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

ServiceTitan Inc. (NASDAQ:TTAN) has been assigned an average rating of “Moderate Buy” from the nineteen brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $109.4667.

Several brokerages have recently commented on TTAN. TD Cowen increased their target price on shares of ServiceTitan from $130.00 to $135.00 and gave the company a “buy” rating in a report on Friday, March 13th. Canaccord Genuity Group lowered their target price on shares of ServiceTitan from $140.00 to $105.00 and set a “buy” rating for the company in a report on Friday, March 13th. Piper Sandler lowered their target price on shares of ServiceTitan from $120.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. BMO Capital Markets reduced their price target on shares of ServiceTitan from $108.00 to $92.00 and set an “outperform” rating for the company in a research report on Friday, March 13th. Finally, William Blair restated an “outperform” rating on shares of ServiceTitan in a research report on Friday, March 13th.

ServiceTitan Price Performance

Shares of TTAN stock opened at $63.17 on Thursday. The firm has a 50-day moving average of $62.64 and a 200-day moving average of $79.26. The company has a market cap of $6.02 billion, a P/E ratio of -36.73 and a beta of -0.23. ServiceTitan has a one year low of $54.17 and a one year high of $124.85.

ServiceTitan (NASDAQ:TTAN) last announced its earnings results on Thursday, March 12th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.18 by $0.09. The company had revenue of $253.99 million during the quarter, compared to the consensus estimate of $245.47 million. ServiceTitan had a negative net margin of 16.64% and a negative return on equity of 6.86%. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 earnings per share. As a group, research analysts expect that ServiceTitan will post -0.62 earnings per share for the current fiscal year.

Insider Activity at ServiceTitan

In related news, CEO Ara Mahdessian sold 2,288 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $69.86, for a total transaction of $159,839.68. Following the completion of the transaction, the chief executive officer owned 1 shares in the company, valued at approximately $69.86. This represents a 99.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Vahe Kuzoyan sold 3,220 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $69.86, for a total transaction of $224,949.20. Following the transaction, the president owned 1 shares of the company’s stock, valued at approximately $69.86. The trade was a 99.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 33,440 shares of company stock worth $2,281,468 in the last ninety days. Corporate insiders own 39.89% of the company’s stock.

Hedge Funds Weigh In On ServiceTitan

Institutional investors have recently added to or reduced their stakes in the stock. Cloud Capital Management LLC bought a new position in ServiceTitan during the third quarter valued at about $25,000. Toth Financial Advisory Corp boosted its position in ServiceTitan by 150.0% during the fourth quarter. Toth Financial Advisory Corp now owns 250 shares of the company’s stock worth $27,000 after purchasing an additional 150 shares during the period. Farther Finance Advisors LLC boosted its position in ServiceTitan by 189.1% during the fourth quarter. Farther Finance Advisors LLC now owns 266 shares of the company’s stock worth $28,000 after purchasing an additional 174 shares during the period. eCIO Inc. bought a new position in ServiceTitan during the fourth quarter worth about $30,000. Finally, Elevation Wealth Partners LLC bought a new position in ServiceTitan during the fourth quarter worth about $36,000.

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.