Seldon Capital LP Makes New $5.39 Million Investment in TaskUs, Inc. (NASDAQ:TASK)

Seldon Capital LP bought a new stake in TaskUs, Inc. (NASDAQ:TASK) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 417,428 shares of the company’s stock, valued at approximately $5,393,000. TaskUs makes up approximately 3.0% of Seldon Capital LP’s portfolio, making the stock its 13th largest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. nVerses Capital LLC purchased a new stake in TaskUs during the second quarter worth about $28,000. US Bancorp DE increased its stake in shares of TaskUs by 101.2% during the 3rd quarter. US Bancorp DE now owns 5,001 shares of the company’s stock worth $65,000 after purchasing an additional 2,516 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of TaskUs by 55.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,581 shares of the company’s stock worth $74,000 after purchasing an additional 1,988 shares during the last quarter. CWM LLC raised its holdings in shares of TaskUs by 25,053.3% in the 3rd quarter. CWM LLC now owns 7,546 shares of the company’s stock worth $97,000 after purchasing an additional 7,516 shares during the period. Finally, Olympiad Research LP purchased a new position in TaskUs in the third quarter valued at approximately $143,000. 44.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on TASK shares. Robert W. Baird raised their target price on TaskUs from $16.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Royal Bank of Canada boosted 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. Citigroup increased their target price on shares of TaskUs from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, JPMorgan Chase & Co. reduced their target price on shares of TaskUs from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $16.43.

TaskUs Stock Up 0.5 %

TASK stock opened at $14.82 on Friday. The stock has a 50-day simple moving average of $13.06 and a two-hundred day simple moving average of $13.84. TaskUs, Inc. has a twelve month low of $10.56 and a twelve month high of $19.60. The firm has a market capitalization of $1.32 billion, a PE ratio of 25.12, a PEG ratio of 3.82 and a beta of 2.28. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.50.

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.