CenterBook Partners LP Makes New $2.81 Million Investment in TaskUs, Inc. $TASK

CenterBook Partners LP bought a new position in TaskUs, Inc. (NASDAQ:TASK) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 157,224 shares of the company’s stock, valued at approximately $2,806,000. CenterBook Partners LP owned about 0.17% of TaskUs at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of TaskUs by 0.3% in the second quarter. Geode Capital Management LLC now owns 205,442 shares of the company’s stock worth $3,444,000 after buying an additional 647 shares in the last quarter. First Trust Advisors LP raised its holdings in TaskUs by 1.3% in the 2nd quarter. First Trust Advisors LP now owns 54,531 shares of the company’s stock worth $914,000 after acquiring an additional 716 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in TaskUs by 21.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 4,994 shares of the company’s stock valued at $89,000 after purchasing an additional 896 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of TaskUs by 7.8% in the 2nd quarter. Lazard Asset Management LLC now owns 18,522 shares of the company’s stock worth $308,000 after purchasing an additional 1,342 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of TaskUs by 6.1% in the 2nd quarter. Swiss National Bank now owns 34,700 shares of the company’s stock worth $582,000 after purchasing an additional 2,000 shares in the last quarter. 44.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TASK has been the topic of several recent analyst reports. Wall Street Zen raised TaskUs to a “strong-buy” rating in a research report on Saturday, January 17th. Royal Bank Of Canada lifted their price target on shares of TaskUs from $16.50 to $17.00 and gave the stock a “sector perform” rating in a research note on Monday, November 10th. The Goldman Sachs Group raised TaskUs to a “strong sell” rating in a report on Monday, November 10th. Zacks Research downgraded TaskUs from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Finally, Wedbush initiated coverage on TaskUs in a research report on Tuesday, February 3rd. They set an “outperform” rating and a $15.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $16.63.

TaskUs Price Performance

Shares of NASDAQ:TASK opened at $10.37 on Friday. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.40. The firm’s 50 day moving average is $11.21 and its two-hundred day moving average is $13.70. The firm has a market capitalization of $937.66 million, a P/E ratio of 11.65 and a beta of 2.12. TaskUs, Inc. has a 52 week low of $9.55 and a 52 week high of $18.59.

TaskUs Company Profile

TaskUs, Inc is a leading provider of outsourced digital customer experience and business process solutions, specializing in high-touch services for technology and digital-native companies. The firm delivers a range of offerings including customer care, content moderation, trust and safety monitoring, back-office processing and AI operations support. By combining technology-driven platforms with human-centric workflows, TaskUs helps clients optimize operational efficiency and maintain brand integrity across digital channels.

The company was founded in 2008 by Jaspar Weir and Bryce Maddock with the goal of reimagining traditional outsourcing through a focus on culture, technology and innovation.