EntryPoint Capital LLC Buys New Position in TaskUs, Inc. $TASK

Key Points

• EntryPoint Capital LLC has purchased a new stake in TaskUs, acquiring approximately 16,240 shares valued at $221,000.
• Analysts have mixed opinions on TaskUs, with Zacks Research upgrading it to "strong-buy," while other firms set a new price target of $16.50.
• TaskUs shares recently opened at $17.38 and have fluctuated between a 12-month low of $10.57 and a high of $19.60.

EntryPoint Capital LLC bought a new stake in TaskUs, Inc. (NASDAQ:TASK - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 16,240 shares of the company's stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TASK. Harbor Capital Advisors Inc. bought a new position in TaskUs in the first quarter valued at approximately $63,000. BNP Paribas Financial Markets bought a new position in TaskUs in the fourth quarter valued at approximately $80,000. Point72 Asset Management L.P. bought a new position in TaskUs in the fourth quarter valued at approximately $83,000. Russell Investments Group Ltd. bought a new position in TaskUs in the fourth quarter valued at approximately $115,000. Finally, Lazard Asset Management LLC grew its stake in TaskUs by 9.6% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 44.64% of the company's stock.

Analysts Set New Price Targets

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

TaskUs Stock Performance

Shares of NASDAQ TASK opened at $17.38 on Friday. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.42. TaskUs, Inc. has a 12 month low of $10.57 and a 12 month high of $19.60. The stock has a 50 day moving average of $16.99 and a 200-day moving average of $15.44. The company has a market capitalization of $1.56 billion, a P/E ratio of 25.19 and a beta of 2.16.

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.

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