ServiceTitan Inc. (NASDAQ:TTAN) Receives $133.13 Average PT from Analysts

ServiceTitan Inc. (NASDAQ:TTAN) has been given a consensus recommendation of “Moderate Buy” by the nineteen ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, thirteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $133.1250.

TTAN has been the topic of a number of research reports. BTIG Research assumed coverage on ServiceTitan in a research note on Tuesday, December 16th. They issued a “buy” rating and a $130.00 price target on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of ServiceTitan in a research report on Monday, December 29th. Wells Fargo & Company cut their price target on ServiceTitan from $140.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. Morgan Stanley upped their price target on shares of ServiceTitan from $118.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, December 5th. Finally, BMO Capital Markets raised their price objective on shares of ServiceTitan from $115.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, December 5th.

ServiceTitan Stock Performance

Shares of TTAN stock opened at $61.18 on Tuesday. The company has a 50 day moving average price of $94.39 and a 200-day moving average price of $98.93. ServiceTitan has a 52 week low of $58.01 and a 52 week high of $131.33. The firm has a market capitalization of $5.73 billion, a PE ratio of -15.00 and a beta of -0.86. The company has a quick ratio of 4.14, a current ratio of 4.14 and a debt-to-equity ratio of 0.07.

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

Insider Buying and Selling at ServiceTitan

In other news, President Vahe Kuzoyan sold 16,388 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $102.82, for a total transaction of $1,685,014.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ara Mahdessian sold 88,525 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $107.56, for a total value of $9,521,749.00. 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 over the last three months. Insiders own 51.72% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TTAN. Federation des caisses Desjardins du Quebec raised its stake in ServiceTitan by 48.9% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,046 shares of the company’s stock worth $431,000 after acquiring an additional 1,329 shares during the period. MetLife Investment Management LLC increased its stake in shares of ServiceTitan by 81.0% in the fourth quarter. MetLife Investment Management LLC now owns 1,276 shares of the company’s stock worth $136,000 after purchasing an additional 571 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of ServiceTitan by 44.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,736 shares of the company’s stock valued at $398,000 after buying an additional 1,144 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of ServiceTitan during the 4th quarter valued at $474,000. Finally, New York State Common Retirement Fund boosted its holdings in ServiceTitan by 41.8% in the 4th quarter. New York State Common Retirement Fund now owns 160,693 shares of the company’s stock worth $17,114,000 after buying an additional 47,348 shares during the period.

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.