ServiceTitan (NASDAQ:TTAN) Hits New 52-Week Low – What’s Next?

ServiceTitan Inc. (NASDAQ:TTAN) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $60.19 and last traded at $60.47, with a volume of 408888 shares changing hands. The stock had previously closed at $64.66.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. TD Cowen reaffirmed a “buy” rating on shares of ServiceTitan in a report on Friday, December 5th. The Goldman Sachs Group started coverage on shares of ServiceTitan in a research note on Tuesday, January 13th. They set a “neutral” rating and a $117.00 price target for the company. KeyCorp reiterated an “overweight” rating on shares of ServiceTitan in a report on Tuesday, December 16th. Weiss Ratings reiterated a “sell (e+)” rating on shares of ServiceTitan in a report on Monday, December 29th. Finally, UBS Group reiterated a “buy” rating on shares of ServiceTitan in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.13.

ServiceTitan Stock Down 9.3%

The stock has a market cap of $5.49 billion, a P/E ratio of -14.37 and a beta of -0.86. The company has a current ratio of 4.14, a quick ratio of 4.14 and a debt-to-equity ratio of 0.07. The stock’s fifty day moving average price is $95.73 and its 200 day moving average price is $99.46.

ServiceTitan (NASDAQ:TTAN) last announced its quarterly earnings data on Thursday, December 4th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.09. The firm had revenue of $249.16 million during the quarter, compared to the consensus estimate of $238.26 million. ServiceTitan had a negative return on equity of 10.96% and a negative net margin of 23.91%.The business’s revenue was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 earnings per share. As a group, research analysts forecast that ServiceTitan Inc. will post -1.98 earnings per share for the current fiscal year.

Insider Activity at ServiceTitan

In related news, CEO Ara Mahdessian sold 32,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $98.50, for a total value of $3,152,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Vahe Kuzoyan sold 16,388 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $100.62, for a total value of $1,648,960.56. Following the completion of the transaction, the president directly owned 1 shares in the company, valued at approximately $100.62. This represents a 99.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 217,204 shares of company stock valued at $22,772,799 in the last quarter. 51.72% of the stock is currently owned by corporate insiders.

Institutional Trading of ServiceTitan

Large investors have recently made changes to their positions in the business. Cloud Capital Management LLC bought a new stake in shares of ServiceTitan during the third quarter worth $25,000. Toth Financial Advisory Corp grew its stake in ServiceTitan by 150.0% during the 4th quarter. Toth Financial Advisory Corp now owns 250 shares of the company’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of ServiceTitan by 189.1% during the fourth quarter. Farther Finance Advisors LLC now owns 266 shares of the company’s stock worth $28,000 after purchasing an additional 174 shares during the last quarter. eCIO Inc. acquired a new position in ServiceTitan in the fourth quarter valued at approximately $30,000. Finally, Elevation Wealth Partners LLC purchased a new position in shares of ServiceTitan in the 4th quarter valued at about $36,000.

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.