Dalton Investments Inc. Invests $11.17 Million in TaskUs, Inc. $TASK

Dalton Investments Inc. purchased a new position in shares of TaskUs, Inc. (NASDAQ:TASK) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 947,782 shares of the company’s stock, valued at approximately $11,174,000. TaskUs comprises 8.3% of Dalton Investments Inc.’s holdings, making the stock its 5th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in TASK. Goldman Sachs Group Inc. grew its stake in shares of TaskUs by 11.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 183,889 shares of the company’s stock worth $2,506,000 after acquiring an additional 19,495 shares during the period. Geode Capital Management LLC grew its stake in shares of TaskUs by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 205,442 shares of the company’s stock worth $3,444,000 after acquiring an additional 647 shares during the period. JPMorgan Chase & Co. grew its stake in shares of TaskUs by 182.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 209,998 shares of the company’s stock worth $3,520,000 after acquiring an additional 135,691 shares during the period. American Century Companies Inc. grew its stake in shares of TaskUs by 4.9% during the 2nd quarter. American Century Companies Inc. now owns 43,404 shares of the company’s stock worth $727,000 after acquiring an additional 2,045 shares during the period. Finally, New York State Common Retirement Fund bought a new position in shares of TaskUs during the 2nd quarter worth $67,000. Institutional investors own 44.64% of the company’s stock.

Insider Buying and Selling

In other TaskUs news, insider Jarrod Johnson sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $6.78, for a total value of $169,500.00. Following the completion of the transaction, the insider owned 36,536 shares in the company, valued at $247,714.08. This trade represents a 40.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 31.92% of the stock is currently owned by corporate insiders.

TaskUs Stock Up 0.7%

Shares of NASDAQ TASK opened at $5.57 on Friday. TaskUs, Inc. has a 52 week low of $5.37 and a 52 week high of $18.39. The business has a 50-day simple moving average of $6.34 and a two-hundred day simple moving average of $9.33. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 1.73. The company has a market cap of $510.10 million, a P/E ratio of 4.89 and a beta of 1.85.

TaskUs (NASDAQ:TASK) last issued its earnings results on Wednesday, May 6th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. TaskUs had a return on equity of 24.93% and a net margin of 8.70%.The business had revenue of $306.27 million during the quarter, compared to the consensus estimate of $296.68 million. Research analysts anticipate that TaskUs, Inc. will post 1.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TASK. Weiss Ratings downgraded TaskUs from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 16th. Wedbush cut their price target on TaskUs from $14.00 to $12.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Royal Bank Of Canada cut their price target on TaskUs from $17.00 to $13.00 and set a “sector perform” rating for the company in a research note on Thursday, February 26th. Morgan Stanley set a $6.00 target price on TaskUs in a research note on Friday, May 8th. Finally, Wall Street Zen downgraded TaskUs from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $11.20.

TaskUs Profile

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.