Brokerages Set ServiceTitan Inc. (NASDAQ:TTAN) Target Price at $110.53

ServiceTitan Inc. (NASDAQ:TTANGet Free Report) has been assigned an average rating of “Moderate Buy” from the nineteen brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $110.5333.

TTAN has been the subject of a number of recent research reports. Stifel Nicolaus set a $125.00 target price on ServiceTitan in a research note on Wednesday, May 27th. Piper Sandler upped their price objective on shares of ServiceTitan from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Robert W. Baird raised their price objective on shares of ServiceTitan from $75.00 to $94.00 and gave the stock an “outperform” rating in a research report on Monday, June 8th. Citigroup reaffirmed a “neutral” rating on shares of ServiceTitan in a research note on Monday, June 8th. Finally, KeyCorp reiterated an “overweight” rating on shares of ServiceTitan in a report on Tuesday, May 26th.

Read Our Latest Research Report on TTAN

Insider Activity

In related news, Director William J.G. Griffith sold 94,415 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $63.43, for a total value of $5,988,743.45. Following the transaction, the director directly owned 443,221 shares in the company, valued at approximately $28,113,508.03. This represents a 17.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Michele O’connor sold 4,910 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $80.93, for a total value of $397,366.30. Following the sale, the chief accounting officer directly owned 71,676 shares of the company’s stock, valued at approximately $5,800,738.68. This trade represents a 6.41% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 384,717 shares of company stock worth $27,426,649. 39.89% of the stock is owned by company insiders.

Institutional Trading of ServiceTitan

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in ServiceTitan by 9.9% during the fourth quarter. Vanguard Group Inc. now owns 4,869,009 shares of the company’s stock worth $518,549,000 after buying an additional 439,079 shares during the period. Franklin Resources Inc. raised its stake in shares of ServiceTitan by 33.8% in the 4th quarter. Franklin Resources Inc. now owns 2,014,025 shares of the company’s stock valued at $214,494,000 after acquiring an additional 508,848 shares during the period. Artisan Partners Limited Partnership lifted its holdings in shares of ServiceTitan by 47.3% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,617,353 shares of the company’s stock worth $172,248,000 after acquiring an additional 519,024 shares during the last quarter. Greenoaks Capital Partners LLC lifted its holdings in shares of ServiceTitan by 20.6% in the 4th quarter. Greenoaks Capital Partners LLC now owns 1,552,257 shares of the company’s stock worth $165,315,000 after acquiring an additional 264,926 shares during the last quarter. Finally, Capital International Investors boosted its position in shares of ServiceTitan by 23.9% during the 4th quarter. Capital International Investors now owns 1,224,699 shares of the company’s stock worth $130,430,000 after purchasing an additional 236,287 shares during the period.

ServiceTitan Trading Up 0.3%

TTAN stock opened at $85.83 on Tuesday. The firm has a 50-day moving average of $74.44 and a two-hundred day moving average of $70.02. ServiceTitan has a 12 month low of $54.17 and a 12 month high of $119.99. The company has a market cap of $8.19 billion, a price-to-earnings ratio of -59.19 and a beta of 0.02.

ServiceTitan (NASDAQ:TTANGet Free Report) last posted its quarterly earnings results on Thursday, June 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. ServiceTitan had a negative return on equity of 5.59% and a negative net margin of 13.44%.The business had revenue of $268.82 million during the quarter, compared to analyst estimates of $257.40 million. During the same period in the prior year, the business earned $0.18 earnings per share. The business’s revenue was up 24.6% compared to the same quarter last year. As a group, equities analysts forecast that ServiceTitan will post -0.54 earnings per share for the current year.

About ServiceTitan

(Get Free Report)

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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