Credit Industriel ET Commercial Makes New $1.45 Million Investment in TaskUs, Inc. $TASK

Credit Industriel ET Commercial acquired a new stake in TaskUs, Inc. (NASDAQ:TASK) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 86,356 shares of the company’s stock, valued at approximately $1,447,000.

A number of other institutional investors also recently modified their holdings of the company. Think Investments LP increased its holdings 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 period. Royce & Associates LP lifted its holdings in TaskUs by 6.4% in the 1st quarter. Royce & Associates LP now owns 790,289 shares of the company’s stock worth $10,772,000 after buying an additional 47,610 shares during the period. Dalton Investments Inc. grew its position in shares of TaskUs by 10.3% in the 1st quarter. Dalton Investments Inc. now owns 750,146 shares of the company’s stock worth $10,224,000 after buying an additional 69,900 shares during the last quarter. Alpine Associates Management Inc. bought a new stake in shares of TaskUs in the 2nd quarter worth approximately $4,370,000. Finally, Tocqueville Asset Management L.P. purchased a new position in shares of TaskUs during the first quarter valued at approximately $2,576,000. 44.64% of the stock is currently owned by hedge funds and other institutional investors.

TaskUs Price Performance

TASK opened at $13.05 on Friday. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 18.91 and a beta of 2.11. The stock has a fifty day simple moving average of $15.72 and a two-hundred day simple moving average of $16.23. TaskUs, Inc. has a 12-month low of $11.26 and a 12-month high of $19.60.

TaskUs (NASDAQ:TASK) last released its earnings results 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 5.70% and a return on equity of 20.37%. The firm had revenue of $298.71 million for the quarter, compared to the consensus estimate of $286.71 million. TaskUs has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts predict that TaskUs, Inc. will post 0.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TASK has been the subject of a number of research analyst reports. Baird R W raised TaskUs from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Zacks Research raised shares of TaskUs from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 20th. Morgan Stanley cut shares of 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 target price on shares of TaskUs from $16.50 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of TaskUs in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, TaskUs presently has an average rating of “Moderate Buy” and a consensus target price of $17.25.

TaskUs Company 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.