GSA Capital Partners LLP Lowers Position in TaskUs, Inc. (NASDAQ:TASK)

GSA Capital Partners LLP trimmed its position in shares of TaskUs, Inc. (NASDAQ:TASK) by 15.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 87,003 shares of the company’s stock after selling 15,896 shares during the period. GSA Capital Partners LLP’s holdings in TaskUs were worth $1,124,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TASK. Lord Abbett & CO. LLC boosted its position in shares of TaskUs by 26.5% during the first quarter. Lord Abbett & CO. LLC now owns 744,222 shares of the company’s stock valued at $8,670,000 after purchasing an additional 155,751 shares in the last quarter. Dalton Investments Inc. boosted its holdings in shares of TaskUs by 2.5% during the 2nd quarter. Dalton Investments Inc. now owns 636,458 shares of the company’s stock valued at $8,471,000 after buying an additional 15,300 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of TaskUs by 12.8% during the 2nd quarter. Renaissance Technologies LLC now owns 440,523 shares of the company’s stock valued at $5,863,000 after buying an additional 50,000 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of TaskUs by 15.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 392,504 shares of the company’s stock worth $5,224,000 after buying an additional 51,935 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of TaskUs by 145.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 120,920 shares of the company’s stock worth $1,409,000 after acquiring an additional 71,621 shares in the last quarter. Hedge funds and other institutional investors own 44.64% of the company’s stock.

TaskUs Stock Down 6.2 %

TaskUs stock opened at $13.88 on Friday. TaskUs, Inc. has a 12 month low of $10.56 and a 12 month high of $19.60. The stock has a fifty day simple moving average of $12.81 and a two-hundred day simple moving average of $13.72. The company has a current ratio of 3.02, a quick ratio of 3.23 and a debt-to-equity ratio of 0.50. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 3.87 and a beta of 2.28.

Analyst Ratings Changes

TASK has been the topic of a number of recent research reports. Citigroup upped their price objective on shares of TaskUs from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Bank of America upgraded TaskUs from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $12.00 to $18.00 in a research note on Monday, July 22nd. Royal Bank of Canada lifted their price objective on TaskUs from $17.00 to $18.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. cut their target price on TaskUs from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, September 6th. Finally, Robert W. Baird lifted their price target on TaskUs from $16.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TaskUs currently has a consensus rating of “Hold” and an average target price of $16.43.

About TaskUs

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.