|Bid||28.80 x 1100|
|Ask||30.00 x 900|
|Day's range||26.57 - 34.20|
|52-week range||26.57 - 85.49|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||10 Nov 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||70.29|
There were plenty of big decliners on the Nasdaq on Thursday, but two of the worst were Peloton Interactive (NASDAQ: PTON) and TaskUs (NASDAQ: TASK). Peloton shares were down 24% on Thursday, bringing the total drop in the interactive fitness-equipment specialist's stock to more than 85% since late 2020 and early 2021. After all the setbacks that Peloton has suffered, today's seemed to introduce the most uncertainty about what the future will bring for the company.
Shares of TaskUs (NASDAQ: TASK) fell sharply on Thursday after the release of what's known as a short report. Spruce Point Capital Management believes TaskUs stock has 25% to 50% downside. Putting their money where their mouth is, Spruce Point Capital is short shares of TaskUs, meaning it will profit if the stock goes down.
Good afternoon, and thank you for joining the TaskUs third quarter 2021 earnings call. Joining me on the call today are Bryce Maddock, our co-founder and chief executive officer; and Balaji Sekar, our chief financial officer. Before we start, I would like to remind you that the following discussion contains forward-looking statements within the meaning of the federal securities laws, including, but not limited to, statements regarding TaskUs' future financial results and management's expectations and plans for the business.