ServiceTitan's (TTAN) "Hold" Rating Reiterated at Loop Capital

ServiceTitan (NASDAQ:TTAN - Get Free Report)'s stock had its "hold" rating reiterated by investment analysts at Loop Capital in a research note issued on Friday, Marketbeat reports. They currently have a $100.00 price objective on the stock, up from their previous price objective of $90.00. Loop Capital's price objective would suggest a potential downside of 2.28% from the stock's previous close.

Several other equities research analysts have also weighed in on TTAN. Stifel Nicolaus lifted their price objective on ServiceTitan from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Morgan Stanley lifted their price objective on ServiceTitan from $107.00 to $109.00 and gave the stock an "equal weight" rating in a report on Friday, June 6th. TD Cowen initiated coverage on ServiceTitan in a research note on Tuesday, April 8th. They issued a "buy" rating and a $120.00 target price for the company. Robert W. Baird raised their target price on ServiceTitan from $106.00 to $124.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, Canaccord Genuity Group raised their target price on ServiceTitan from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $122.21.

ServiceTitan Stock Down 1.8%

Shares of TTAN opened at $102.33 on Friday. The business has a 50-day moving average price of $114.26. ServiceTitan has a fifty-two week low of $79.81 and a fifty-two week high of $131.33.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.06. The firm had revenue of $215.69 million during the quarter, compared to analysts' expectations of $208.61 million. ServiceTitan's quarterly revenue was up 26.6% on a year-over-year basis. Sell-side analysts expect that ServiceTitan will post -1.98 earnings per share for the current year.

Insider Activity

In related news, CFO David Sherry sold 10,175 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $94.65, for a total value of $963,063.75. Following the completion of the sale, the chief financial officer now owns 325,409 shares in the company, valued at $30,799,961.85. The trade was a 3.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Michele O'connor sold 5,494 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $94.65, for a total value of $520,007.10. Following the completion of the sale, the chief accounting officer now owns 89,302 shares of the company's stock, valued at $8,452,434.30. The trade was a 5.80% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 51.72% of the company's stock.

Institutional Trading of ServiceTitan

A number of hedge funds have recently bought and sold shares of TTAN. SBI Securities Co. Ltd. bought a new stake in ServiceTitan in the 4th quarter worth approximately $26,000. Harbor Investment Advisory LLC purchased a new position in ServiceTitan in the 1st quarter worth approximately $31,000. LRI Investments LLC purchased a new position in ServiceTitan in the 1st quarter worth approximately $58,000. Assetmark Inc. purchased a new position in ServiceTitan in the 4th quarter worth approximately $67,000. Finally, FIL Ltd purchased a new position in ServiceTitan in the 4th quarter worth approximately $67,000.

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.