Trium Capital LLP Buys Shares of 404,207 TaskUs, Inc. $TASK

Trium Capital LLP purchased a new position in TaskUs, Inc. (NASDAQ:TASK) in the third quarter, HoldingsChannel reports. The institutional investor purchased 404,207 shares of the company’s stock, valued at approximately $7,215,000. TaskUs makes up approximately 2.8% of Trium Capital LLP’s holdings, making the stock its 11th biggest holding.

A number of other institutional investors have also recently made changes to their positions in the stock. Inspire Investing LLC bought a new stake in shares of TaskUs during the 1st quarter worth $345,000. AlphaQuest LLC raised its position in TaskUs by 1,153.0% during the first quarter. AlphaQuest LLC now owns 23,845 shares of the company’s stock valued at $325,000 after purchasing an additional 21,942 shares in the last quarter. Think Investments LP lifted 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 worth $44,343,000 after purchasing an additional 371,845 shares during the last quarter. Groupe la Francaise purchased a new position in shares of TaskUs in the 2nd quarter worth about $1,942,000. Finally, Alpine Associates Management Inc. purchased a new position in shares of TaskUs in the 2nd quarter worth about $4,370,000. Institutional investors own 44.64% of the company’s stock.

TaskUs Stock Performance

NASDAQ:TASK opened at $11.46 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.89 and a current ratio of 2.89. TaskUs, Inc. has a fifty-two week low of $10.68 and a fifty-two week high of $18.59. The firm has a market cap of $1.04 billion, a PE ratio of 12.87 and a beta of 2.12. The business has a 50 day moving average price of $12.20 and a 200-day moving average price of $15.30.

TaskUs (NASDAQ:TASK) last issued its earnings results on Friday, November 7th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.36 by $0.06. The company had revenue of $298.71 million for the quarter, compared to the consensus estimate of $286.71 million. TaskUs had a net margin of 7.11% and a return on equity of 21.27%. Equities research analysts predict that TaskUs, Inc. will post 0.9 earnings per share for the current year.

Analysts Set New Price Targets

TASK has been the subject of a number of recent research reports. Morgan Stanley downgraded TaskUs from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $21.00 to $16.50 in a research report on Tuesday, September 9th. Robert W. Baird lifted their price target on shares of TaskUs from $16.50 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TaskUs in a research note on Wednesday, October 8th. Baird R W raised shares of TaskUs from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Finally, The Goldman Sachs Group raised shares of TaskUs to a “strong sell” rating in a research note on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $17.17.

About TaskUs

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.