Seldon Capital LP Takes $5.39 Million Position in TaskUs, Inc. (NASDAQ:TASK)

Seldon Capital LP bought a new position in shares of TaskUs, Inc. (NASDAQ:TASK – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 417,428 shares of the company’s stock, valued at approximately $5,393,000. TaskUs comprises about 3.0% of Seldon Capital LP’s holdings, making the stock its 13th largest position. Seldon Capital LP owned 0.47% of TaskUs at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of TASK. Royce & Associates LP grew its position in shares of TaskUs by 8.9% during the 3rd quarter. Royce & Associates LP now owns 669,579 shares of the company’s stock worth $8,651,000 after buying an additional 54,770 shares during the period. Dalton Investments Inc. grew its holdings in TaskUs by 2.5% in the second quarter. Dalton Investments Inc. now owns 636,458 shares of the company’s stock worth $8,471,000 after purchasing an additional 15,300 shares during the period. Renaissance Technologies LLC increased its stake in TaskUs by 12.8% in the second quarter. Renaissance Technologies LLC now owns 440,523 shares of the company’s stock valued at $5,863,000 after purchasing an additional 50,000 shares in the last quarter. Massachusetts Financial Services Co. MA raised 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 valued at $5,120,000 after purchasing an additional 42,750 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of 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. Institutional investors own 44.64% of the company’s stock.

TaskUs Stock Up 0.5 %

Shares of NASDAQ:TASK opened at $14.82 on Friday. The business’s 50 day moving average is $13.06 and its 200 day moving average is $13.84. TaskUs, Inc. has a 12-month low of $10.56 and a 12-month high of $19.60. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 3.82 and a beta of 2.28. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.50.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TASK shares. Royal Bank of Canada boosted their target price on TaskUs from $17.00 to $18.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. Robert W. Baird boosted their price objective on TaskUs from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, November 8th. JPMorgan Chase & Co. cut their target price on TaskUs from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, September 6th. Finally, Citigroup lifted their price target on shares of TaskUs from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, August 12th. One research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $16.43.

Get Our Latest Stock Analysis on TASK

TaskUs Profile

(Free Report)

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.

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