Needham & Company LLC Reaffirms “Buy” Rating for ServiceTitan (NASDAQ:TTAN)

ServiceTitan (NASDAQ:TTAN)‘s stock had its “buy” rating reaffirmed by equities researchers at Needham & Company LLC in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $125.00 target price on the stock. Needham & Company LLC’s price target suggests a potential upside of 27.77% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Canaccord Genuity Group initiated coverage on ServiceTitan in a report on Monday, January 6th. They issued a “buy” rating and a $120.00 target price on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $125.00 price objective on shares of ServiceTitan in a research note on Friday, March 14th. Wells Fargo & Company assumed coverage on shares of ServiceTitan in a research report on Monday, January 6th. They set an “overweight” rating and a $125.00 target price for the company. TD Cowen initiated coverage on shares of ServiceTitan in a research report on Tuesday. They issued a “buy” rating and a $120.00 price target on the stock. Finally, Loop Capital decreased their price objective on ServiceTitan from $105.00 to $90.00 and set a “hold” rating for the company in a report on Friday, March 14th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $114.77.

ServiceTitan Stock Down 0.2 %

TTAN opened at $97.83 on Wednesday. The firm has a fifty day moving average of $94.90. ServiceTitan has a 1-year low of $79.81 and a 1-year high of $112.00.

ServiceTitan (NASDAQ:TTAN) last issued its earnings results on Monday, January 13th. The company reported ($1.18) EPS for the quarter. On average, equities analysts predict that ServiceTitan will post -1.98 earnings per share for the current year.

Insider Activity

In related news, CAO Michele O’connor sold 5,494 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $94.65, for a total transaction of $520,007.10. Following the completion of the transaction, the chief accounting officer now owns 89,302 shares in the company, valued at approximately $8,452,434.30. This represents a 5.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David Sherry sold 10,175 shares of ServiceTitan stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $94.65, for a total transaction of $963,063.75. Following the completion of the sale, the chief financial officer now directly owns 325,409 shares in the company, valued at approximately $30,799,961.85. This represents a 3.03 % decrease in their position. The disclosure for this sale can be found here.

Hedge Funds Weigh In On ServiceTitan

Several institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of ServiceTitan in the fourth quarter valued at $26,000. Harbor Investment Advisory LLC bought a new position in shares of ServiceTitan during the 1st quarter worth $31,000. Assetmark Inc. purchased a new stake in ServiceTitan in the 4th quarter worth about $67,000. FIL Ltd bought a new stake in ServiceTitan in the 4th quarter valued at about $67,000. Finally, Tower Research Capital LLC TRC purchased a new stake in ServiceTitan during the fourth quarter valued at about $91,000.

ServiceTitan Company Profile

ServiceTitan, Inc engages in the collection of field service activities required to install, maintain, and service the infrastructure and systems of residences and commercial buildings. The company was founded by Ara Mahdessian and Vahe Kuzoyan on June 8, 2008 and is headquartered in Glendale, CA.