ServiceTitan Inc. (NASDAQ:TTAN) Receives Consensus Rating of "Moderate Buy" from Brokerages

ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) has received an average rating of "Moderate Buy" from the seventeen analysts that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $122.21.

A number of equities analysts recently weighed in on TTAN shares. KeyCorp boosted their price objective on shares of ServiceTitan from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Loop Capital boosted their price objective on shares of ServiceTitan from $90.00 to $100.00 and gave the stock a "hold" rating in a report on Friday. Stifel Nicolaus boosted their price objective on shares of ServiceTitan from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, May 30th. TD Cowen assumed coverage on shares of ServiceTitan in a research note on Tuesday, April 8th. They set a "buy" rating and a $120.00 target price for the company. Finally, Piper Sandler reiterated an "overweight" rating and set a $125.00 target price on shares of ServiceTitan in a research note on Friday, March 14th.

ServiceTitan Stock Performance

Shares of TTAN stock traded down $7.95 during trading hours on Thursday, hitting $106.60. 3,171,353 shares of the company's stock traded hands, compared to its average volume of 459,819. ServiceTitan has a 12-month low of $79.81 and a 12-month high of $131.33. The stock has a fifty day moving average price of $113.89.

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 analysts' consensus estimates 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. The business's quarterly revenue was up 26.6% on a year-over-year basis. As a group, sell-side analysts forecast that ServiceTitan will post -1.98 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Michele O'connor sold 5,494 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $94.65, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO David Sherry sold 10,175 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $94.65, for a total transaction of $963,063.75. Following the sale, the chief financial officer now directly owns 325,409 shares of the company's stock, valued at approximately $30,799,961.85. The trade was a 3.03% decrease in their position. The disclosure for this sale can be found here. Insiders own 51.72% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Deer Management Co. LLC bought a new position in ServiceTitan in the 4th quarter worth $925,943,000. TPG GP A LLC bought a new position in ServiceTitan in the 4th quarter worth $525,405,000. Battery Management Corp. bought a new position in ServiceTitan in the 4th quarter worth $496,599,000. Price T Rowe Associates Inc. MD boosted its holdings in ServiceTitan by 1.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,306,168 shares of the company's stock worth $219,341,000 after buying an additional 32,066 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in ServiceTitan by 1,545.2% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,055,736 shares of the company's stock worth $195,521,000 after buying an additional 1,930,779 shares during the period.

About ServiceTitan

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.