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

ServiceTitan Inc. (NASDAQ:TTAN) has been given a consensus rating of “Moderate Buy” by the twenty ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $135.3125.

A number of research analysts have recently issued reports on TTAN shares. Canaccord Genuity Group boosted their price target on shares of ServiceTitan from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Stifel Nicolaus boosted their target price on ServiceTitan from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. BMO Capital Markets raised their price target on ServiceTitan from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, December 5th. Wells Fargo & Company upped their price objective on ServiceTitan from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Finally, Cowen reiterated a “buy” rating on shares of ServiceTitan in a research report on Friday, December 5th.

Insider Transactions at ServiceTitan

In other ServiceTitan news, CEO Ara Mahdessian sold 88,525 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $107.56, for a total transaction of $9,521,749.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Vahe Kuzoyan sold 16,388 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $102.82, for a total transaction of $1,685,014.16. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 355,910 shares of company stock valued at $35,476,141 in the last quarter. Insiders own 51.72% of the company’s stock.

Institutional Investors Weigh In On ServiceTitan

Several institutional investors have recently modified their holdings of TTAN. Vanguard Group Inc. increased its stake in ServiceTitan by 538.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,429,930 shares of the company’s stock valued at $446,670,000 after purchasing an additional 3,735,968 shares in the last quarter. JPMorgan Chase & Co. boosted its position in ServiceTitan by 118.4% during the third quarter. JPMorgan Chase & Co. now owns 2,893,959 shares of the company’s stock worth $291,798,000 after purchasing an additional 1,569,136 shares in the last quarter. Invesco Ltd. grew its holdings in ServiceTitan by 1,388.2% in the second quarter. Invesco Ltd. now owns 1,477,369 shares of the company’s stock valued at $158,344,000 after purchasing an additional 1,378,100 shares during the last quarter. Franklin Resources Inc. increased its position in shares of ServiceTitan by 148.4% in the second quarter. Franklin Resources Inc. now owns 1,893,237 shares of the company’s stock valued at $202,917,000 after buying an additional 1,131,062 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of ServiceTitan during the 3rd quarter worth $84,983,000.

ServiceTitan Trading Down 7.1%

NASDAQ:TTAN opened at $90.11 on Friday. ServiceTitan has a 12-month low of $79.81 and a 12-month high of $131.33. The company has a current ratio of 4.14, a quick ratio of 4.14 and a debt-to-equity ratio of 0.07. The stock’s 50 day simple moving average is $99.08 and its 200-day simple moving average is $103.60. The firm has a market cap of $8.44 billion and a P/E ratio of -22.09.

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