Royce & Associates LP Raises Stock Position in TaskUs, Inc. (NASDAQ:TASK)

Royce & Associates LP increased its holdings in shares of TaskUs, Inc. (NASDAQ:TASK) by 8.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 669,579 shares of the company’s stock after purchasing an additional 54,770 shares during the period. Royce & Associates LP owned 0.75% of TaskUs worth $8,651,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TASK. LSV Asset Management acquired a new stake in TaskUs in the second quarter valued at approximately $990,000. Jacobs Levy Equity Management Inc. raised its holdings in shares of TaskUs by 145.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 120,920 shares of the company’s stock worth $1,409,000 after purchasing an additional 71,621 shares during the last quarter. SG Americas Securities LLC increased its holdings in TaskUs by 94.2% in the third quarter. SG Americas Securities LLC now owns 110,626 shares of the company’s stock valued at $1,429,000 after buying an additional 53,672 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in TaskUs by 15.2% in the second quarter. Dimensional Fund Advisors LP now owns 392,504 shares of the company’s stock valued at $5,224,000 after buying an additional 51,935 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of TaskUs by 12.8% during the second quarter. Renaissance Technologies LLC now owns 440,523 shares of the company’s stock worth $5,863,000 after purchasing an additional 50,000 shares in the last quarter. 44.64% of the stock is currently owned by institutional investors.

TaskUs Stock Performance

Shares of TASK opened at $13.76 on Monday. TaskUs, Inc. has a 52-week low of $10.56 and a 52-week high of $19.60. The company has a quick ratio of 3.23, a current ratio of 3.02 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $1.22 billion, a PE ratio of 23.32, a P/E/G ratio of 3.62 and a beta of 2.28. The firm has a 50-day moving average price of $12.85 and a 200 day moving average price of $13.77.

Analysts Set New Price Targets

Several brokerages recently issued reports on TASK. Royal Bank of Canada upped their price objective on shares of TaskUs from $17.00 to $18.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Citigroup increased their target price on shares of TaskUs from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Bank of America upgraded shares of TaskUs from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $12.00 to $18.00 in a report on Monday, July 22nd. JPMorgan Chase & Co. reduced their price objective on shares of TaskUs from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, September 6th. Finally, Robert W. Baird increased their target price on shares of TaskUs from $16.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, TaskUs has an average rating of “Hold” and a consensus price target of $16.43.

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.