Athos Capital Ltd Grows Stock Holdings in TaskUs, Inc. $TASK

Athos Capital Ltd grew its holdings in TaskUs, Inc. (NASDAQ:TASK) by 67.0% during the fourth quarter, HoldingsChannel reports. The firm owned 240,760 shares of the company’s stock after acquiring an additional 96,581 shares during the period. TaskUs comprises about 1.1% of Athos Capital Ltd’s investment portfolio, making the stock its 17th biggest holding. Athos Capital Ltd’s holdings in TaskUs were worth $2,839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of TASK. Hudson Bay Capital Management LP purchased a new position in TaskUs in the 3rd quarter worth approximately $17,796,000. Qube Research & Technologies Ltd purchased a new position in TaskUs in the 2nd quarter worth approximately $16,325,000. Dalton Investments Inc. purchased a new position in TaskUs in the 4th quarter worth approximately $11,174,000. Calamos Advisors LLC purchased a new position in TaskUs in the 4th quarter worth approximately $8,549,000. Finally, Vanguard Group Inc. lifted its stake in TaskUs by 39.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,536,748 shares of the company’s stock worth $27,431,000 after purchasing an additional 435,892 shares in the last quarter. 44.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on TASK shares. Royal Bank Of Canada reduced their price target on shares of TaskUs from $17.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 26th. Weiss Ratings lowered shares of TaskUs from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 16th. The Goldman Sachs Group reduced their price target on shares of TaskUs from $10.00 to $7.00 and set a “sell” rating on the stock in a research report on Thursday, May 7th. Wedbush reduced their price target on shares of TaskUs from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Finally, Morgan Stanley set a $6.00 price target on shares of TaskUs in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, TaskUs presently has an average rating of “Hold” and an average price target of $11.20.

TaskUs Stock Up 0.7%

Shares of NASDAQ TASK opened at $5.57 on Friday. The firm has a market cap of $510.10 million, a price-to-earnings ratio of 4.89 and a beta of 1.85. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 1.73. TaskUs, Inc. has a 52-week low of $5.37 and a 52-week high of $18.39. The business’s 50 day moving average is $6.34 and its two-hundred day moving average is $9.33.

TaskUs (NASDAQ:TASK) last announced its earnings results on Wednesday, May 6th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $306.27 million for the quarter, compared to analyst estimates of $296.68 million. TaskUs had a return on equity of 24.93% and a net margin of 8.70%. Research analysts predict that TaskUs, Inc. will post 1.08 EPS for the current year.

Insider Transactions at TaskUs

In other TaskUs news, insider Jarrod Johnson sold 11,406 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $6.89, for a total value of $78,587.34. Following the sale, the insider owned 25,130 shares of the company’s stock, valued at $173,145.70. The trade was a 31.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 31.92% of the stock is currently owned by insiders.

TaskUs Company Profile

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.