Victory Capital Management Inc. Makes New $223,000 Investment in TaskUs, Inc. (NASDAQ:TASK)

Victory Capital Management Inc. bought a new position in TaskUs, Inc. (NASDAQ:TASK) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 17,240 shares of the company’s stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds have also bought and sold shares of TASK. nVerses Capital LLC acquired a new position in TaskUs in the 2nd quarter worth about $28,000. US Bancorp DE grew its position 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of TaskUs by 55.3% in 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 grew its position in shares of TaskUs by 25,053.3% in the 3rd quarter. CWM LLC now owns 7,546 shares of the company’s stock valued at $97,000 after buying an additional 7,516 shares during the last quarter. Finally, Olympiad Research LP bought a new stake in shares of TaskUs in the 3rd quarter valued at about $143,000. Institutional investors and hedge funds own 44.64% of the company’s stock.

TaskUs Trading Down 2.2 %

Shares of TaskUs stock opened at $14.66 on Friday. 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 52 week low of $10.56 and a 52 week high of $19.60. The stock has a 50 day moving average price of $13.28 and a two-hundred day moving average price of $13.88. The stock has a market capitalization of $1.31 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 3.88 and a beta of 2.28.

Analysts Set New Price Targets

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