TaskUs, Inc. (NASDAQ:TASK) Stock Holdings Boosted by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA grew its position in TaskUs, Inc. (NASDAQ:TASK - Free Report) by 12.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 396,274 shares of the company's stock after acquiring an additional 42,750 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.45% of TaskUs worth $5,120,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. nVerses Capital LLC acquired a new position in TaskUs in the second quarter worth $28,000. US Bancorp DE boosted its holdings in shares of TaskUs by 101.2% in the 3rd quarter. US Bancorp DE now owns 5,001 shares of the company's stock valued at $65,000 after buying an additional 2,516 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of TaskUs by 55.3% during the 2nd 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 last quarter. CWM LLC raised its stake in TaskUs by 25,053.3% during the third quarter. CWM LLC now owns 7,546 shares of the company's stock worth $97,000 after acquiring an additional 7,516 shares during the period. Finally, Olympiad Research LP acquired a new stake in TaskUs during the third quarter worth about $143,000. 44.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TASK has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their target price on TaskUs from $17.00 to $15.00 and set a "neutral" rating for the company in a report on Friday, September 6th. Citigroup increased their target price on TaskUs from $18.00 to $19.00 and gave the stock a "buy" rating in a research report on Monday, August 12th. Robert W. Baird boosted their price target on shares of TaskUs from $16.00 to $20.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Finally, Royal Bank of Canada increased their price objective 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, TaskUs currently has an average rating of "Hold" and an average target price of $16.43.

TaskUs Price Performance

Shares of TASK opened at $14.81 on Wednesday. The stock's fifty day moving average is $13.10 and its 200-day moving average is $13.86. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 3.91 and a beta of 2.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.02 and a current ratio of 3.02. TaskUs, Inc. has a one year low of $10.56 and a one year high of $19.60.

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.