ServiceTitan (TTAN) Expected to Announce Quarterly Earnings on Monday

ServiceTitan (NASDAQ:TTAN) will likely be releasing its results after the market closes on Monday, January 12th. Analysts expect ServiceTitan to post earnings of $0.15 per share for the quarter.

ServiceTitan (NASDAQ:TTAN) last posted its earnings results on Thursday, December 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $249.16 million during the quarter, compared to analyst estimates of $238.26 million. During the same period in the previous year, the business posted $0.75 EPS. ServiceTitan’s revenue was up 25.0% on a year-over-year basis. On average, analysts expect ServiceTitan to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

ServiceTitan Price Performance

Shares of NASDAQ:TTAN opened at $101.59 on Monday. The firm’s 50 day moving average is $97.91 and its two-hundred day moving average is $103.81. The firm has a market capitalization of $9.51 billion and a P/E ratio of -24.90. The company has a current ratio of 4.14, a quick ratio of 4.14 and a debt-to-equity ratio of 0.07. ServiceTitan has a 52 week low of $79.81 and a 52 week high of $131.33.

Wall Street Analysts Forecast Growth

TTAN has been the topic of several analyst reports. UBS Group restated a “buy” rating on shares of ServiceTitan in a research report on Monday, December 1st. TD Cowen raised their price target on ServiceTitan from $150.00 to $160.00 and gave the company a “buy” rating in a report on Friday, December 5th. BTIG Research started coverage on shares of ServiceTitan in a research note on Tuesday, December 16th. They set a “buy” rating and a $130.00 price objective on the stock. Piper Sandler decreased their target price on shares of ServiceTitan from $155.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, December 5th. Finally, KeyCorp restated an “overweight” rating on shares of ServiceTitan in a research report on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $134.25.

Insider Transactions at ServiceTitan

In related news, President Vahe Kuzoyan sold 16,388 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $92.03, for a total value of $1,508,187.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Bessemer Venture Partners Viii sold 40,763 shares of the firm’s stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $101.37, for a total transaction of $4,132,145.31. Following the sale, the insider owned 7,090,287 shares of the company’s stock, valued at $718,742,393.19. The trade was a 0.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 397,165 shares of company stock valued at $39,626,361 in the last quarter. Insiders own 51.72% of the company’s stock.

Institutional Investors Weigh In On ServiceTitan

Several large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its holdings in shares of ServiceTitan by 1,005.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company’s stock valued at $46,000 after acquiring an additional 392 shares in the last quarter. Parallel Advisors LLC boosted its position in ServiceTitan by 161.7% during the third quarter. Parallel Advisors LLC now owns 526 shares of the company’s stock valued at $53,000 after purchasing an additional 325 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in ServiceTitan in the second quarter valued at about $94,000. Lazard Asset Management LLC purchased a new position in ServiceTitan in the second quarter valued at about $99,000. Finally, Osaic Holdings Inc. increased its position in ServiceTitan by 251.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,195 shares of the company’s stock worth $128,000 after purchasing an additional 855 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.