TaskUs, Inc. (NASDAQ:TASK) Short Interest Update

Key Points

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TaskUs, Inc. (NASDAQ:TASK - Get Free Report) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 204,500 shares, adecreaseof39.7% from the July 15th total of 339,400 shares. Based on an average trading volume of 416,000 shares, the short-interest ratio is currently 0.5 days. Currently,0.3% of the company's stock are short sold. Currently,0.3% of the company's stock are short sold. Based on an average trading volume of 416,000 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On TaskUs

A number of institutional investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. acquired a new position in shares of TaskUs in the 1st quarter valued at about $63,000. New York State Common Retirement Fund acquired a new position in shares of TaskUs in the 2nd quarter valued at about $67,000. BNP Paribas Financial Markets acquired a new position in shares of TaskUs in the 4th quarter valued at about $80,000. Point72 Asset Management L.P. acquired a new position in shares of TaskUs in the 4th quarter valued at about $83,000. Finally, Quarry LP acquired a new position in shares of TaskUs in the 1st quarter valued at about $83,000. Institutional investors own 44.64% of the company's stock.

TaskUs Price Performance

TASK stock traded up $0.01 during midday trading on Friday, reaching $17.38. 280,626 shares of the stock were exchanged, compared to its average volume of 211,236. The stock has a market capitalization of $1.56 billion, a PE ratio of 25.19 and a beta of 2.16. TaskUs has a 52 week low of $10.57 and a 52 week high of $19.60. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.84 and a quick ratio of 2.84. The company has a fifty day moving average price of $16.99 and a 200 day moving average price of $15.44.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Baird R W cut TaskUs from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Zacks Research upgraded TaskUs from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. Robert W. Baird lowered TaskUs from an "outperform" rating to a "neutral" rating and set a $16.50 price objective on the stock. in a research note on Monday, May 12th. Royal Bank Of Canada lowered their price objective on TaskUs from $20.00 to $16.50 and set a "sector perform" rating on the stock in a research note on Monday, May 12th. Finally, William Blair lowered TaskUs from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, TaskUs presently has an average rating of "Moderate Buy" and a consensus price target of $17.40.

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.