TaskUs, Inc. $TASK Shares Purchased by PDT Partners LLC

Key Points

• PDT Partners LLC increased its stake in TaskUs, Inc. by 114.2% during the first quarter, owning 96,798 shares valued at approximately $1.32 million.
• The stock currently has a consensus rating of "Moderate Buy" from analysts, with an average price target of $17.40.
• TaskUs Inc. has experienced price target adjustments from multiple analysts, including a downgrade by Royal Bank Of Canada from $20.00 to $16.50.

PDT Partners LLC increased its holdings in shares of TaskUs, Inc. (NASDAQ:TASK - Free Report) by 114.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 96,798 shares of the company's stock after purchasing an additional 51,609 shares during the period. PDT Partners LLC owned 0.11% of TaskUs worth $1,319,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new position in TaskUs in the 1st quarter valued at about $63,000. BNP Paribas Financial Markets purchased a new position in TaskUs in the 4th quarter valued at about $80,000. Point72 Asset Management L.P. purchased a new position in TaskUs in the 4th quarter valued at about $83,000. Quarry LP purchased a new position in TaskUs in the 1st quarter valued at about $83,000. Finally, Lazard Asset Management LLC boosted its position in 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 buying an additional 873 shares during the last quarter. 44.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TASK has been the topic of several research analyst reports. Royal Bank Of Canada reduced their price target on shares of TaskUs from $20.00 to $16.50 and set a "sector perform" rating on the stock in a research report on Monday, May 12th. Zacks Research raised shares of TaskUs from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 20th. Robert W. Baird cut shares of TaskUs from an "outperform" rating to a "neutral" rating and set a $16.50 price target on the stock. in a research report on Monday, May 12th. Finally, Baird R W cut shares of TaskUs from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $18.00.

TaskUs Stock Performance

TASK traded up $0.19 on Friday, hitting $18.18. 660,522 shares of the company's stock were exchanged, compared to its average volume of 344,901. The firm has a market cap of $1.63 billion, a PE ratio of 26.35 and a beta of 2.16. TaskUs, Inc. has a twelve month low of $10.57 and a twelve month high of $19.60. The stock has a fifty day moving average of $17.17 and a two-hundred day moving average of $15.57. 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 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.