TaskUs, Inc. $TASK Position Reduced by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its position in shares of TaskUs, Inc. (NASDAQ:TASK) by 16.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,242 shares of the company’s stock after selling 3,309 shares during the period. Hsbc Holdings PLC’s holdings in TaskUs were worth $235,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Think Investments LP increased its holdings in shares of TaskUs by 14.5% in the fourth quarter. Think Investments LP now owns 2,881,513 shares of the company’s stock valued at $48,813,000 after buying an additional 364,608 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of TaskUs by 7.9% in the 4th quarter. Ameriprise Financial Inc. now owns 957,653 shares of the company’s stock worth $16,223,000 after acquiring an additional 69,704 shares during the last quarter. Royce & Associates LP raised its position in shares of TaskUs by 6.4% during the first quarter. Royce & Associates LP now owns 790,289 shares of the company’s stock worth $10,772,000 after purchasing an additional 47,610 shares during the period. Dalton Investments Inc. raised its position in shares of TaskUs by 10.3% during the first quarter. Dalton Investments Inc. now owns 750,146 shares of the company’s stock worth $10,224,000 after purchasing an additional 69,900 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of TaskUs by 85.9% during the first quarter. SG Americas Securities LLC now owns 651,838 shares of the company’s stock valued at $8,885,000 after purchasing an additional 301,119 shares during the last quarter. Institutional investors own 44.64% of the company’s stock.

Analysts Set New Price Targets

TASK has been the subject of a number of analyst reports. William Blair lowered shares of TaskUs from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. Royal Bank Of Canada dropped their target price on shares of TaskUs from $20.00 to $16.50 and set a “sector perform” rating on the stock in a research report on Monday, May 12th. Robert W. Baird downgraded shares of TaskUs from an “outperform” rating to a “neutral” rating and set a $16.50 target price on the stock. in a research report on Monday, May 12th. Zacks Research raised shares of TaskUs from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 20th. Finally, Baird R W lowered shares of TaskUs from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $18.00.

TaskUs Trading Up 1.1%

TaskUs stock opened at $18.18 on Friday. The company has a 50 day moving average price of $17.17 and a 200 day moving average price of $15.57. TaskUs, Inc. has a 52 week low of $10.57 and a 52 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 firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 26.35 and a beta of 2.16.

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.