratio of 9.91 and a beta of 2.11. TaskUs, Inc. has a twelve month low of $9.55 and a twelve month high of $18.39.

TaskUs (NASDAQ:TASK) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. TaskUs had a net margin of 8.64% and a return on equity of 22.52%. The business had revenue of $312.96 million for the quarter, compared to analyst estimates of $303.68 million. As a group, analysts anticipate that TaskUs, Inc. will post 0.9 earnings per share for the current fiscal year.

TaskUs Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th will be paid a dividend of $3.65 per share.

Analyst Ratings Changes

A number of brokerages recently issued reports on TASK. Wedbush began coverage on TaskUs in a report on Tuesday, February 3rd. They issued an “outperform” rating and a $15.00 price objective for the company. Morgan Stanley cut their target price on TaskUs from $16.50 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, February 27th. Royal Bank Of Canada reduced their price target on TaskUs from $17.00 to $13.00 and set a “sector perform” rating for the company in a research report on Thursday, February 26th. Piper Sandler cut TaskUs to a “neutral” rating in a research note on Friday, February 27th. Finally, Wall Street Zen lowered TaskUs from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $14.50.

About TaskUs

TaskUs, Inc is a leading provider of outsourced digital customer experience and business process solutions, specializing in high-touch services for technology and digital-native companies. The firm delivers a range of offerings including customer care, content moderation, trust and safety monitoring, back-office processing and AI operations support. By combining technology-driven platforms with human-centric workflows, TaskUs helps clients optimize operational efficiency and maintain brand integrity across digital channels.

The company was founded in 2008 by Jaspar Weir and Bryce Maddock with the goal of reimagining traditional outsourcing through a focus on culture, technology and innovation.