Olympiad Research LP Makes New Investment in TaskUs, Inc. (NASDAQ:TASK)

Olympiad Research LP bought a new stake in shares of TaskUs, Inc. (NASDAQ:TASK) in the third quarter, Holdings Channel.com reports. The fund bought 11,054 shares of the company’s stock, valued at approximately $143,000.

A number of other large investors have also recently made changes to their positions in TASK. Janney Montgomery Scott LLC lifted its holdings in TaskUs by 53.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 107,950 shares of the company’s stock valued at $1,258,000 after buying an additional 37,505 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in shares of TaskUs by 26.5% during the first quarter. Lord Abbett & CO. LLC now owns 744,222 shares of the company’s stock valued at $8,670,000 after acquiring an additional 155,751 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of TaskUs by 145.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 120,920 shares of the company’s stock valued at $1,409,000 after acquiring an additional 71,621 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of TaskUs by 55.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,581 shares of the company’s stock valued at $74,000 after purchasing an additional 1,988 shares during the period. Finally, nVerses Capital LLC bought a new position in TaskUs in the second quarter worth approximately $28,000. 44.64% of the stock is owned by hedge funds and other institutional investors.

TaskUs Price Performance

TASK opened at $18.94 on Friday. The firm has a market capitalization of $1.68 billion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 3.87 and a beta of 2.28. The business’s 50-day moving average is $12.58 and its two-hundred day moving average is $13.58. TaskUs, Inc. has a 1 year low of $10.56 and a 1 year high of $19.60. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.23 and a quick ratio of 3.23.

TaskUs (NASDAQ:TASK) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. TaskUs had a net margin of 5.44% and a return on equity of 16.93%. The firm had revenue of $237.93 million for the quarter, compared to the consensus estimate of $231.15 million. Research analysts anticipate that TaskUs, Inc. will post 0.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TASK shares. Robert W. Baird lifted their target price on TaskUs from $16.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday. Citigroup lifted their price objective on TaskUs from $18.00 to $19.00 and gave the company a “buy” rating in a report on Monday, August 12th. Bank of America raised shares of TaskUs from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $12.00 to $18.00 in a research note on Monday, July 22nd. Royal Bank of Canada raised their target price on shares of TaskUs from $17.00 to $18.00 and gave the company a “sector perform” rating in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. reduced their price target on shares of TaskUs from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, September 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, TaskUs presently has an average rating of “Hold” and an average price target of $16.43.

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.