Quest Partners LLC Increases Stock Position in TaskUs, Inc. (NASDAQ:TASK)

Quest Partners LLC grew its position in shares of TaskUs, Inc. (NASDAQ:TASK) by 208.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,569 shares of the company’s stock after purchasing an additional 13,233 shares during the quarter. Quest Partners LLC’s holdings in TaskUs were worth $253,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. nVerses Capital LLC purchased a new position in TaskUs during the 2nd quarter worth approximately $28,000. US Bancorp DE grew its position in shares of TaskUs by 101.2% during the third quarter. US Bancorp DE now owns 5,001 shares of the company’s stock worth $65,000 after acquiring an additional 2,516 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of TaskUs by 55.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,581 shares of the company’s stock valued at $74,000 after acquiring an additional 1,988 shares during the period. CWM LLC raised its position in TaskUs by 25,053.3% in the 3rd quarter. CWM LLC now owns 7,546 shares of the company’s stock valued at $97,000 after purchasing an additional 7,516 shares during the last quarter. Finally, Olympiad Research LP acquired a new stake in TaskUs during the 3rd quarter worth $143,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TASK. Robert W. Baird upped their target price on shares of TaskUs from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, November 8th. 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. JPMorgan Chase & Co. cut their price target on TaskUs from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. 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 research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TaskUs presently has an average rating of “Hold” and an average price target of $16.43.

TaskUs Trading Down 2.1 %

Shares of TaskUs stock opened at $14.81 on Wednesday. The company has a 50-day moving average of $13.10 and a two-hundred day moving average of $13.86. The stock has a market cap of $1.32 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 3.84 and a beta of 2.28. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.50. TaskUs, Inc. has a 12-month low of $10.56 and a 12-month high of $19.60.

About TaskUs

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.