TaskUs, Inc. (NASDAQ:TASK) Short Interest Down 25.3% in May

TaskUs, Inc. (NASDAQ:TASK - Get Free Report) saw a significant decline in short interest in May. As of May 31st, there was short interest totalling 653,200 shares, a decline of 25.3% from the May 15th total of 874,700 shares. Currently, 1.0% of the company's stock are sold short. Based on an average daily trading volume, of 478,300 shares, the short-interest ratio is presently 1.4 days.

TaskUs Stock Performance

Shares of TaskUs stock opened at $16.68 on Wednesday. The company has a 50 day moving average price of $15.26 and a 200 day moving average price of $15.22. The firm has a market capitalization of $1.48 billion, a P/E ratio of 27.34 and a beta of 2.19. The company has a quick ratio of 2.87, a current ratio of 2.87 and a debt-to-equity ratio of 0.45. TaskUs has a 52 week low of $10.57 and a 52 week high of $19.60.

Institutional Trading of TaskUs

Large investors have recently bought and sold shares of the stock. Blue Trust Inc. lifted its stake in shares of TaskUs by 71.5% during the fourth quarter. Blue Trust Inc. now owns 1,677 shares of the company's stock worth $28,000 after buying an additional 699 shares during the period. Lazard Asset Management LLC raised its stake in TaskUs by 9.6% in the 4th quarter. Lazard Asset Management LLC now owns 9,972 shares of the company's stock worth $167,000 after acquiring an additional 873 shares during the last quarter. PDT Partners LLC lifted its position in TaskUs by 6.8% during the 4th quarter. PDT Partners LLC now owns 45,189 shares of the company's stock worth $766,000 after acquiring an additional 2,893 shares during the period. American Century Companies Inc. grew its stake in TaskUs by 11.6% during the 4th quarter. American Century Companies Inc. now owns 36,888 shares of the company's stock valued at $625,000 after purchasing an additional 3,841 shares during the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of TaskUs in the first quarter valued at about $63,000. Hedge funds and other institutional investors own 44.64% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on TASK. William Blair cut TaskUs from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Baird R W cut shares of TaskUs from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. Royal Bank Of Canada cut their price objective on shares of TaskUs from $20.00 to $16.50 and set a "sector perform" rating on the stock in a research report on Monday, May 12th. Finally, Robert W. Baird cut shares of TaskUs from an "outperform" rating to a "neutral" rating and set a $16.50 target price for the company. in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $16.86.

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.

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