260,757 Shares in TaskUs, Inc. $TASK Bought by Alpine Associates Management Inc.

Alpine Associates Management Inc. purchased a new position in TaskUs, Inc. (NASDAQ:TASK) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 260,757 shares of the company’s stock, valued at approximately $4,370,000. Alpine Associates Management Inc. owned 0.29% of TaskUs as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TASK. Quarry LP acquired a new position in shares of TaskUs in the 1st quarter worth approximately $83,000. Voya Investment Management LLC acquired a new stake in TaskUs in the 1st quarter valued at about $178,000. Invesco Ltd. acquired a new stake in shares of TaskUs in the first quarter valued at approximately $182,000. EntryPoint Capital LLC bought a new position in TaskUs in the 1st quarter worth approximately $221,000. Finally, PharVision Advisers LLC bought a new position in TaskUs in the 1st quarter valued at $235,000. Institutional investors own 44.64% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Morgan Stanley cut shares of TaskUs from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $21.00 to $16.50 in a research report on Tuesday, September 9th. Baird R W raised shares of TaskUs from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of TaskUs in a report on Wednesday, October 8th. Robert W. Baird boosted their price objective on shares of TaskUs from $16.50 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Finally, Zacks Research upgraded shares of TaskUs from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.25.

TaskUs Stock Performance

Shares of TASK stock opened at $13.34 on Monday. TaskUs, Inc. has a 52 week low of $11.26 and a 52 week high of $19.60. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 19.33 and a beta of 2.12. The company has a 50-day simple moving average of $16.20 and a 200 day simple moving average of $16.29. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.84 and a current ratio of 2.84.

TaskUs Company 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.