Inspire Investing LLC Purchases 48,879 Shares of TaskUs, Inc. $TASK

Inspire Investing LLC boosted its position in shares of TaskUs, Inc. (NASDAQ:TASK) by 193.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,174 shares of the company’s stock after purchasing an additional 48,879 shares during the period. Inspire Investing LLC’s holdings in TaskUs were worth $1,243,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TASK. Harbor Capital Advisors Inc. bought a new position in TaskUs during the 1st quarter valued at about $63,000. Ritholtz Wealth Management purchased a new stake in TaskUs in the 1st quarter valued at about $236,000. Blue Trust Inc. boosted its position in TaskUs by 988.7% in the 1st quarter. Blue Trust Inc. now owns 18,257 shares of the company’s stock valued at $249,000 after buying an additional 16,580 shares during the period. Victory Capital Management Inc. boosted its position in TaskUs by 125.6% in the 1st quarter. Victory Capital Management Inc. now owns 25,023 shares of the company’s stock valued at $341,000 after buying an additional 13,933 shares during the period. Finally, Royce & Associates LP boosted its position in TaskUs by 6.4% in the 1st quarter. Royce & Associates LP now owns 790,289 shares of the company’s stock valued at $10,772,000 after buying an additional 47,610 shares during the period. 44.64% of the stock is currently owned by institutional investors.

TaskUs Trading Down 6.5%

NASDAQ:TASK opened at $13.73 on Friday. TaskUs, Inc. has a 52 week low of $11.26 and a 52 week high of $19.60. The firm has a 50 day moving average of $17.28 and a 200 day moving average of $16.17. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 19.90 and a beta of 2.15.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Robert W. Baird boosted their price objective on shares of TaskUs from $16.50 to $18.00 and gave the company a “neutral” rating in a research report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of TaskUs in a research report on Wednesday. Morgan Stanley cut shares of TaskUs from an “overweight” rating to an “equal weight” rating and lowered their price objective 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 research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, TaskUs has a consensus rating of “Hold” and an average target price of $17.25.

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.