Dalton Investments Inc. Purchases 15,300 Shares of TaskUs, Inc. (NASDAQ:TASK)

Dalton Investments Inc. increased its position in TaskUs, Inc. (NASDAQ:TASK) by 2.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 636,458 shares of the company’s stock after acquiring an additional 15,300 shares during the period. TaskUs makes up about 4.8% of Dalton Investments Inc.’s investment portfolio, making the stock its 6th largest position. Dalton Investments Inc.’s holdings in TaskUs were worth $8,471,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Hsbc Holdings PLC raised its position in TaskUs by 19.7% in the second quarter. Hsbc Holdings PLC now owns 16,885 shares of the company’s stock worth $225,000 after acquiring an additional 2,779 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of TaskUs by 12.8% during the 2nd quarter. Renaissance Technologies LLC now owns 440,523 shares of the company’s stock valued at $5,863,000 after purchasing an additional 50,000 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of TaskUs by 15.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 392,504 shares of the company’s stock worth $5,224,000 after purchasing an additional 51,935 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of TaskUs by 11.4% in the 2nd quarter. American Century Companies Inc. now owns 27,976 shares of the company’s stock worth $372,000 after purchasing an additional 2,863 shares in the last quarter. Finally, LSV Asset Management acquired a new stake in TaskUs during the second quarter valued at approximately $990,000. Institutional investors own 44.64% of the company’s stock.

TaskUs Trading Up 1.1 %

NASDAQ:TASK opened at $12.63 on Friday. The stock has a market cap of $1.11 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 3.49 and a beta of 2.29. TaskUs, Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $17.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.23 and a quick ratio of 3.23. The stock’s 50-day moving average is $14.36 and its two-hundred day moving average is $13.40.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Royal Bank of Canada lifted their price target on shares of TaskUs from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. Robert W. Baird lifted their target price on TaskUs from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, July 11th. JPMorgan Chase & Co. reduced their target price on TaskUs from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, September 6th. Citigroup increased their price target on TaskUs from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, Bank of America upgraded TaskUs from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $12.00 to $18.00 in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.38.

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.