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

ServiceTitan Inc. (NASDAQ:TTAN) has earned an average recommendation of “Moderate Buy” from the twenty analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $113.5625.

Several analysts have weighed in on TTAN shares. KeyCorp dropped their target price on shares of ServiceTitan from $140.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. BMO Capital Markets reduced their target price on shares of ServiceTitan from $108.00 to $92.00 and set an “outperform” rating for the company in a report on Friday, March 13th. Citigroup lowered their price target on shares of ServiceTitan from $117.00 to $88.00 and set a “neutral” rating on the stock in a report on Friday, March 13th. Piper Sandler reaffirmed an “overweight” rating and set a $120.00 price target on shares of ServiceTitan in a research report on Friday, March 13th. Finally, Canaccord Genuity Group reduced their price objective on ServiceTitan from $140.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, March 13th.

Insider Buying and Selling

In related news, CEO Ara Mahdessian sold 2,288 shares of ServiceTitan stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $69.86, for a total transaction of $159,839.68. Following the completion of the transaction, the chief executive officer directly owned 1 shares in the company, valued at approximately $69.86. This trade represents a 99.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Michele O’connor sold 5,154 shares of the business’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 directly owned 84,416 shares of the company’s stock, valued at $5,897,301.76. The trade was a 5.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 77,806 shares of company stock valued at $6,876,630 in the last three months. 51.72% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ServiceTitan

Large investors have recently made changes to their positions in the company. Woodline Partners LP boosted its holdings in ServiceTitan by 4.6% during the first quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock worth $204,000 after buying an additional 95 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in ServiceTitan by 16.1% in the third quarter. PNC Financial Services Group Inc. now owns 858 shares of the company’s stock valued at $87,000 after buying an additional 119 shares in the last quarter. Toth Financial Advisory Corp raised its position in shares of ServiceTitan by 150.0% in the fourth quarter. Toth Financial Advisory Corp now owns 250 shares of the company’s stock worth $27,000 after acquiring an additional 150 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of ServiceTitan by 189.1% during the 4th quarter. Farther Finance Advisors LLC now owns 266 shares of the company’s stock worth $28,000 after acquiring an additional 174 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of 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 in the last quarter.

ServiceTitan Price Performance

ServiceTitan stock opened at $63.46 on Wednesday. The stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of -36.90 and a beta of -0.71. ServiceTitan has a 1-year low of $58.01 and a 1-year high of $131.33. The business has a fifty day moving average price of $71.45 and a 200-day moving average price of $89.65.

ServiceTitan (NASDAQ:TTAN) last announced its earnings results on Thursday, March 12th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.09. ServiceTitan had a negative return on equity of 6.86% and a negative net margin of 16.64%.The company had revenue of $253.99 million for the quarter, compared to analyst estimates of $245.47 million. During the same period in the prior year, the company posted $0.12 EPS. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. On average, equities research analysts anticipate that ServiceTitan will post -1.98 earnings per share for the current fiscal year.

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.