Credit Industriel ET Commercial Purchases Shares of 86,356 TaskUs, Inc. $TASK

Credit Industriel ET Commercial acquired a new position in shares of TaskUs, Inc. (NASDAQ:TASK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 86,356 shares of the company’s stock, valued at approximately $1,447,000. Credit Industriel ET Commercial owned approximately 0.10% of TaskUs at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Quarry LP bought a new stake in TaskUs during the first quarter valued at approximately $83,000. Voya Investment Management LLC bought a new position in shares of TaskUs in the 1st quarter worth $178,000. Invesco Ltd. purchased a new stake in shares of TaskUs during the 1st quarter valued at $182,000. EntryPoint Capital LLC bought a new stake in shares of TaskUs during the 1st quarter worth $221,000. Finally, PharVision Advisers LLC bought a new stake in shares of TaskUs during the 1st quarter worth $235,000. 44.64% of the stock is currently owned by institutional investors.

TaskUs Stock Up 4.5%

Shares of NASDAQ:TASK opened at $13.05 on Friday. The stock has a market capitalization of $1.17 billion, a P/E ratio of 18.91 and a beta of 2.11. The stock’s 50-day moving average price is $15.72 and its 200-day moving average price is $16.23. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.42. TaskUs, Inc. has a 12-month low of $11.26 and a 12-month high of $19.60.

TaskUs (NASDAQ:TASK) last issued its earnings results on Friday, November 7th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. TaskUs had a return on equity of 20.37% and a net margin of 5.70%.The company had revenue of $298.71 million during the quarter, compared to analysts’ expectations of $286.71 million. TaskUs has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts anticipate that TaskUs, Inc. will post 0.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TASK. Zacks Research raised TaskUs from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of TaskUs in a report on Wednesday, October 8th. Morgan Stanley lowered TaskUs from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $21.00 to $16.50 in a research report on Tuesday, September 9th. Robert W. Baird raised their price objective on TaskUs from $16.50 to $18.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Finally, Baird R W upgraded TaskUs from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, TaskUs presently has an average rating of “Moderate Buy” and a consensus price target of $17.25.

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.