ServiceTitan (NASDAQ:TTAN) Price Target Cut to $105.00 by Analysts at BTIG Research

ServiceTitan (NASDAQ:TTAN) had its price objective lowered by stock analysts at BTIG Research from $130.00 to $105.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s price objective indicates a potential upside of 33.78% from the stock’s previous close.

TTAN has been the topic of a number of other research reports. Piper Sandler cut their price objective on shares of ServiceTitan from $140.00 to $120.00 and set an “overweight” rating on the stock in a report on Monday, February 2nd. The Goldman Sachs Group started coverage on ServiceTitan in a research note on Tuesday, January 13th. They issued a “neutral” rating and a $117.00 price target on the stock. UBS Group reaffirmed a “buy” rating on shares of ServiceTitan in a research report on Monday, December 1st. KeyCorp reissued an “overweight” rating on shares of ServiceTitan in a report on Tuesday, December 16th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of ServiceTitan in a research note on Monday, December 29th. Fourteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $130.50.

ServiceTitan Trading Up 0.8%

NASDAQ TTAN opened at $78.49 on Thursday. The firm has a market capitalization of $7.35 billion, a PE ratio of -19.24 and a beta of -0.72. The stock’s 50 day moving average is $80.65 and its 200 day moving average is $93.93. ServiceTitan has a twelve month low of $58.01 and a twelve month high of $131.33. The company has a quick ratio of 4.14, a current ratio of 4.14 and a debt-to-equity ratio of 0.07.

Insider Buying and Selling

In related news, President Vahe Kuzoyan sold 16,388 shares of the company’s stock in a transaction that occurred 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 sale, the president owned 1 shares in the company, valued at $100.62. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David Sherry sold 833 shares of the stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $91.30, for a total transaction of $76,052.90. Following the completion of the sale, the chief financial officer owned 330,948 shares in the company, valued at $30,215,552.40. The trade was a 0.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 85,180 shares of company stock worth $8,620,383 in the last three months. 51.72% of the stock is owned by company insiders.

Institutional Investors Weigh In On ServiceTitan

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cloud Capital Management LLC acquired a new position in ServiceTitan in the third quarter valued at approximately $25,000. Toth Financial Advisory Corp lifted its stake in shares of ServiceTitan by 150.0% in 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 period. Farther Finance Advisors LLC boosted its holdings in 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 buying an additional 174 shares in the last quarter. eCIO Inc. purchased a new position in ServiceTitan in the fourth quarter valued at $30,000. Finally, Elevation Wealth Partners LLC acquired a new position in shares of ServiceTitan in the fourth quarter worth 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.