TaskUs (NASDAQ:TASK) Upgraded to “Overweight” at Morgan Stanley

Morgan Stanley upgraded shares of TaskUs (NASDAQ:TASK) from an equal weight rating to an overweight rating in a report issued on Friday morning, Marketbeat Ratings reports. They currently have $21.00 target price on the stock, up from their previous target price of $18.00.

TASK has been the topic of several other reports. Robert W. Baird boosted their price objective on shares of TaskUs from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, November 8th. JPMorgan Chase & Co. reduced their price target on shares of TaskUs from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, September 6th. Finally, Bank of America raised shares of TaskUs from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $17.00.

TaskUs Trading Up 15.6 %

Shares of TaskUs stock opened at $18.46 on Friday. TaskUs has a fifty-two week low of $10.56 and a fifty-two week high of $19.60. The stock has a 50 day moving average of $13.99 and a 200 day moving average of $13.96. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 31.29, a PEG ratio of 4.67 and a beta of 2.31. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.02 and a current ratio of 3.02.

Institutional Investors Weigh In On TaskUs

Large investors have recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new position in shares of TaskUs in the second quarter worth $28,000. US Bancorp DE boosted its holdings in TaskUs by 101.2% in the third quarter. US Bancorp DE now owns 5,001 shares of the company’s stock valued at $65,000 after purchasing an additional 2,516 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in TaskUs by 55.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,581 shares of the company’s stock worth $74,000 after purchasing an additional 1,988 shares in the last quarter. CWM LLC grew its stake in TaskUs by 25,053.3% during the 3rd quarter. CWM LLC now owns 7,546 shares of the company’s stock worth $97,000 after purchasing an additional 7,516 shares in the last quarter. Finally, Quantbot Technologies LP increased its holdings in TaskUs by 186.7% during 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 period. 44.64% of the stock is owned by hedge funds and other institutional investors.

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.