Jacobs Levy Equity Management Inc. Purchases 84,988 Shares of TaskUs, Inc. (NASDAQ:TASK)

Jacobs Levy Equity Management Inc. grew its holdings in shares of TaskUs, Inc. (NASDAQ:TASK) by 47.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 263,734 shares of the company’s stock after purchasing an additional 84,988 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.30% of TaskUs worth $3,407,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Seldon Capital LP purchased a new stake in TaskUs during the third quarter valued at approximately $5,393,000. LSV Asset Management purchased a new stake in shares of TaskUs in the 2nd quarter worth $990,000. Royce & Associates LP raised its holdings in TaskUs by 8.9% in the 3rd quarter. Royce & Associates LP now owns 669,579 shares of the company’s stock worth $8,651,000 after purchasing an additional 54,770 shares during the period. SG Americas Securities LLC lifted its position in TaskUs by 94.2% during the third quarter. SG Americas Securities LLC now owns 110,626 shares of the company’s stock valued at $1,429,000 after purchasing an additional 53,672 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in TaskUs by 15.2% during the second quarter. Dimensional Fund Advisors LP now owns 392,504 shares of the company’s stock valued at $5,224,000 after purchasing an additional 51,935 shares during the period. Hedge funds and other institutional investors own 44.64% of the company’s stock.

Analyst Upgrades and Downgrades

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

TaskUs Trading Up 1.3 %

TaskUs stock opened at $15.22 on Friday. TaskUs, Inc. has a 1 year low of $10.56 and a 1 year high of $19.60. The firm’s 50 day moving average price is $13.49 and its 200-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 stock has a market cap of $1.36 billion, a P/E ratio of 25.80, a PEG ratio of 3.94 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.