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

ServiceTitan Inc. (NASDAQ:TTAN) has earned a consensus rating of “Moderate Buy” from the nineteen ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $110.5333.

TTAN has been the topic of several analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of ServiceTitan in a report on Friday, April 24th. KeyCorp reaffirmed an “overweight” rating on shares of ServiceTitan in a report on Tuesday, May 26th. Morgan Stanley upped their target price on shares of ServiceTitan from $118.00 to $124.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. TD Cowen upped their target price on shares of ServiceTitan from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, June 5th. Finally, Citigroup reissued a “neutral” rating on shares of ServiceTitan in a research note on Monday, June 8th.

Insiders Place Their Bets

In other ServiceTitan news, Director William J.G. Griffith sold 94,415 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $63.43, for a total transaction of $5,988,743.45. Following the transaction, the director owned 443,221 shares in the company, valued at approximately $28,113,508.03. This trade represents a 17.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Byron B. Deeter sold 8,845 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $63.35, for a total value of $560,330.75. Following the transaction, the director owned 13,782 shares of the company’s stock, valued at $873,089.70. The trade was a 39.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 296,664 shares of company stock valued at $19,958,797 in the last ninety days. 39.89% of the stock is currently owned by insiders.

Institutional Trading of ServiceTitan

A number of hedge funds have recently modified their holdings of the company. First Bank & Trust boosted its stake in ServiceTitan by 24.2% during the 2nd quarter. First Bank & Trust now owns 4,426 shares of the company’s stock worth $313,000 after acquiring an additional 862 shares during the last quarter. Elevation Wealth Partners LLC increased its stake in ServiceTitan by 20.0% in the second quarter. Elevation Wealth Partners LLC now owns 863 shares of the company’s stock valued at $61,000 after purchasing an additional 144 shares in the last quarter. Janus Henderson Group PLC increased its stake in ServiceTitan by 1.5% in the first quarter. Janus Henderson Group PLC now owns 783,560 shares of the company’s stock valued at $49,724,000 after purchasing an additional 11,362 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in ServiceTitan by 75.1% in the first quarter. EverSource Wealth Advisors LLC now owns 1,586 shares of the company’s stock worth $101,000 after purchasing an additional 680 shares during the period. Finally, California State Teachers Retirement System raised its holdings in ServiceTitan by 196.7% in the first quarter. California State Teachers Retirement System now owns 63,324 shares of the company’s stock worth $4,019,000 after purchasing an additional 41,983 shares during the period.

ServiceTitan Trading Up 1.8%

Shares of NASDAQ:TTAN opened at $79.44 on Friday. The stock has a market capitalization of $7.58 billion, a P/E ratio of -54.79 and a beta of 0.13. ServiceTitan has a 1-year low of $54.17 and a 1-year high of $119.99. The business has a 50-day moving average price of $67.36 and a two-hundred day moving average price of $73.48.

ServiceTitan (NASDAQ:TTAN) last issued its earnings results on Thursday, June 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.09. ServiceTitan had a negative net margin of 13.44% and a negative return on equity of 5.59%. The company had revenue of $268.82 million for the quarter, compared to analyst estimates of $257.40 million. During the same quarter last year, the firm earned $0.18 EPS. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. As a group, equities analysts predict that ServiceTitan will post -0.54 EPS for the current year.

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.