ServiceTitan Inc. (NASDAQ:TTAN) Receives $109.47 Consensus Target Price from Brokerages

Shares of ServiceTitan Inc. (NASDAQ:TTAN) have received a consensus recommendation of “Moderate Buy” from the nineteen research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $107.80.

Several equities research analysts have recently commented on TTAN shares. Truist Financial decreased their target price on shares of ServiceTitan from $130.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, March 13th. KeyCorp reissued an “overweight” rating on shares of ServiceTitan in a research report on Tuesday. Stifel Nicolaus set a $125.00 target price on shares of ServiceTitan in a research report on Wednesday. BMO Capital Markets decreased their target price on shares of ServiceTitan from $108.00 to $92.00 and set an “outperform” rating for the company in a research report on Friday, March 13th. Finally, Canaccord Genuity Group decreased their target price on shares of ServiceTitan from $140.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, March 13th.

Insider Buying and Selling at ServiceTitan

In other news, President Vahe Kuzoyan sold 3,220 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $69.86, for a total transaction of $224,949.20. Following the completion of the sale, the president directly owned 1 shares of the company’s stock, valued at $69.86. The trade was a 99.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO David Sherry sold 17,778 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $69.86, for a total transaction of $1,241,971.08. Following the completion of the sale, the chief financial officer directly owned 313,025 shares of the company’s stock, valued at $21,867,926.50. The trade was a 5.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 33,440 shares of company stock valued at $2,281,468. Insiders own 39.89% of the company’s stock.

Institutional Investors Weigh In On ServiceTitan

A number of institutional investors have recently added to or reduced their stakes in the company. Woodline Partners LP grew its position in ServiceTitan by 4.6% in the 1st quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock worth $204,000 after purchasing an additional 95 shares in the last quarter. PNC Financial Services Group Inc. grew its position in ServiceTitan by 16.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 858 shares of the company’s stock worth $87,000 after purchasing an additional 119 shares in the last quarter. Toth Financial Advisory Corp grew its position in ServiceTitan by 150.0% in the 4th quarter. Toth Financial Advisory Corp now owns 250 shares of the company’s stock worth $27,000 after purchasing an additional 150 shares in the last quarter. Farther Finance Advisors LLC grew its position in ServiceTitan by 189.1% in the 4th quarter. Farther Finance Advisors LLC now owns 266 shares of the company’s stock worth $28,000 after purchasing an additional 174 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in ServiceTitan by 30.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 906 shares of the company’s stock worth $96,000 after purchasing an additional 209 shares in the last quarter.

ServiceTitan Trading Up 0.9%

TTAN opened at $63.29 on Thursday. ServiceTitan has a 1-year low of $54.17 and a 1-year high of $123.39. The company has a market cap of $6.03 billion, a P/E ratio of -36.80 and a beta of -0.23. The company has a fifty day moving average price of $62.33 and a two-hundred day moving average price of $78.85.

ServiceTitan (NASDAQ:TTAN) last posted its earnings results on Thursday, March 12th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.18 by $0.09. The company had revenue of $253.99 million during the quarter, compared to the consensus estimate of $245.47 million. ServiceTitan had a negative net margin of 16.64% and a negative return on equity of 6.86%. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 earnings per share. On average, research analysts forecast that ServiceTitan will post -0.62 EPS for the current fiscal year.

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.