TaskUs, Inc. (NASDAQ:TASK) Shares Bought by Quarry LP

Quarry LP lifted its stake in shares of TaskUs, Inc. (NASDAQ:TASK) by 357.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 13,567 shares of the company’s stock after acquiring an additional 10,601 shares during the quarter. Quarry LP’s holdings in TaskUs were worth $175,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Royce & Associates LP raised its holdings in TaskUs by 8.9% during the 3rd quarter. Royce & Associates LP now owns 669,579 shares of the company’s stock worth $8,651,000 after buying an additional 54,770 shares during the period. Dalton Investments Inc. increased its position in shares of TaskUs by 2.5% in the second quarter. Dalton Investments Inc. now owns 636,458 shares of the company’s stock worth $8,471,000 after acquiring an additional 15,300 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of TaskUs by 12.8% during the second quarter. Renaissance Technologies LLC now owns 440,523 shares of the company’s stock valued at $5,863,000 after acquiring an additional 50,000 shares during the period. Seldon Capital LP purchased a new stake in shares of TaskUs in the 3rd quarter valued at approximately $5,393,000. Finally, Massachusetts Financial Services Co. MA grew its position in TaskUs by 12.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 396,274 shares of the company’s stock worth $5,120,000 after purchasing an additional 42,750 shares in the last quarter. 44.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TASK shares. Robert W. Baird increased their target price on TaskUs from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, November 8th. JPMorgan Chase & Co. reduced their price objective on TaskUs from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. Citigroup lifted their target price on TaskUs from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Royal Bank of Canada increased their price target on shares of TaskUs from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $16.43.

TaskUs Stock Performance

Shares of NASDAQ TASK opened at $15.22 on Friday. TaskUs, Inc. has a one year low of $10.56 and a one year high of $19.60. The business’s 50-day moving average price is $13.49 and its two-hundred day moving average price is $13.89. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.02 and a quick ratio of 3.02. The company has a market capitalization of $1.36 billion, a P/E ratio of 25.80, a price-to-earnings-growth ratio of 3.89 and a beta of 2.31.

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.