TaskUs (NASDAQ:TASK) Shares Gap Down to $15.45

TaskUs, Inc. (NASDAQ:TASK) gapped down before the market opened on Monday . The stock had previously closed at $15.45, but opened at $14.34. TaskUs shares last traded at $14.57, with a volume of 197,812 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TASK. The Goldman Sachs Group started coverage on shares of TaskUs in a research note on Monday, June 24th. They issued a “sell” rating and a $12.00 target price on the stock. Bank of America raised shares of TaskUs from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $12.00 to $18.00 in a research note on Monday, July 22nd. Robert W. Baird lifted their target price on shares of TaskUs from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, July 11th. Citigroup boosted their target price on TaskUs from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Monday. Finally, Royal Bank of Canada raised their price target on TaskUs from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Friday. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $15.13.

TaskUs Stock Down 11.3 %

The firm’s 50-day moving average is $14.71 and its two-hundred day moving average is $13.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 3.36 and a current ratio of 3.36. The stock has a market cap of $1.21 billion, a P/E ratio of 28.31, a PEG ratio of 5.76 and a beta of 2.33.

Institutional Investors Weigh In On TaskUs

A number of institutional investors and hedge funds have recently made changes to their positions in TASK. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in TaskUs by 55.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,581 shares of the company’s stock valued at $74,000 after buying an additional 1,988 shares during the period. nVerses Capital LLC bought a new stake in shares of TaskUs during the 2nd quarter valued at $28,000. Hsbc Holdings PLC lifted its stake in shares of TaskUs by 19.7% in the 2nd quarter. Hsbc Holdings PLC now owns 16,885 shares of the company’s stock valued at $225,000 after purchasing an additional 2,779 shares during the period. American Century Companies Inc. boosted its position in shares of TaskUs by 11.4% in the 2nd quarter. American Century Companies Inc. now owns 27,976 shares of the company’s stock worth $372,000 after purchasing an additional 2,863 shares during the last quarter. Finally, Quarry LP grew its stake in shares of TaskUs by 326.6% during the fourth quarter. Quarry LP now owns 4,321 shares of the company’s stock worth $56,000 after purchasing an additional 3,308 shares during the period. Institutional investors own 44.64% of the company’s stock.

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.