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

ServiceTitan Inc. (NASDAQ:TTAN) has earned a consensus rating of “Moderate Buy” from the nineteen brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $133.1250.

Several research analysts recently issued reports on the stock. BMO Capital Markets increased their price target on shares of ServiceTitan from $115.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. Truist Financial set a $130.00 target price on ServiceTitan in a research note on Tuesday, October 21st. TD Cowen restated a “buy” rating on shares of ServiceTitan in a research note on Friday, December 5th. BTIG Research assumed coverage on ServiceTitan in a report on Tuesday, December 16th. They set a “buy” rating and a $130.00 price objective on the stock. Finally, Morgan Stanley raised their target price on ServiceTitan from $118.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, December 5th.

ServiceTitan Price Performance

ServiceTitan stock opened at $62.98 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.14 and a quick ratio of 4.14. The business has a 50 day simple moving average of $96.24 and a 200-day simple moving average of $99.83. ServiceTitan has a 12 month low of $60.57 and a 12 month high of $131.33. The stock has a market capitalization of $5.90 billion, a PE ratio of -15.44 and a beta of -0.84.

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. ServiceTitan had a negative net margin of 23.91% and a negative return on equity of 10.96%. The company had revenue of $249.16 million for the quarter, compared to analysts’ expectations of $238.26 million. During the same period in the previous year, the company posted $0.75 EPS. ServiceTitan’s revenue was up 25.0% compared to the same quarter last year. Equities analysts predict that ServiceTitan will post -1.98 earnings per share for the current year.

Insider Activity at ServiceTitan

In related news, CEO Ara Mahdessian sold 32,000 shares of the business’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $98.50, for a total transaction of $3,152,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO David Sherry sold 833 shares of the company’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $91.30, for a total transaction of $76,052.90. Following the transaction, the chief financial officer owned 330,948 shares in the company, valued at $30,215,552.40. The trade was a 0.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 217,204 shares of company stock worth $22,772,799 over the last three months. 51.72% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ServiceTitan

A number of institutional investors and hedge funds have recently modified their holdings of the company. Truist Financial Corp boosted its stake in shares of ServiceTitan by 84.3% during the third quarter. Truist Financial Corp now owns 42,789 shares of the company’s stock valued at $4,314,000 after acquiring an additional 19,577 shares during the last quarter. Rakuten Investment Management Inc. purchased a new position in ServiceTitan in the 3rd quarter valued at about $5,376,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of ServiceTitan during the 3rd quarter worth about $941,000. Quantbot Technologies LP acquired a new stake in shares of ServiceTitan during the 2nd quarter worth about $19,146,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of ServiceTitan during the third quarter worth about $27,101,000.

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.