Ritholtz Wealth Management Takes $236,000 Position in TaskUs, Inc. (NASDAQ:TASK)

Ritholtz Wealth Management bought a new stake in TaskUs, Inc. (NASDAQ:TASK) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 17,347 shares of the company’s stock, valued at approximately $236,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TASK. Blue Trust Inc. boosted its holdings in TaskUs by 71.5% during the fourth quarter. Blue Trust Inc. now owns 1,677 shares of the company’s stock worth $28,000 after buying an additional 699 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in TaskUs in the first quarter valued at about $63,000. BNP Paribas Financial Markets purchased a new stake in shares of TaskUs in the fourth quarter valued at about $80,000. KLP Kapitalforvaltning AS purchased a new stake in shares of TaskUs in the fourth quarter valued at about $81,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of TaskUs in the fourth quarter valued at about $83,000. Hedge funds and other institutional investors own 44.64% of the company’s stock.

TaskUs Stock Performance

Shares of TASK opened at $16.67 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.87 and a current ratio of 2.87. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 27.33 and a beta of 2.19. TaskUs, Inc. has a 1 year low of $10.57 and a 1 year high of $19.60. The company’s 50 day simple moving average is $15.51 and its 200 day simple moving average is $15.26.

Wall Street Analyst Weigh In

Several analysts have issued reports on TASK shares. Baird R W downgraded shares of TaskUs from a “strong-buy” rating to a “hold” rating in a report on Monday, May 12th. William Blair downgraded shares of TaskUs from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. Royal Bank Of Canada reduced their price objective on shares of TaskUs from $20.00 to $16.50 and set a “sector perform” rating on the stock in a research note on Monday, May 12th. Finally, Robert W. Baird downgraded shares of TaskUs from an “outperform” rating to a “neutral” rating and set a $16.50 price objective on the stock. in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, TaskUs presently has an average rating of “Hold” and a consensus price target of $16.86.

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.