TaskUs, Inc. (NASDAQ:TASK) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. increased its holdings in shares of TaskUs, Inc. (NASDAQ:TASK) by 11.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,976 shares of the company’s stock after buying an additional 2,863 shares during the period. American Century Companies Inc.’s holdings in TaskUs were worth $372,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in TASK. Lord Abbett & CO. LLC grew its stake in shares of TaskUs by 26.5% in the first quarter. Lord Abbett & CO. LLC now owns 744,222 shares of the company’s stock worth $8,670,000 after acquiring an additional 155,751 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in TaskUs by 145.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 120,920 shares of the company’s stock valued at $1,409,000 after purchasing an additional 71,621 shares during the period. Janney Montgomery Scott LLC grew its stake in TaskUs by 53.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 107,950 shares of the company’s stock worth $1,258,000 after purchasing an additional 37,505 shares in the last quarter. LSV Asset Management purchased a new stake in TaskUs during the 2nd quarter worth about $990,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in TaskUs by 55.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,581 shares of the company’s stock valued at $74,000 after purchasing an additional 1,988 shares in the last quarter. 44.64% of the stock is currently owned by institutional investors and hedge funds.

TaskUs Stock Down 1.3 %

TASK opened at $12.11 on Friday. The stock has a market capitalization of $1.07 billion, a P/E ratio of 23.75, a price-to-earnings-growth ratio of 3.27 and a beta of 2.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.23 and a current ratio of 3.23. TaskUs, Inc. has a one year low of $7.95 and a one year high of $17.97. The business’s 50-day simple moving average is $13.65 and its 200-day simple moving average is $13.39.

TaskUs (NASDAQ:TASK) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. The company had revenue of $237.93 million during the quarter, compared to analysts’ expectations of $231.15 million. TaskUs had a return on equity of 16.93% and a net margin of 5.44%. Analysts anticipate that TaskUs, Inc. will post 0.84 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TASK. JPMorgan Chase & Co. lowered their price objective on TaskUs from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, September 6th. Bank of America upgraded shares of TaskUs from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $12.00 to $18.00 in a report on Monday, July 22nd. The Goldman Sachs Group started coverage on shares of TaskUs in a research report on Monday, June 24th. They set a “sell” rating and a $12.00 price objective for the company. Robert W. Baird increased their target price on TaskUs from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, July 11th. Finally, Citigroup lifted their price target on TaskUs from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TaskUs presently has an average rating of “Hold” and an average price target of $15.38.

About TaskUs

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.