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

ServiceTitan Inc. (NASDAQ:TTAN) has been assigned an average recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, thirteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $133.1250.

A number of equities analysts have commented on TTAN shares. BMO Capital Markets lifted their price objective on shares of ServiceTitan from $115.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. BTIG Research started coverage on shares of ServiceTitan in a report on Tuesday, December 16th. They issued a “buy” rating and a $130.00 price target for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ServiceTitan in a research report on Monday, December 29th. Piper Sandler cut their target price on shares of ServiceTitan from $140.00 to $120.00 and set an “overweight” rating on the stock in a report on Monday, February 2nd. Finally, The Goldman Sachs Group assumed coverage on ServiceTitan in a research note on Tuesday, January 13th. They issued a “neutral” rating and a $117.00 target price for the company.

ServiceTitan Stock Up 2.5%

Shares of ServiceTitan stock opened at $62.74 on Tuesday. The business has a 50-day moving average price of $92.62 and a 200 day moving average price of $97.90. ServiceTitan has a fifty-two week low of $58.01 and a fifty-two week high of $131.33. The firm has a market cap of $5.88 billion, a P/E ratio of -15.38 and a beta of -0.84. 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 issued its earnings results on Thursday, December 4th. The company reported $0.24 EPS for the quarter, topping the consensus estimate 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 company had revenue of $249.16 million during the quarter, compared to analyst estimates of $238.26 million. During the same quarter last year, the firm earned $0.75 EPS. The business’s revenue was up 25.0% on a year-over-year basis. On average, sell-side analysts forecast that ServiceTitan will post -1.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Ara Mahdessian sold 88,525 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $107.56, for a total transaction of $9,521,749.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Michele O’connor sold 1,678 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $105.30, for a total value of $176,693.40. Following the completion of the sale, the chief accounting officer owned 89,571 shares in the company, valued at $9,431,826.30. The trade was a 1.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 216,371 shares of company stock worth $22,700,994. 51.72% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TTAN. Woodline Partners LP raised its holdings in shares of 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 buying an additional 95 shares during the last quarter. PNC Financial Services Group Inc. increased 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 valued at $87,000 after acquiring an additional 119 shares during the period. Toth Financial Advisory Corp increased its position in ServiceTitan by 150.0% in the 4th quarter. Toth Financial Advisory Corp now owns 250 shares of the company’s stock valued at $27,000 after acquiring an additional 150 shares during the period. Farther Finance Advisors LLC raised 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 acquiring an additional 174 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in ServiceTitan by 30.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 906 shares of the company’s stock worth $96,000 after acquiring an additional 209 shares during the period.

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.