ServiceTitan (TTAN) Projected to Post Quarterly Earnings on Monday

ServiceTitan (NASDAQ:TTAN) is projected to issue its results after the market closes on Monday, January 12th. Analysts expect the company to announce earnings of $0.15 per share for the quarter.

ServiceTitan (NASDAQ:TTAN) last announced its quarterly earnings data on Thursday, December 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.09. ServiceTitan had a negative return on equity of 10.96% and a negative net margin of 23.91%.The company had revenue of $249.16 million during the quarter, compared to the consensus estimate of $238.26 million. During the same period in the previous year, the company posted $0.75 EPS. The firm’s revenue was up 25.0% on a year-over-year basis. On average, analysts expect ServiceTitan to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

ServiceTitan Price Performance

NASDAQ TTAN opened at $109.23 on Friday. ServiceTitan has a 12 month low of $79.81 and a 12 month high of $131.33. The stock has a market cap of $10.23 billion and a price-to-earnings ratio of -26.77. The company’s 50 day moving average is $98.59 and its two-hundred day moving average is $103.81. The company has a current ratio of 4.14, a quick ratio of 4.14 and a debt-to-equity ratio of 0.07.

Insider Transactions at ServiceTitan

In other ServiceTitan news, CEO Ara Mahdessian sold 88,525 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $107.56, for a total transaction of $9,521,749.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Vahe Kuzoyan sold 16,388 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $92.03, for a total value of $1,508,187.64. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 355,910 shares of company stock valued at $35,455,341. Company insiders own 51.72% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace LLP boosted its stake in shares of ServiceTitan by 112.4% during the 3rd quarter. Marshall Wace LLP now owns 885,643 shares of the company’s stock worth $89,299,000 after purchasing an additional 468,588 shares during the period. Greenoaks Capital Partners LLC boosted its position in shares of ServiceTitan by 7.4% during the second quarter. Greenoaks Capital Partners LLC now owns 850,933 shares of the company’s stock valued at $91,203,000 after buying an additional 58,309 shares during the period. Atreides Management LP purchased a new position in shares of ServiceTitan during the second quarter valued at approximately $68,679,000. Alliancebernstein L.P. grew its stake in shares of ServiceTitan by 21.6% during the third quarter. Alliancebernstein L.P. now owns 594,341 shares of the company’s stock valued at $59,927,000 after buying an additional 105,745 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new stake in shares of ServiceTitan in the third quarter worth approximately $58,836,000.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Stifel Nicolaus raised their price objective on shares of ServiceTitan from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Canaccord Genuity Group increased their price target on ServiceTitan from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. BMO Capital Markets boosted their price objective on ServiceTitan from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, December 5th. KeyCorp reaffirmed an “overweight” rating on shares of ServiceTitan in a research note on Tuesday, December 16th. Finally, Cowen reissued a “buy” rating on shares of ServiceTitan in a research note on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, ServiceTitan has a consensus rating of “Moderate Buy” and a consensus price target of $136.53.

ServiceTitan Company Profile

ServiceTitan, Inc (NASDAQ: TTAN) is a cloud-based software provider specializing in end-to-end business management solutions for residential and commercial trade contractors. The company’s platform integrates customer relationship management, scheduling and dispatch, mobile workforce management, invoicing, payments and reporting tools into a single suite. By automating key back-office processes, ServiceTitan helps field service businesses improve operational efficiency, enhance customer experience and drive revenue growth.

At the core of ServiceTitan’s offering is a mobile application that allows technicians to access job details, update work orders, capture signatures and process payments from the field.