US Bancorp DE Has $65,000 Holdings in TaskUs, Inc. (NASDAQ:TASK)

US Bancorp DE grew its holdings in shares of TaskUs, Inc. (NASDAQ:TASK) by 101.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,001 shares of the company’s stock after acquiring an additional 2,516 shares during the quarter. US Bancorp DE’s holdings in TaskUs were worth $65,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. LSV Asset Management bought a new position in shares of TaskUs in the 2nd quarter valued at $990,000. Jacobs Levy Equity Management Inc. increased its position in TaskUs by 145.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 120,920 shares of the company’s stock valued at $1,409,000 after acquiring an additional 71,621 shares during the period. SG Americas Securities LLC raised its stake in shares of TaskUs by 94.2% during the third quarter. SG Americas Securities LLC now owns 110,626 shares of the company’s stock valued at $1,429,000 after acquiring an additional 53,672 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of TaskUs by 15.2% during the second quarter. Dimensional Fund Advisors LP now owns 392,504 shares of the company’s stock worth $5,224,000 after purchasing an additional 51,935 shares during the period. Finally, Renaissance Technologies LLC raised its position in TaskUs by 12.8% during the 2nd quarter. Renaissance Technologies LLC now owns 440,523 shares of the company’s stock worth $5,863,000 after purchasing an additional 50,000 shares during the last quarter. Institutional investors own 44.64% of the company’s stock.

Analysts Set New Price Targets

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

TaskUs Trading Down 0.9 %

NASDAQ TASK opened at $13.76 on Monday. TaskUs, Inc. has a 52 week low of $10.56 and a 52 week high of $19.60. The business has a 50 day moving average price of $12.85 and a 200-day moving average price of $13.77. The company has a quick ratio of 3.23, a current ratio of 3.02 and a debt-to-equity ratio of 0.50. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 23.32, a P/E/G ratio of 3.62 and a beta of 2.28.

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.