Algert Global LLC Acquires Shares of 30,660 TaskUs, Inc. $TASK

Key Points

• Algert Global LLC has acquired 30,660 shares of TaskUs, Inc., valued at approximately $418,000, in its 1st quarter SEC filing.
• Research firms have issued mixed ratings for TaskUs, with Baird downgrading it to "hold" while Zacks upgraded it to "strong-buy," reflecting diverse analyst opinions.
• TaskUs currently has a market capitalization of $1.56 billion and is trading at around $17.38, with a consensus price target of $17.40 according to MarketBeat.com.

Algert Global LLC purchased a new stake in TaskUs, Inc. (NASDAQ:TASK - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 30,660 shares of the company's stock, valued at approximately $418,000.

Several other institutional investors also recently bought and sold shares of TASK. Harbor Capital Advisors Inc. acquired a new stake in shares of TaskUs in the first quarter worth $63,000. BNP Paribas Financial Markets acquired a new position in shares of TaskUs during the 4th quarter valued at $80,000. Point72 Asset Management L.P. purchased a new stake in TaskUs during the 4th quarter worth $83,000. Lazard Asset Management LLC boosted its position in TaskUs by 9.6% during the 4th quarter. Lazard Asset Management LLC now owns 9,972 shares of the company's stock worth $167,000 after purchasing an additional 873 shares during the period. Finally, Invesco Ltd. purchased a new stake in TaskUs during the 1st quarter worth $182,000. 44.64% of the stock is currently owned by hedge funds and other institutional investors.

TaskUs Stock Up 0.7%

Shares of NASDAQ:TASK traded up $0.13 during trading on Friday, hitting $17.53. The company's stock had a trading volume of 106,967 shares, compared to its average volume of 362,985. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.84 and a current ratio of 2.84. TaskUs, Inc. has a fifty-two week low of $10.57 and a fifty-two week high of $19.60. The stock's 50-day moving average price is $17.05 and its two-hundred day moving average price is $15.48. The company has a market capitalization of $1.58 billion, a PE ratio of 25.41 and a beta of 2.16.

Analysts Set New Price Targets

TASK has been the topic of a number of recent research reports. William Blair cut TaskUs from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Royal Bank Of Canada reduced their price objective on TaskUs from $20.00 to $16.50 and set a "sector perform" rating on the stock in a research note on Monday, May 12th. Baird R W cut TaskUs from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. Robert W. Baird cut TaskUs from an "outperform" rating to a "neutral" rating and set a $16.50 price objective on the stock. in a research note on Monday, May 12th. Finally, Zacks Research upgraded TaskUs from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $17.40.

TaskUs Company 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.