PharVision Advisers LLC Buys New Shares in TaskUs, Inc. $TASK

Key Points

• PharVision Advisers LLC acquired 17,245 shares of TaskUs, Inc. valued at approximately $235,000 in the 1st quarter.
• Increased institutional interest is noted, with multiple hedge funds significantly raising their stakes in TaskUs during the same quarter.
• TaskUs stock's performance shows fluctuations, with an average price target of $18.00 and a recent opening price of $18.18.

PharVision Advisers LLC purchased a new stake in shares of TaskUs, Inc. (NASDAQ:TASK - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 17,245 shares of the company's stock, valued at approximately $235,000.

Several other hedge funds have also added to or reduced their stakes in the business. PDT Partners LLC lifted its holdings in TaskUs by 114.2% during the 1st quarter. PDT Partners LLC now owns 96,798 shares of the company's stock valued at $1,319,000 after purchasing an additional 51,609 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in TaskUs by 913.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 158,306 shares of the company's stock valued at $2,158,000 after purchasing an additional 142,688 shares during the last quarter. Quarry LP acquired a new stake in TaskUs during the 1st quarter valued at $83,000. Trexquant Investment LP lifted its holdings in TaskUs by 697.4% during the 1st quarter. Trexquant Investment LP now owns 141,562 shares of the company's stock valued at $1,929,000 after purchasing an additional 123,809 shares during the last quarter. Finally, AlphaQuest LLC lifted its holdings in TaskUs by 1,153.0% during the 1st quarter. AlphaQuest LLC now owns 23,845 shares of the company's stock valued at $325,000 after purchasing an additional 21,942 shares during the last quarter. Institutional investors and hedge funds own 44.64% of the company's stock.

TaskUs Stock Up 1.1%

TASK opened at $18.18 on Friday. TaskUs, Inc. has a fifty-two week low of $10.57 and a fifty-two week high of $19.60. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.84 and a current ratio of 2.84. The company has a market capitalization of $1.63 billion, a P/E ratio of 26.35 and a beta of 2.16. The stock has a fifty day moving average of $17.17 and a 200-day moving average of $15.57.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Royal Bank Of Canada cut their price target on TaskUs from $20.00 to $16.50 and set a "sector perform" rating for the company in a report on Monday, May 12th. Zacks Research raised TaskUs from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 20th. Robert W. Baird downgraded TaskUs from an "outperform" rating to a "neutral" rating and set a $16.50 target price for the company. in a report on Monday, May 12th. Finally, Baird R W downgraded TaskUs from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. One equities research 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $18.00.

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.

Want to see what other hedge funds are holding TASK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TaskUs, Inc. (NASDAQ:TASK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.