Credit Industriel ET Commercial Takes $1.45 Million Position in TaskUs, Inc. $TASK

Credit Industriel ET Commercial acquired a new stake in TaskUs, Inc. (NASDAQ:TASK) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 86,356 shares of the company’s stock, valued at approximately $1,447,000.

Other hedge funds also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new stake in TaskUs in the first quarter valued at $63,000. Quarry LP purchased a new stake in TaskUs during the first quarter worth $83,000. Voya Investment Management LLC purchased a new stake in TaskUs during the first quarter worth $178,000. Invesco Ltd. purchased a new stake in TaskUs during the first quarter worth $182,000. Finally, EntryPoint Capital LLC purchased a new stake in TaskUs during the first quarter worth $221,000. 44.64% of the stock is owned by hedge funds and other institutional investors.

TaskUs Trading Down 3.6%

Shares of TASK stock opened at $13.24 on Tuesday. The stock’s fifty day moving average is $17.20 and its two-hundred day moving average is $16.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.84 and a current ratio of 2.84. The firm has a market capitalization of $1.19 billion, a P/E ratio of 19.19 and a beta of 2.15. TaskUs, Inc. has a fifty-two week low of $11.26 and a fifty-two week high of $19.60.

Analyst Upgrades and Downgrades

TASK has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of TaskUs in a research note on Wednesday, October 8th. Robert W. Baird increased their target price on TaskUs from $16.50 to $18.00 and gave the company a “neutral” rating in a research report on Thursday. Morgan Stanley lowered TaskUs from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $21.00 to $16.50 in a research report on Tuesday, September 9th. Finally, Zacks Research raised shares of TaskUs from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, TaskUs presently has an average rating of “Hold” and an average target price of $17.25.

TaskUs 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.