Royce & Associates LP Has $8.65 Million Position in TaskUs, Inc. (NASDAQ:TASK)

Royce & Associates LP increased its position in TaskUs, Inc. (NASDAQ:TASK) by 8.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 669,579 shares of the company’s stock after buying an additional 54,770 shares during the period. Royce & Associates LP’s holdings in TaskUs were worth $8,651,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cornercap Investment Counsel Inc. acquired a new stake in shares of TaskUs in the third quarter worth $230,000. Victory Capital Management Inc. bought a new position in TaskUs in the third quarter worth $223,000. Olympiad Research LP bought a new position in TaskUs in the third quarter worth $143,000. US Bancorp DE lifted its position in TaskUs by 101.2% in the third quarter. US Bancorp DE now owns 5,001 shares of the company’s stock worth $65,000 after purchasing an additional 2,516 shares during the period. Finally, CWM LLC lifted its position in TaskUs by 25,053.3% in the third quarter. CWM LLC now owns 7,546 shares of the company’s stock worth $97,000 after purchasing an additional 7,516 shares during the period. Institutional investors and hedge funds own 44.64% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on TASK shares. Bank of America raised TaskUs from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $12.00 to $18.00 in a research report on Monday, July 22nd. JPMorgan Chase & Co. cut their price objective on TaskUs from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, September 6th. Robert W. Baird lifted 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. Royal Bank of Canada lifted their price objective on TaskUs from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Friday, August 9th. Finally, Citigroup lifted 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. 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, the stock presently has an average rating of “Hold” and a consensus target price of $16.43.

TaskUs Trading Down 0.9 %

NASDAQ TASK opened at $13.76 on Monday. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 3.62 and a beta of 2.28. The stock’s 50 day moving average price is $12.85 and its two-hundred day moving average price is $13.77. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.23 and a current ratio of 3.02. TaskUs, Inc. has a 52 week low of $10.56 and a 52 week 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.