Massachusetts Financial Services Co. MA Grows Stock Position in TaskUs, Inc. (NASDAQ:TASK)

Massachusetts Financial Services Co. MA grew its holdings in shares of TaskUs, Inc. (NASDAQ:TASK) by 12.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 396,274 shares of the company’s stock after purchasing an additional 42,750 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in TaskUs were worth $5,120,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TASK. nVerses Capital LLC purchased a new stake in shares of TaskUs during the 2nd quarter valued at about $28,000. US Bancorp DE increased its holdings in TaskUs by 101.2% in the 3rd quarter. US Bancorp DE now owns 5,001 shares of the company’s stock worth $65,000 after acquiring an additional 2,516 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in TaskUs by 55.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,581 shares of the company’s stock worth $74,000 after acquiring an additional 1,988 shares in the last quarter. CWM LLC increased its holdings in TaskUs by 25,053.3% in the 3rd quarter. CWM LLC now owns 7,546 shares of the company’s stock worth $97,000 after acquiring an additional 7,516 shares in the last quarter. Finally, Olympiad Research LP purchased a new stake in TaskUs in the 3rd quarter worth approximately $143,000. Hedge funds and other institutional investors own 44.64% of the company’s stock.

TaskUs Stock Down 2.1 %

NASDAQ TASK opened at $14.81 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.02 and a current ratio of 3.02. The company has a market capitalization of $1.32 billion, a P/E ratio of 25.10, a P/E/G ratio of 3.84 and a beta of 2.28. TaskUs, Inc. has a one year low of $10.56 and a one year high of $19.60. The stock has a 50 day moving average price of $13.10 and a 200-day moving average price of $13.86.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TASK. Royal Bank of Canada increased their target price on shares of TaskUs from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Friday, August 9th. JPMorgan Chase & Co. dropped their price target on TaskUs from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. Robert W. Baird upped their price target on TaskUs from $16.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Citigroup upped their price target on TaskUs from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $16.43.

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.