ServiceTitan Inc. (NASDAQ:TTAN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of ServiceTitan Inc. (NASDAQ:TTAN) have received an average rating of “Moderate Buy” from the nineteen brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $133.1250.

Several equities research analysts recently commented on TTAN shares. Wells Fargo & Company cut their price target on shares of ServiceTitan from $140.00 to $125.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. The Goldman Sachs Group assumed coverage on shares of ServiceTitan in a research note on Tuesday, January 13th. They issued a “neutral” rating and a $117.00 price target on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of ServiceTitan in a report on Monday, December 29th. 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. Finally, TD Cowen reissued a “buy” rating on shares of ServiceTitan in a research note on Friday, December 5th.

ServiceTitan Price Performance

NASDAQ:TTAN opened at $62.74 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.14 and a quick ratio of 4.14. The company has a 50 day moving average price of $93.53 and a 200-day moving average price of $98.41. ServiceTitan has a 1-year low of $58.01 and a 1-year high of $131.33. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of -15.38 and a beta of -0.86.

ServiceTitan (NASDAQ:TTAN) last released its quarterly earnings results on Thursday, December 4th. The company reported $0.24 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $238.26 million. During the same quarter last year, the business earned $0.75 earnings per share. The firm’s revenue was up 25.0% on a year-over-year basis. Equities research analysts forecast that ServiceTitan will post -1.98 EPS for the current year.

Insider Buying and Selling at ServiceTitan

In related news, President Vahe Kuzoyan sold 16,388 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $100.62, for a total transaction of $1,648,960.56. Following the transaction, the president directly owned 1 shares in the company, valued at approximately $100.62. The trade was a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Michele O’connor sold 1,678 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $105.30, for a total transaction of $176,693.40. Following the completion of the sale, the chief accounting officer owned 89,571 shares of the company’s stock, valued at approximately $9,431,826.30. The trade was a 1.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 217,204 shares of company stock valued at $22,772,799 over the last ninety days. 51.72% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ServiceTitan

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of ServiceTitan by 538.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,429,930 shares of the company’s stock worth $446,670,000 after acquiring an additional 3,735,968 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of ServiceTitan by 118.4% in the third quarter. JPMorgan Chase & Co. now owns 2,893,959 shares of the company’s stock valued at $291,798,000 after purchasing an additional 1,569,136 shares during the period. Invesco Ltd. increased its position in ServiceTitan by 1,388.2% during the second quarter. Invesco Ltd. now owns 1,477,369 shares of the company’s stock worth $158,344,000 after purchasing an additional 1,378,100 shares during the last quarter. Franklin Resources Inc. raised its stake in ServiceTitan by 148.4% during the second quarter. Franklin Resources Inc. now owns 1,893,237 shares of the company’s stock worth $202,917,000 after purchasing an additional 1,131,062 shares during the period. Finally, Norges Bank purchased a new position in ServiceTitan during the fourth quarter worth about $112,678,000.

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.