SG Americas Securities LLC Sells 619,246 Shares of TaskUs, Inc. $TASK

SG Americas Securities LLC lessened its stake in TaskUs, Inc. (NASDAQ:TASK) by 95.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,592 shares of the company’s stock after selling 619,246 shares during the quarter. SG Americas Securities LLC’s holdings in TaskUs were worth $546,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Calamos Advisors LLC purchased a new position in shares of TaskUs during the second quarter valued at about $8,212,000. Think Investments LP boosted its stake in TaskUs by 12.9% during the first quarter. Think Investments LP now owns 3,253,358 shares of the company’s stock valued at $44,343,000 after buying an additional 371,845 shares during the last quarter. Alpine Associates Management Inc. purchased a new position in TaskUs during the 2nd quarter valued at approximately $4,370,000. Tocqueville Asset Management L.P. bought a new stake in TaskUs in the 1st quarter worth approximately $2,576,000. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of TaskUs by 913.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 158,306 shares of the company’s stock worth $2,158,000 after acquiring an additional 142,688 shares in the last quarter. 44.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TASK. Baird R W raised shares of TaskUs from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Royal Bank Of Canada increased their price objective on shares of TaskUs from $16.50 to $17.00 and gave the company a “sector perform” rating in a research report on Monday, November 10th. Weiss Ratings restated a “hold (c)” rating on shares of TaskUs in a report on Wednesday, October 8th. The Goldman Sachs Group raised shares of TaskUs to a “strong sell” rating in a report on Monday, November 10th. Finally, Zacks Research cut TaskUs from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, TaskUs currently has an average rating of “Hold” and a consensus target price of $17.38.

TaskUs Price Performance

TaskUs stock opened at $11.37 on Thursday. TaskUs, Inc. has a 12-month low of $10.68 and a 12-month high of $18.60. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $14.11 and a 200-day moving average price of $16.01. The firm has a market capitalization of $1.03 billion, a PE ratio of 12.78 and a beta of 2.11.

TaskUs (NASDAQ:TASK) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. TaskUs had a net margin of 7.11% and a return on equity of 21.27%. The company had revenue of $298.71 million for the quarter, compared to analyst estimates of $286.71 million. TaskUs has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts forecast that TaskUs, Inc. will post 0.9 EPS for the current year.

TaskUs 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.