US Bancorp DE Grows Holdings in TaskUs, Inc. (NASDAQ:TASK)

US Bancorp DE boosted its position in TaskUs, Inc. (NASDAQ:TASK) by 101.2% in the third quarter, HoldingsChannel reports. The firm owned 5,001 shares of the company’s stock after buying an additional 2,516 shares during the quarter. US Bancorp DE’s holdings in TaskUs were worth $65,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TASK. Jacobs Levy Equity Management Inc. raised its stake in shares of TaskUs by 145.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 120,920 shares of the company’s stock worth $1,409,000 after purchasing an additional 71,621 shares during the period. LSV Asset Management purchased a new position in shares of TaskUs during the 2nd quarter valued at $990,000. Dimensional Fund Advisors LP grew its stake in shares of TaskUs by 15.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 392,504 shares of the company’s stock worth $5,224,000 after acquiring an additional 51,935 shares during the period. 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 acquiring an additional 50,000 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in TaskUs by 94.2% in the 3rd quarter. SG Americas Securities LLC now owns 110,626 shares of the company’s stock valued at $1,429,000 after acquiring an additional 53,672 shares during the period. Hedge funds and other institutional investors own 44.64% of the company’s stock.

TaskUs Stock Down 0.9 %

Shares of NASDAQ:TASK opened at $13.76 on Monday. The stock has a market capitalization of $1.22 billion, a P/E ratio of 23.32, a price-to-earnings-growth ratio of 3.62 and a beta of 2.28. TaskUs, Inc. has a 12-month low of $10.56 and a 12-month high of $19.60. The stock’s 50-day moving average price is $12.85 and its 200-day moving average price is $13.77. The company has a current ratio of 3.02, a quick ratio of 3.23 and a debt-to-equity ratio of 0.50.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Royal Bank of Canada increased their target price on shares of TaskUs from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Friday, August 9th. Citigroup lifted their price objective on shares of TaskUs from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Robert W. Baird upped their price target on TaskUs from $16.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Bank of America upgraded TaskUs from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $12.00 to $18.00 in a research report on Monday, July 22nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of TaskUs from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, TaskUs presently has an average rating of “Hold” and an average price target of $16.43.

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.