GSA Capital Partners LLP Sells 15,896 Shares of TaskUs, Inc. (NASDAQ:TASK)

GSA Capital Partners LLP lowered its position in shares of TaskUs, Inc. (NASDAQ:TASK) by 15.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,003 shares of the company’s stock after selling 15,896 shares during the period. GSA Capital Partners LLP owned about 0.10% of TaskUs worth $1,124,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. nVerses Capital LLC bought a new stake in TaskUs in the 2nd quarter worth approximately $28,000. US Bancorp DE raised its stake in shares of TaskUs by 101.2% during the third quarter. US Bancorp DE now owns 5,001 shares of the company’s stock worth $65,000 after acquiring an additional 2,516 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of TaskUs by 55.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,581 shares of the company’s stock worth $74,000 after acquiring an additional 1,988 shares during the last quarter. CWM LLC boosted its stake in shares of TaskUs by 25,053.3% in the 3rd quarter. CWM LLC now owns 7,546 shares of the company’s stock valued at $97,000 after purchasing an additional 7,516 shares in the last quarter. Finally, Olympiad Research LP bought a new position in shares of TaskUs during the 3rd quarter valued at $143,000. 44.64% of the stock is currently owned by institutional investors.

TaskUs Price Performance

Shares of TaskUs stock opened at $13.88 on Friday. The company has a market cap of $1.23 billion, a PE ratio of 25.08, a P/E/G ratio of 3.87 and a beta of 2.28. The business has a 50 day moving average of $12.81 and a 200 day moving average of $13.72. TaskUs, Inc. has a 52 week low of $10.56 and a 52 week high of $19.60. The company has a quick ratio of 3.23, a current ratio of 3.02 and a debt-to-equity ratio of 0.50.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TASK. Bank of America raised shares of TaskUs from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $12.00 to $18.00 in a research note on Monday, July 22nd. JPMorgan Chase & Co. dropped their target price on TaskUs from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, September 6th. Royal Bank of Canada boosted their price objective on TaskUs from $17.00 to $18.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. Citigroup raised their target price on shares of TaskUs from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, Robert W. Baird upped their price target on shares of TaskUs from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $16.43.

About TaskUs

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.