Jacobs Levy Equity Management Inc. Raises Position in TaskUs, Inc. (NASDAQ:TASK)

Jacobs Levy Equity Management Inc. grew its holdings in shares of TaskUs, Inc. (NASDAQ:TASK - Free Report) by 47.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 263,734 shares of the company's stock after acquiring an additional 84,988 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.30% of TaskUs worth $3,407,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Royce & Associates LP lifted its stake in TaskUs by 8.9% in the 3rd quarter. Royce & Associates LP now owns 669,579 shares of the company's stock valued at $8,651,000 after purchasing an additional 54,770 shares during the last quarter. Dalton Investments Inc. grew its position in TaskUs by 2.5% during the 2nd 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 during the last quarter. Renaissance Technologies LLC increased its holdings in TaskUs by 12.8% in the 2nd 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. Seldon Capital LP bought a new position in TaskUs in the third quarter valued at about $5,393,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of TaskUs by 12.1% during the third 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 during the last quarter. 44.64% of the stock is currently owned by institutional investors and hedge funds.

TaskUs Stock Up 1.3 %

NASDAQ TASK traded up $0.19 on Friday, hitting $15.22. 97,359 shares of the company were exchanged, compared to its average volume of 262,153. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.50. The company has a market cap of $1.36 billion, a PE ratio of 25.80, a PEG ratio of 3.89 and a beta of 2.31. The stock has a fifty day moving average of $13.56 and a 200-day moving average of $13.89. TaskUs, Inc. has a 12 month low of $10.56 and a 12 month high of $19.60.

Analyst Ratings Changes

TASK has been the subject of a number of research reports. Robert W. Baird raised their price objective 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 increased their price objective on TaskUs from $18.00 to $19.00 and gave the company a "buy" rating in a report on Monday, August 12th. Royal Bank of Canada lifted their target price on TaskUs from $17.00 to $18.00 and gave the stock a "sector perform" rating in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. lowered their price objective on TaskUs from $17.00 to $15.00 and set a "neutral" rating for the company in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $16.43.

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.