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

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

A number of analysts have issued reports on TTAN shares. Wells Fargo & Company decreased their price target on ServiceTitan from $140.00 to $125.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. BTIG Research began coverage on shares of ServiceTitan in a research report on Tuesday, December 16th. They issued a “buy” rating and a $130.00 target price on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of ServiceTitan in a report on Monday, December 29th. The Goldman Sachs Group began coverage on shares of ServiceTitan in a research note on Tuesday, January 13th. They set a “neutral” rating and a $117.00 price target on the stock. Finally, Morgan Stanley lifted their price target on shares of ServiceTitan from $118.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, December 5th.

ServiceTitan Trading Down 1.2%

Shares of TTAN opened at $62.98 on Tuesday. ServiceTitan has a fifty-two week low of $60.57 and a fifty-two week high of $131.33. The company has a market capitalization of $5.90 billion, a PE ratio of -15.44 and a beta of -0.84. The stock has a fifty day moving average of $96.24 and a two-hundred day moving average of $99.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.14 and a current ratio of 4.14.

ServiceTitan (NASDAQ:TTAN) last posted its quarterly earnings data on Thursday, December 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.09. The business had revenue of $249.16 million for the quarter, compared to analysts’ expectations of $238.26 million. ServiceTitan had a negative return on equity of 10.96% and a negative net margin of 23.91%.The business’s revenue was up 25.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 earnings per share. As a group, analysts forecast that ServiceTitan will post -1.98 EPS for the current year.

Insider Transactions at ServiceTitan

In other ServiceTitan news, CEO Ara Mahdessian sold 88,525 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $107.56, for a total transaction of $9,521,749.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Michele O’connor sold 1,678 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $105.30, for a total value of $176,693.40. Following the sale, the chief accounting officer owned 89,571 shares of the company’s stock, valued at $9,431,826.30. This represents a 1.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 217,204 shares of company stock worth $22,772,799 over the last ninety days. 51.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Cloud Capital Management LLC acquired a new position in ServiceTitan during the third quarter valued at approximately $25,000. Toth Financial Advisory Corp raised its stake in shares of 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 lifted its holdings in shares of 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. eCIO Inc. purchased a new stake in ServiceTitan during the 4th quarter worth $30,000. Finally, Elevation Wealth Partners LLC acquired a new stake in ServiceTitan in the 4th quarter valued at $36,000.

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.