ServiceTitan (NASDAQ:TTAN) Price Target Lowered to $108.00 at BMO Capital Markets

ServiceTitan (NASDAQ:TTAN) had its target price cut by BMO Capital Markets from $125.00 to $108.00 in a report released on Thursday, MarketBeat.com reports. They currently have an outperform rating on the stock.

Other research analysts also recently issued research reports about the company. Wells Fargo & Company lowered their target price on ServiceTitan from $140.00 to $125.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. UBS Group reiterated a “buy” rating on shares of ServiceTitan in a report on Monday, December 1st. Piper Sandler lowered their price target on ServiceTitan from $140.00 to $120.00 and set an “overweight” rating for the company in a research note on Monday, February 2nd. BTIG Research assumed coverage on ServiceTitan in a report on Tuesday, December 16th. They issued a “buy” rating and a $130.00 price objective on the stock. Finally, KeyCorp reaffirmed an “overweight” rating on shares of ServiceTitan in a research report on Tuesday, December 16th. One 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 assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $132.06.

ServiceTitan Stock Up 1.4%

TTAN stock opened at $78.26 on Thursday. The company has a 50 day moving average of $82.84 and a two-hundred day moving average of $94.68. The company has a market cap of $7.33 billion, a price-to-earnings ratio of -19.18 and a beta of -0.72. ServiceTitan has a 12-month low of $58.01 and a 12-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.

ServiceTitan (NASDAQ:TTAN) last posted its quarterly earnings results on Thursday, December 4th. The company reported $0.24 earnings per share for the quarter, topping 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 business had revenue of $249.16 million for the quarter, compared to the consensus estimate of $238.26 million. During the same period in the prior year, the business posted $0.75 earnings per share. ServiceTitan’s revenue for the quarter was up 25.0% compared to the same quarter last year. On average, equities analysts anticipate that ServiceTitan will post -1.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ServiceTitan news, CAO Michele O’connor sold 1,678 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $105.30, for a total transaction of $176,693.40. Following the transaction, the chief accounting officer owned 89,571 shares in the company, valued at $9,431,826.30. This trade represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ara Mahdessian sold 32,000 shares of ServiceTitan stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $98.50, for a total transaction of $3,152,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 216,371 shares of company stock worth $22,700,994 over the last ninety days. Company insiders own 51.72% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Woodline Partners LP boosted its holdings in ServiceTitan by 4.6% during the first quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock valued at $204,000 after acquiring an additional 95 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of ServiceTitan by 16.1% during 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 during the last quarter. Toth Financial Advisory Corp lifted its position in shares of ServiceTitan by 150.0% during 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 during the last quarter. Farther Finance Advisors LLC boosted its stake in ServiceTitan by 189.1% during the 4th quarter. Farther Finance Advisors LLC now owns 266 shares of the company’s stock valued at $28,000 after purchasing an additional 174 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in ServiceTitan by 30.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 906 shares of the company’s stock valued at $96,000 after buying an additional 209 shares during the last quarter.

About ServiceTitan

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.