TaskUs, Inc. (NASDAQ:TASK - Get Free Report) shares traded down 4.6% on Friday . The stock traded as low as $14.12 and last traded at $14.01. 109,867 shares were traded during mid-day trading, a decline of 73% from the average session volume of 410,436 shares. The stock had previously closed at $14.69.
Analyst Upgrades and Downgrades
Several research firms recently commented on TASK. Morgan Stanley lowered TaskUs from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $21.00 to $16.50 in a research note on Tuesday, September 9th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of TaskUs in a research report on Wednesday. Zacks Research raised shares of TaskUs from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 20th. Finally, Robert W. Baird upped their price objective on TaskUs from $16.50 to $18.00 and gave the stock a "neutral" rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $17.25.
View Our Latest Analysis on TASK
TaskUs Stock Down 7.1%
The firm's 50-day moving average price is $17.35 and its 200-day moving average price is $16.15. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 19.75 and a beta of 2.15. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.84 and a quick ratio of 2.84.
Institutional Investors Weigh In On TaskUs
A number of large investors have recently added to or reduced their stakes in TASK. Harbor Capital Advisors Inc. acquired a new stake in TaskUs during the 1st quarter valued at approximately $63,000. New York State Common Retirement Fund bought a new stake in shares of TaskUs during the second quarter valued at about $67,000. Quarry LP bought a new stake in TaskUs during the first quarter worth approximately $83,000. Voya Investment Management LLC acquired a new stake in shares of TaskUs during the first quarter valued at approximately $178,000. Finally, Invesco Ltd. acquired a new stake in TaskUs during the 1st quarter valued at $182,000. 44.64% of the stock is owned by institutional investors and hedge funds.
About TaskUs
(
Get Free Report)
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.
Further Reading
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