Blue Trust Inc. Acquires 16,580 Shares of TaskUs, Inc. (NASDAQ:TASK)

Blue Trust Inc. lifted its holdings in TaskUs, Inc. (NASDAQ:TASK - Free Report) by 988.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,257 shares of the company's stock after purchasing an additional 16,580 shares during the period. Blue Trust Inc.'s holdings in TaskUs were worth $249,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Lazard Asset Management LLC lifted its stake in shares of 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 purchasing an additional 873 shares during the last quarter. PDT Partners LLC lifted its stake in shares of TaskUs by 6.8% in the 4th quarter. PDT Partners LLC now owns 45,189 shares of the company's stock valued at $766,000 after purchasing an additional 2,893 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of TaskUs by 11.6% in the 4th quarter. American Century Companies Inc. now owns 36,888 shares of the company's stock valued at $625,000 after purchasing an additional 3,841 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in TaskUs during the 1st quarter worth $63,000. Finally, BNP Paribas Financial Markets acquired a new position in TaskUs during the 4th quarter worth $80,000. Institutional investors and hedge funds own 44.64% of the company's stock.

Wall Street Analysts Forecast Growth

TASK has been the subject of a number of research analyst reports. Robert W. Baird lowered shares of TaskUs from an "outperform" rating to a "neutral" rating and set a $16.50 target price for the company. in a research report on Monday, May 12th. Royal Bank Of Canada cut their target price on shares of TaskUs from $20.00 to $16.50 and set a "sector perform" rating for the company in a research report on Monday, May 12th. William Blair lowered shares of TaskUs from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Baird R W lowered shares of TaskUs from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $16.86.

TaskUs Stock Performance

Shares of TASK traded up $0.03 during trading hours on Tuesday, reaching $16.78. 256,475 shares of the company traded hands, compared to its average volume of 325,186. The stock's fifty day moving average is $15.66 and its 200 day moving average is $15.28. The stock has a market cap of $1.49 billion, a P/E ratio of 27.51 and a beta of 2.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.87 and a current ratio of 2.87. TaskUs, Inc. has a 1-year low of $10.57 and a 1-year high of $19.60.

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.