Analysts Set ServiceTitan Inc. (NASDAQ:TTAN) Price Target at $112.31

ServiceTitan Inc. (NASDAQ:TTAN) has been given an average rating of “Moderate Buy” by the twenty research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and sixteen have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $112.3125.

A number of equities research analysts have recently weighed in on TTAN shares. Wells Fargo & Company cut their price objective on ServiceTitan from $125.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of ServiceTitan in a research report on Friday, April 24th. William Blair restated an “outperform” rating on shares of ServiceTitan in a research note on Friday, March 13th. BMO Capital Markets lowered their target price on ServiceTitan from $108.00 to $92.00 and set an “outperform” rating for the company in a research note on Friday, March 13th. Finally, The Goldman Sachs Group lowered their target price on ServiceTitan from $117.00 to $84.00 and set a “neutral” rating for the company in a research note on Monday, March 16th.

ServiceTitan Stock Performance

Shares of TTAN stock opened at $61.72 on Friday. The firm has a market cap of $5.78 billion, a P/E ratio of -35.88 and a beta of -0.23. ServiceTitan has a fifty-two week low of $55.23 and a fifty-two week high of $131.33. The business’s 50 day moving average price is $66.39 and its 200-day moving average price is $82.98.

ServiceTitan (NASDAQ:TTAN) last issued its quarterly earnings data on Thursday, March 12th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. The firm had revenue of $253.99 million for the quarter, compared to analyst estimates of $245.47 million. ServiceTitan had a negative return on equity of 6.86% and a negative net margin of 16.64%.The business’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period last year, the company earned $0.12 EPS. As a group, equities analysts predict that ServiceTitan will post -0.62 EPS for the current year.

Insider Transactions at ServiceTitan

In other news, President Vahe Kuzoyan sold 3,220 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $69.86, for a total value of $224,949.20. Following the completion of the transaction, the president owned 1 shares in the company, valued at $69.86. This trade represents a 99.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Michele O’connor sold 5,154 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $69.86, for a total value of $360,058.44. Following the completion of the transaction, the chief accounting officer owned 84,416 shares of the company’s stock, valued at approximately $5,897,301.76. The trade was a 5.75% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 33,440 shares of company stock worth $2,281,468. 51.72% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in ServiceTitan by 538.4% during the third quarter. Vanguard Group Inc. now owns 4,429,930 shares of the company’s stock valued at $446,670,000 after buying an additional 3,735,968 shares during the last quarter. Truist Financial Corp raised its stake in ServiceTitan by 84.3% during the third quarter. Truist Financial Corp now owns 42,789 shares of the company’s stock valued at $4,314,000 after buying an additional 19,577 shares during the last quarter. Thornburg Investment Management Inc. purchased a new position in ServiceTitan during the third quarter valued at $8,338,000. Sandhill Capital Partners LLC purchased a new position in ServiceTitan during the third quarter valued at $27,062,000. Finally, Rakuten Investment Management Inc. purchased a new position in ServiceTitan during the third quarter valued at $5,376,000.

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.