ServiceTitan (NASDAQ:TTAN) Given Buy Rating at BTIG Research

BTIG Research restated their buy rating on shares of ServiceTitan (NASDAQ:TTAN) in a research report report published on Friday,Benzinga reports. They currently have a $110.00 target price on the stock.

Several other equities research analysts also recently issued reports on TTAN. Morgan Stanley increased their price objective on ServiceTitan from $118.00 to $124.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Piper Sandler boosted their price objective on shares of ServiceTitan from $100.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. The Goldman Sachs Group lowered their price target on shares of ServiceTitan from $117.00 to $84.00 and set a “neutral” rating on the stock in a report on Monday, March 16th. BMO Capital Markets increased their price objective on ServiceTitan from $92.00 to $103.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Finally, Truist Financial restated a “buy” rating and issued a $110.00 target price (up from $100.00) on shares of ServiceTitan in a research note on Friday, June 5th. Fifteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $110.53.

ServiceTitan Stock Down 2.2%

NASDAQ:TTAN opened at $77.69 on Friday. The stock has a fifty day simple moving average of $67.71 and a 200 day simple moving average of $73.51. The firm has a market capitalization of $7.41 billion, a price-to-earnings ratio of -53.58 and a beta of 0.13. ServiceTitan has a 1-year low of $54.17 and a 1-year high of $119.99.

ServiceTitan (NASDAQ:TTAN) last posted its quarterly earnings data on Thursday, June 4th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.09. The firm had revenue of $268.82 million for the quarter, compared to analysts’ expectations of $257.40 million. ServiceTitan had a negative net margin of 13.44% and a negative return on equity of 5.59%. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 EPS. Equities analysts predict that ServiceTitan will post -0.54 earnings per share for the current year.

Insider Buying and Selling at ServiceTitan

In related news, Director William J.G. Griffith sold 94,415 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $63.43, for a total value of $5,988,743.45. Following the transaction, the director directly owned 443,221 shares of the company’s stock, valued at approximately $28,113,508.03. This trade represents a 17.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Michele O’connor sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $69.14, for a total value of $691,400.00. Following the sale, the chief accounting officer directly owned 81,890 shares of the company’s stock, valued at $5,661,874.60. The trade was a 10.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 296,664 shares of company stock worth $19,958,797 in the last 90 days. Company insiders own 39.89% of the company’s stock.

Institutional Trading of ServiceTitan

Large investors have recently modified their holdings of the company. Toth Financial Advisory Corp raised its holdings in ServiceTitan by 150.0% in the 4th 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 lifted its position in 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 during the last quarter. eCIO Inc. bought a new stake in ServiceTitan during the fourth quarter valued at about $30,000. Elevation Wealth Partners LLC bought a new stake in ServiceTitan during the fourth quarter valued at about $36,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of ServiceTitan by 1,005.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company’s stock valued at $46,000 after purchasing an additional 392 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.