Quarry LP Takes $83,000 Position in TaskUs, Inc. $TASK

Quarry LP acquired a new position in shares of TaskUs, Inc. (NASDAQ:TASK) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 6,103 shares of the company’s stock, valued at approximately $83,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TASK. Lazard Asset Management LLC lifted its stake in TaskUs by 9.6% in the 4th quarter. Lazard Asset Management LLC now owns 9,972 shares of the company’s stock valued at $167,000 after acquiring an additional 873 shares in the last quarter. American Century Companies Inc. grew its stake in shares of TaskUs by 12.1% during the 1st quarter. American Century Companies Inc. now owns 41,359 shares of the company’s stock worth $564,000 after acquiring an additional 4,471 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of TaskUs in the first quarter valued at approximately $63,000. BNP Paribas Financial Markets bought a new stake in shares of TaskUs in the fourth quarter worth $80,000. Finally, Point72 Asset Management L.P. acquired a new position in TaskUs during the fourth quarter worth $83,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

TaskUs Trading Up 0.6%

Shares of NASDAQ:TASK opened at $17.77 on Thursday. TaskUs, Inc. has a 52-week low of $10.57 and a 52-week high of $19.60. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.84 and a current ratio of 2.84. The company has a market capitalization of $1.60 billion, a P/E ratio of 25.75 and a beta of 2.16. The company has a 50-day simple moving average of $17.11 and a 200 day simple moving average of $15.53.

Analyst Ratings Changes

Several brokerages have issued reports on TASK. Robert W. Baird lowered shares of TaskUs from an “outperform” rating to a “neutral” rating and set a $16.50 price target on the stock. in a research note on Monday, May 12th. Baird R W downgraded TaskUs from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 12th. Zacks Research upgraded TaskUs from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 20th. William Blair downgraded TaskUs from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. Finally, Royal Bank Of Canada lowered their price target on TaskUs from $20.00 to $16.50 and set a “sector perform” rating on the stock in a research report on Monday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.40.

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.