Shares of TaskUs, Inc. (NASDAQ:TASK – Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $15.97, but opened at $18.00. TaskUs shares last traded at $17.92, with a volume of 163,235 shares.
Wall Street Analyst Weigh In
Several analysts recently weighed in on TASK shares. Morgan Stanley upgraded shares of TaskUs from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $18.00 to $21.00 in a research report on Friday. Robert W. Baird boosted their price objective on TaskUs from $16.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Bank of America raised TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. cut their target price on TaskUs from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, TaskUs has an average rating of “Hold” and an average target price of $17.00.
Get Our Latest Stock Analysis on TASK
TaskUs Stock Up 15.6 %
Hedge Funds Weigh In On TaskUs
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TASK. nVerses Capital LLC acquired a new stake in shares of TaskUs in the second quarter valued at $28,000. US Bancorp DE lifted its holdings in TaskUs by 101.2% in the 3rd quarter. US Bancorp DE now owns 5,001 shares of the company’s stock valued at $65,000 after acquiring an additional 2,516 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of TaskUs by 55.3% during the 2nd 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 in the last quarter. CWM LLC boosted its position in shares of TaskUs by 25,053.3% during the 3rd quarter. CWM LLC now owns 7,546 shares of the company’s stock valued at $97,000 after purchasing an additional 7,516 shares in the last quarter. Finally, Quantbot Technologies LP grew its stake in shares of TaskUs by 186.7% in the 3rd quarter. Quantbot Technologies LP now owns 9,428 shares of the company’s stock worth $122,000 after purchasing an additional 6,140 shares during the last quarter. 44.64% of the stock is 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.
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