Cantor Fitzgerald L. P. Has $2.12 Million Stock Position in TaskUs, Inc. $TASK

Cantor Fitzgerald L. P. reduced its stake in TaskUs, Inc. (NASDAQ:TASK) by 55.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 118,857 shares of the company’s stock after selling 145,237 shares during the period. Cantor Fitzgerald L. P.’s holdings in TaskUs were worth $2,122,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Goldman Sachs Group Inc. lifted its position in shares of TaskUs by 11.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 183,889 shares of the company’s stock worth $2,506,000 after buying an additional 19,495 shares during the period. Geode Capital Management LLC grew its position in TaskUs by 0.3% in the second quarter. Geode Capital Management LLC now owns 205,442 shares of the company’s stock valued at $3,444,000 after acquiring an additional 647 shares during the period. Swiss National Bank raised its stake in TaskUs by 6.1% during the second quarter. Swiss National Bank now owns 34,700 shares of the company’s stock worth $582,000 after acquiring an additional 2,000 shares in the last quarter. JPMorgan Chase & Co. raised its stake in TaskUs by 182.6% during the second quarter. JPMorgan Chase & Co. now owns 209,998 shares of the company’s stock worth $3,520,000 after acquiring an additional 135,691 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of TaskUs by 4.9% during the second quarter. American Century Companies Inc. now owns 43,404 shares of the company’s stock valued at $727,000 after acquiring an additional 2,045 shares during the period. 44.64% of the stock is owned by institutional investors and hedge funds.

TaskUs Stock Performance

Shares of NASDAQ:TASK opened at $10.80 on Thursday. The business has a fifty day moving average of $10.82 and a 200-day moving average of $12.79. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.12 and a current ratio of 3.12. TaskUs, Inc. has a twelve month low of $9.55 and a twelve month high of $18.39. The firm has a market cap of $978.05 million, a PE ratio of 9.73 and a beta of 2.11.

TaskUs (NASDAQ:TASK) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.04. TaskUs had a net margin of 8.64% and a return on equity of 22.52%. The business had revenue of $312.96 million for the quarter, compared to the consensus estimate of $303.68 million. On average, equities research analysts predict that TaskUs, Inc. will post 0.9 EPS for the current fiscal year.

TaskUs Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th will be given a dividend of $3.65 per share.

Wall Street Analysts Forecast Growth

TASK has been the topic of several recent analyst reports. Royal Bank Of Canada reduced their target price on shares of TaskUs from $17.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 26th. Piper Sandler downgraded shares of TaskUs to a “neutral” rating in a report on Friday, February 27th. Wall Street Zen lowered shares of TaskUs from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. Wedbush assumed coverage on shares of TaskUs in a research note on Tuesday, February 3rd. They set an “outperform” rating and a $15.00 price objective on the stock. Finally, Morgan Stanley dropped their price objective on shares of TaskUs from $16.50 to $12.00 and set an “equal weight” rating for the company in a report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $14.50.

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.