ServiceTitan Inc. (NASDAQ:TTAN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of ServiceTitan Inc. (NASDAQ:TTAN) have been assigned an average recommendation of “Moderate Buy” from the nineteen ratings firms that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $130.6667.

TTAN has been the topic of several research reports. TD Securities upped their price target on shares of ServiceTitan from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, May 21st. KeyCorp set a $140.00 price target on shares of ServiceTitan and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Morgan Stanley upped their price target on shares of ServiceTitan from $109.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, September 5th. Raymond James Financial initiated coverage on shares of ServiceTitan in a research note on Friday, August 29th. They issued a “market perform” rating on the stock. Finally, Cowen restated a “buy” rating on shares of ServiceTitan in a research note on Wednesday, May 21st.

ServiceTitan Trading Down 3.2%

TTAN stock opened at $113.37 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.82 and a current ratio of 4.49. The company’s 50-day simple moving average is $109.74 and its 200 day simple moving average is $107.63. ServiceTitan has a 52 week low of $79.81 and a 52 week high of $131.33. The company has a market capitalization of $10.28 billion and a PE ratio of -20.99.

Insider Activity

In other ServiceTitan news, CEO Ara Mahdessian sold 45,185 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $103.71, for a total transaction of $4,686,136.35. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO David Sherry sold 1,499 shares of the stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $116.89, for a total transaction of $175,218.11. Following the sale, the chief financial officer owned 365,670 shares in the company, valued at $42,743,166.30. The trade was a 0.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,779,667 shares of company stock valued at $200,437,746. Corporate insiders own 51.72% of the company’s stock.

Institutional Investors Weigh In On ServiceTitan

Large investors have recently bought and sold shares of the company. Jane Street Group LLC acquired a new stake in ServiceTitan during the fourth quarter worth about $529,000. Bank of America Corp DE acquired a new stake in ServiceTitan during the fourth quarter worth about $540,000. Nuveen Asset Management LLC acquired a new stake in ServiceTitan during the fourth quarter worth about $7,793,000. Comerica Bank grew its stake in ServiceTitan by 92,500.0% during the first quarter. Comerica Bank now owns 2,778 shares of the company’s stock worth $264,000 after buying an additional 2,775 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new position in shares of ServiceTitan in the fourth quarter worth about $1,543,000.

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.