ServiceTitan (NASDAQ:TTAN) Given New $105.00 Price Target at BTIG Research

ServiceTitan (NASDAQ:TTANFree Report) had its price target trimmed by BTIG Research from $130.00 to $105.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

TTAN has been the topic of a number of other reports. Morgan Stanley boosted their target price on ServiceTitan from $118.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, December 5th. TD Cowen reaffirmed a “buy” rating on shares of ServiceTitan in a research note on Monday, February 23rd. UBS Group reiterated a “buy” rating on shares of ServiceTitan in a research report on Monday, December 1st. Weiss Ratings reissued a “sell (e+)” rating on shares of ServiceTitan in a research note on Monday, December 29th. Finally, BMO Capital Markets cut their target price on shares of ServiceTitan from $125.00 to $108.00 and set an “outperform” rating for the company in a research report on Thursday, March 5th. Fourteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.50.

Check Out Our Latest Stock Analysis on ServiceTitan

ServiceTitan Price Performance

TTAN stock opened at $75.65 on Thursday. The firm has a 50 day moving average of $80.03 and a 200-day moving average of $93.80. ServiceTitan has a 12-month low of $58.01 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 company has a market cap of $7.08 billion, a price-to-earnings ratio of -18.54 and a beta of -0.72.

ServiceTitan (NASDAQ:TTANGet Free Report) last released its quarterly earnings results on Thursday, March 12th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. ServiceTitan had a negative return on equity of 10.96% and a negative net margin of 23.91%.The business had revenue of $253.99 million for the quarter, compared to analysts’ expectations of $245.47 million. During the same quarter in the prior year, the firm posted $0.12 EPS. The company’s revenue was up 21.4% compared to the same quarter last year. As a group, equities analysts expect that ServiceTitan will post -1.98 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Michele O’connor sold 1,678 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $105.30, for a total transaction of $176,693.40. Following the sale, the chief accounting officer owned 89,571 shares of the company’s stock, valued at $9,431,826.30. This trade represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ara Mahdessian sold 32,000 shares of ServiceTitan stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $98.50, for a total value of $3,152,000.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 85,180 shares of company stock valued at $8,620,383. 51.72% of the stock is owned by insiders.

Institutional Investors Weigh In On ServiceTitan

A number of hedge funds and other institutional investors have recently modified their holdings of TTAN. Cloud Capital Management LLC acquired a new position in shares of ServiceTitan in the third quarter valued at approximately $25,000. Toth Financial Advisory Corp grew its stake 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 grew its stake in ServiceTitan by 189.1% in 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 period. eCIO Inc. acquired a new position in ServiceTitan in the 4th quarter valued at $30,000. Finally, Elevation Wealth Partners LLC acquired a new position in ServiceTitan in the 4th quarter valued at $36,000.

ServiceTitan News Summary

Here are the key news stories impacting ServiceTitan this week:

ServiceTitan Company Profile

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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.

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Analyst Recommendations for ServiceTitan (NASDAQ:TTAN)

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