Calamos Advisors LLC Buys Shares of 489,976 TaskUs, Inc. $TASK
Calamos Advisors LLC acquired 489,976 shares of TaskUs, Inc. (NASDAQ:TASK) in Q2, valued at $8.21 million, representing 0.55% ownership. Other institutional investors also adjusted their stakes. Analysts have mixed ratings on TaskUs, with a consensus 'Hold' rating and a price target of $17.38. TaskUs reported Q3 earnings of $0.42 per share, beating estimates, with revenue of $298.71 million. The stock opened at $11.78 on Friday, with a market cap of $1.06 billion.
Calamos Advisors LLC bought a new stake in shares of TaskUs, Inc. (NASDAQ:TASK - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 489,976 shares of the company's stock, valued at approximately $8,212,000. Calamos Advisors LLC owned about 0.55% of TaskUs as of its most recent SEC filing.
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Several other institutional investors have also added to or reduced their stakes in TASK. Think Investments LP grew its stake in TaskUs by 12.9% during the 1st quarter. Think Investments LP now owns 3,253,358 shares of the company's stock valued at $44,343,000 after purchasing an additional 371,845 shares during the last quarter. Alpine Associates Management Inc. purchased a new position in TaskUs in the second quarter valued at $4,370,000. Tocqueville Asset Management L.P. acquired a new position in TaskUs in the 1st quarter worth about $2,576,000. Cubist Systematic Strategies LLC lifted its position 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 valued at $2,158,000 after buying an additional 142,688 shares in the last quarter. Finally, Trexquant Investment LP increased its stake in shares of TaskUs by 697.4% during the first quarter. Trexquant Investment LP now owns 141,562 shares of the company's stock worth $1,929,000 after purchasing an additional 123,809 shares in the last quarter. Institutional investors and hedge funds own 44.64% of the company's stock.
Analysts Set New Price Targets
A number of research firms have commented on TASK. Zacks Research downgraded shares of TaskUs from a "strong-buy" rating to a "hold" rating in a report on Friday, November 7th. The Goldman Sachs Group upgraded shares of TaskUs to a "strong sell" rating in a report on Monday. Royal Bank Of Canada upped their target price on shares of TaskUs from $16.50 to $17.00 and gave the company a "sector perform" rating in a research report on Monday. Robert W. Baird lifted their price target on shares of TaskUs from $16.50 to $18.00 and gave the company an "outperform" rating in a research report on Thursday, October 9th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of TaskUs in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $17.38.
Read Our Latest Report on TaskUs
TaskUs Stock Down 0.4%
Shares of NASDAQ:TASK opened at $11.78 on Friday. The firm has a market capitalization of $1.06 billion, a PE ratio of 13.24 and a beta of 2.11. TaskUs, Inc. has a 1 year low of $11.26 and a 1 year high of $18.60. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.89 and a quick ratio of 2.84. The firm's 50-day moving average is $15.26 and its two-hundred day moving average is $16.19.
TaskUs (NASDAQ:TASK - Get Free Report) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.06. The firm had revenue of $298.71 million during the quarter, compared to analysts' expectations of $286.71 million. TaskUs had a net margin of 7.11% and a return on equity of 21.27%. TaskUs has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts predict that TaskUs, Inc. will post 0.9 EPS for the current year.
About TaskUs
(Free Report)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.
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