Jacobs Levy Equity Management Inc. Has $2.31 Million Stock Holdings in TaskUs, Inc. $TASK

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in TaskUs, Inc. by 19.4%, now holding 169,168 shares worth approximately $2.3 million after selling 40,668 shares.
• TaskUs stock is currently trading at $17.17, down 2.2%, with a market capitalization of $1.54 billion and includes a price-to-earnings ratio of 24.88.
• Analysts have mixed views on TaskUs, with Zacks Research upgrading the stock to a strong-buy rating while Morgan Stanley lowered its price target from $21 to $16.50.

Jacobs Levy Equity Management Inc. lessened its stake in shares of TaskUs, Inc. (NASDAQ:TASK - Free Report) by 19.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 169,168 shares of the company's stock after selling 40,668 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.19% of TaskUs worth $2,306,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TASK. Think Investments LP grew its position in TaskUs by 14.5% during the 4th quarter. Think Investments LP now owns 2,881,513 shares of the company's stock worth $48,813,000 after purchasing an additional 364,608 shares during the period. SG Americas Securities LLC raised its position in TaskUs by 85.9% in the first quarter. SG Americas Securities LLC now owns 651,838 shares of the company's stock valued at $8,885,000 after purchasing an additional 301,119 shares during the period. Tocqueville Asset Management L.P. purchased a new stake in TaskUs in the first quarter valued at approximately $2,576,000. Cubist Systematic Strategies LLC grew its stake in shares of TaskUs by 913.6% in the first quarter. Cubist Systematic Strategies LLC now owns 158,306 shares of the company's stock worth $2,158,000 after acquiring an additional 142,688 shares in the last quarter. Finally, Trexquant Investment LP grew its stake in shares of TaskUs by 697.4% during the first quarter. Trexquant Investment LP now owns 141,562 shares of the company's stock worth $1,929,000 after purchasing an additional 123,809 shares in the last quarter. Hedge funds and other institutional investors own 44.64% of the company's stock.

TaskUs Price Performance

TASK stock traded up $0.12 on Tuesday, hitting $17.52. 221,609 shares of the company's stock traded hands, compared to its average volume of 450,926. TaskUs, Inc. has a 1-year low of $10.57 and a 1-year high of $19.60. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 25.39 and a beta of 2.16. The stock has a fifty day moving average of $17.27 and a 200-day moving average of $15.71. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.42.

Analyst Upgrades and Downgrades

TASK has been the subject of a number of research reports. Morgan Stanley cut shares of TaskUs from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $21.00 to $16.50 in a research report on Tuesday, September 9th. Zacks Research upgraded shares of TaskUs from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $16.88.

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.