TaskUs (NASDAQ:TASK) Given Hold (C) Rating at Weiss Ratings

TaskUs (NASDAQ:TASK)‘s stock had its “hold (c)” rating reiterated by Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other equities analysts also recently weighed in on the company. Zacks Research raised TaskUs from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 20th. Morgan Stanley downgraded TaskUs from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $21.00 to $16.50 in a research report on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, TaskUs has a consensus rating of “Hold” and a consensus price target of $16.88.

TaskUs Price Performance

Shares of NASDAQ TASK opened at $14.96 on Wednesday. The business’s 50 day moving average price is $17.39 and its two-hundred day moving average price is $16.14. The company has a market cap of $1.34 billion, a PE ratio of 21.68 and a beta of 2.15. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.42. TaskUs has a twelve month low of $10.57 and a twelve month high of $19.60.

Institutional Investors Weigh In On TaskUs

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in TaskUs by 0.3% during the second quarter. Geode Capital Management LLC now owns 205,442 shares of the company’s stock worth $3,444,000 after purchasing an additional 647 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of TaskUs by 1.3% during the second quarter. First Trust Advisors LP now owns 54,531 shares of the company’s stock worth $914,000 after buying an additional 716 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of TaskUs by 7.8% during the second quarter. Lazard Asset Management LLC now owns 18,522 shares of the company’s stock worth $308,000 after buying an additional 1,342 shares in the last quarter. Swiss National Bank increased its holdings in shares of TaskUs by 6.1% during the second quarter. Swiss National Bank now owns 34,700 shares of the company’s stock worth $582,000 after buying an additional 2,000 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of TaskUs by 4.9% during the second quarter. American Century Companies Inc. now owns 43,404 shares of the company’s stock worth $727,000 after buying an additional 2,045 shares in the last quarter. 44.64% of the stock is currently owned by institutional investors.

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.