ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twenty ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $113.5625.
A number of analysts recently weighed in on the stock. KeyCorp lowered their price objective on shares of ServiceTitan from $140.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, March 13th. Morgan Stanley reduced their price target on shares of ServiceTitan from $131.00 to $118.00 and set an "overweight" rating for the company in a report on Friday, March 13th. The Goldman Sachs Group lowered their price target on shares of ServiceTitan from $117.00 to $84.00 and set a "neutral" rating for the company in a research report on Monday, March 16th. Truist Financial dropped their price objective on shares of ServiceTitan from $130.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday, March 13th. Finally, BMO Capital Markets cut their price objective on shares of ServiceTitan from $108.00 to $92.00 and set an "outperform" rating on the stock in a report on Friday, March 13th.
Check Out Our Latest Analysis on ServiceTitan
Insider Buying and Selling
In related news, CEO Ara Mahdessian sold 2,288 shares of the company's stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $69.86, for a total transaction of $159,839.68. Following the completion of the sale, the chief executive officer directly owned 1 shares in the company, valued at $69.86. This represents a 99.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, President Vahe Kuzoyan sold 3,220 shares of the firm's stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $69.86, for a total value of $224,949.20. Following the sale, the president directly owned 1 shares in the company, valued at approximately $69.86. The trade was a 99.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 77,806 shares of company stock worth $6,876,630 in the last three months. Corporate insiders own 51.72% of the company's stock.
Institutional Trading of ServiceTitan
Hedge funds have recently modified their holdings of the company. Cloud Capital Management LLC purchased a new position in shares of ServiceTitan in the 3rd quarter worth approximately $25,000. Toth Financial Advisory Corp raised its stake in shares of ServiceTitan by 150.0% during the 4th quarter. Toth Financial Advisory Corp now owns 250 shares of the company's stock worth $27,000 after acquiring an additional 150 shares in the last quarter. Farther Finance Advisors LLC lifted its position in ServiceTitan by 189.1% during the fourth quarter. Farther Finance Advisors LLC now owns 266 shares of the company's stock valued at $28,000 after acquiring an additional 174 shares during the last quarter. eCIO Inc. acquired a new stake in ServiceTitan in the fourth quarter valued at approximately $30,000. Finally, Elevation Wealth Partners LLC acquired a new stake in ServiceTitan in the fourth quarter valued at approximately $36,000.
ServiceTitan Stock Up 4.6%
TTAN opened at $63.46 on Wednesday. The stock's fifty day moving average is $71.45 and its two-hundred day moving average is $89.65. The company has a market capitalization of $5.94 billion, a P/E ratio of -36.90 and a beta of -0.71. ServiceTitan has a 52 week low of $58.01 and a 52 week high of $131.33.
ServiceTitan (NASDAQ:TTAN - Get Free Report) last posted its quarterly earnings results on Thursday, March 12th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.09. The business had revenue of $253.99 million for the quarter, compared to the consensus estimate of $245.47 million. ServiceTitan had a negative return on equity of 6.86% and a negative net margin of 16.64%.The business's revenue was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 EPS. Equities analysts anticipate that ServiceTitan will post -1.98 earnings per share for the current year.
ServiceTitan Company Profile
(
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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