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

Credit Industriel ET Commercial bought a new stake in TaskUs, Inc. (NASDAQ:TASK) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 86,356 shares of the company’s stock, valued at approximately $1,447,000. Credit Industriel ET Commercial owned about 0.10% of TaskUs at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Think Investments LP grew its stake in TaskUs by 12.9% in the first quarter. Think Investments LP now owns 3,253,358 shares of the company’s stock valued at $44,343,000 after purchasing an additional 371,845 shares during the last quarter. Royce & Associates LP grew its position in shares of TaskUs by 6.4% in the 1st quarter. Royce & Associates LP now owns 790,289 shares of the company’s stock worth $10,772,000 after buying an additional 47,610 shares during the last quarter. Dalton Investments Inc. grew its position in shares of TaskUs by 10.3% in the 1st quarter. Dalton Investments Inc. now owns 750,146 shares of the company’s stock worth $10,224,000 after buying an additional 69,900 shares during the last quarter. Tocqueville Asset Management L.P. purchased a new position in shares of TaskUs in the 1st quarter worth approximately $2,576,000. Finally, Goldman Sachs Group Inc. grew its holdings in TaskUs by 11.9% in the first quarter. Goldman Sachs Group Inc. now owns 183,889 shares of the company’s stock worth $2,506,000 after purchasing an additional 19,495 shares during the last quarter. Hedge funds and other institutional investors own 44.64% of the company’s stock.

Analysts Set New Price Targets

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

TaskUs Price Performance

Shares of TASK opened at $13.24 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.84 and a quick ratio of 2.84. The company’s fifty day moving average price is $17.20 and its 200-day moving average price is $16.18. The firm has a market capitalization of $1.19 billion, a PE ratio of 19.19 and a beta of 2.15. TaskUs, Inc. has a 1-year low of $11.26 and a 1-year high of $19.60.

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.