Victory Capital Management Inc. Purchases New Shares in TaskUs, Inc. (NASDAQ:TASK)

Victory Capital Management Inc. purchased a new stake in TaskUs, Inc. (NASDAQ:TASK) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 17,240 shares of the company’s stock, valued at approximately $223,000.

Other institutional investors have also added to or reduced their stakes in the company. nVerses Capital LLC bought a new stake in TaskUs in the 2nd quarter valued at $28,000. US Bancorp DE raised its holdings in 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 acquiring an additional 2,516 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised 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 valued at $74,000 after acquiring an additional 1,988 shares in the last quarter. CWM LLC raised its holdings in 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 acquiring an additional 7,516 shares in the last quarter. Finally, Olympiad Research LP acquired a new position in TaskUs in the 3rd quarter valued at $143,000. 44.64% of the stock is currently owned by institutional investors.

TaskUs Price Performance

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 market capitalization of $1.31 billion, a P/E ratio of 24.85, a price-to-earnings-growth ratio of 3.88 and a beta of 2.28. The stock has a fifty day moving average of $13.28 and a 200-day moving average of $13.88.

Wall Street Analysts Forecast Growth

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

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.