ServiceTitan Inc. (NASDAQ:TTAN) Receives $135.31 Consensus PT from Analysts

Shares of ServiceTitan Inc. (NASDAQ:TTAN) have been assigned an average recommendation of “Moderate Buy” from the nineteen research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $135.3125.

A number of equities research analysts have recently commented on the company. Morgan Stanley raised their target price on ServiceTitan from $118.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, December 5th. UBS Group restated a “buy” rating on shares of ServiceTitan in a research report on Monday, December 1st. Piper Sandler cut their price target on shares of ServiceTitan from $155.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, December 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of ServiceTitan in a research report on Monday, December 29th. Finally, TD Cowen reaffirmed a “buy” rating on shares of ServiceTitan in a research report on Friday, December 5th.

Insider Activity

In other news, CAO Michele O’connor sold 1,678 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $105.30, for a total transaction of $176,693.40. Following the completion of the transaction, the chief accounting officer directly owned 89,571 shares of the company’s stock, valued at approximately $9,431,826.30. This represents a 1.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Vahe Kuzoyan sold 16,388 shares of the firm’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 transaction of $1,648,960.56. Following the sale, the president directly owned 1 shares in the company, valued at approximately $100.62. The trade was a 99.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 355,202 shares of company stock worth $35,405,269 in the last ninety days. 51.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TTAN. Cloud Capital Management LLC acquired a new position in ServiceTitan in the third quarter valued at $25,000. Toth Financial Advisory Corp lifted its stake in shares of ServiceTitan by 150.0% in the fourth 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. eCIO Inc. acquired a new stake in shares of ServiceTitan in the 4th quarter worth approximately $30,000. Elevation Wealth Partners LLC acquired a new position in shares of ServiceTitan during the 4th quarter worth $36,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of ServiceTitan by 1,005.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company’s stock valued at $46,000 after purchasing an additional 392 shares during the last quarter.

ServiceTitan Stock Up 2.9%

NASDAQ:TTAN opened at $90.59 on Friday. The company’s fifty day moving average price is $98.81 and its 200-day moving average price is $102.94. The firm has a market capitalization of $8.48 billion and a P/E ratio of -22.20. ServiceTitan has a 1-year low of $79.81 and a 1-year high of $131.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.14 and a quick ratio of 4.14.

ServiceTitan (NASDAQ:TTAN) last issued its earnings results on Thursday, December 4th. The company reported $0.24 EPS for the quarter, topping 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 firm 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 business earned $0.75 earnings per share. The company’s revenue was up 25.0% compared to the same quarter last year. As a group, equities research analysts anticipate that ServiceTitan will post -1.98 EPS for the current 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.