ServiceTitan Inc. (NASDAQ:TTAN) Receives $122.21 Consensus PT from Analysts

Shares of ServiceTitan Inc. (NASDAQ:TTAN) have been given a consensus rating of “Moderate Buy” by the seventeen ratings firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $122.21.

TTAN has been the topic of a number of recent analyst reports. Cowen restated a “buy” rating on shares of ServiceTitan in a research report on Wednesday, May 21st. KeyCorp boosted their price target on shares of ServiceTitan from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. Morgan Stanley boosted their price target on shares of ServiceTitan from $107.00 to $109.00 and gave the company an “equal weight” rating in a research report on Friday, June 6th. TD Cowen started coverage on shares of ServiceTitan in a research report on Tuesday, April 8th. They issued a “buy” rating and a $120.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $140.00 target price on shares of ServiceTitan in a research note on Friday, June 6th.

ServiceTitan Trading Down 0.4%

Shares of ServiceTitan stock opened at $108.78 on Monday. ServiceTitan has a twelve month low of $79.81 and a twelve month high of $131.33. The company has a current ratio of 4.82, a quick ratio of 4.82 and a debt-to-equity ratio of 0.07. The company’s 50-day simple moving average is $114.35.

ServiceTitan (NASDAQ:TTAN) last released its quarterly earnings results on Thursday, June 5th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. The firm had revenue of $215.69 million during the quarter, compared to analyst estimates of $208.61 million. The business’s revenue was up 26.6% compared to the same quarter last year. On average, equities analysts forecast that ServiceTitan will post -1.98 earnings per share for the current fiscal year.

Insider Buying and Selling at ServiceTitan

In related news, CFO David Sherry sold 16,630 shares of the business’s stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $104.65, for a total transaction of $1,740,329.50. Following the completion of the sale, the chief financial officer directly owned 368,678 shares of the company’s stock, valued at $38,582,152.70. The trade was a 4.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President Vahe Kuzoyan sold 25,208 shares of the business’s stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $104.65, for a total transaction of $2,638,017.20. The disclosure for this sale can be found here. Insiders sold a total of 936,552 shares of company stock valued at $97,604,656 over the last 90 days. Company insiders own 51.72% of the company’s stock.

Institutional Investors Weigh In On ServiceTitan

Several large investors have recently bought and sold shares of TTAN. SBI Securities Co. Ltd. acquired a new position in shares of ServiceTitan in the fourth quarter valued at approximately $26,000. Victory Capital Management Inc. acquired a new position in shares of ServiceTitan in the fourth quarter valued at approximately $10,450,000. Assetmark Inc. acquired a new position in shares of ServiceTitan in the fourth quarter valued at approximately $67,000. Battery Management Corp. acquired a new position in shares of ServiceTitan in the fourth quarter valued at approximately $496,599,000. Finally, Avantax Advisory Services Inc. bought a new position in ServiceTitan in the fourth quarter valued at $227,000.

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.