Shares of ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) have been given a consensus rating of "Moderate Buy" by the seventeen analysts that are covering the company, MarketBeat.com reports. Four 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. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $122.21.
A number of brokerages have commented on TTAN. Loop Capital restated a "hold" rating and set a $100.00 price target (up previously from $90.00) on shares of ServiceTitan in a research note on Friday, June 6th. TD Securities raised their price target on shares of ServiceTitan from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. TD Cowen began coverage on shares of ServiceTitan in a research note on Tuesday, April 8th. They set a "buy" rating and a $120.00 price target for the company. Canaccord Genuity Group raised their price target on shares of ServiceTitan from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Finally, Morgan Stanley raised their price target on shares of ServiceTitan from $107.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Friday, June 6th.
Read Our Latest Research Report on TTAN
ServiceTitan Trading Up 1.3%
NASDAQ TTAN opened at $107.93 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.82 and a quick ratio of 4.82. The company has a 50-day moving average of $115.04. ServiceTitan has a twelve month low of $79.81 and a twelve month high of $131.33.
ServiceTitan (NASDAQ:TTAN - Get Free Report) last released its earnings results on Thursday, June 5th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.06. The company had revenue of $215.69 million during the quarter, compared to the consensus estimate of $208.61 million. The company's revenue was up 26.6% compared to the same quarter last year. As a group, sell-side analysts expect that ServiceTitan will post -1.98 earnings per share for the current fiscal year.
Insider Activity at ServiceTitan
In other ServiceTitan news, major shareholder Bessemer Venture Partners Viii sold 500,000 shares of ServiceTitan stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $102.00, for a total transaction of $51,000,000.00. Following the completion of the sale, the insider now owns 8,503,571 shares of the company's stock, valued at approximately $867,364,242. The trade was a 5.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David Sherry sold 5,771 shares of ServiceTitan stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $105.22, for a total transaction of $607,224.62. Following the transaction, the chief financial officer now directly owns 385,308 shares in the company, valued at approximately $40,542,107.76. This represents a 1.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 645,046 shares of company stock valued at $66,345,624 over the last quarter. Corporate insiders own 51.72% of the company's stock.
Hedge Funds Weigh In On ServiceTitan
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in ServiceTitan in the 4th quarter valued at $26,000. Victory Capital Management Inc. bought a new stake in ServiceTitan in the 4th quarter valued at $10,450,000. Assetmark Inc. bought a new stake in ServiceTitan in the 4th quarter valued at $67,000. Battery Management Corp. bought a new stake in ServiceTitan in the 4th quarter valued at $496,599,000. Finally, Avantax Advisory Services Inc. bought a new stake in ServiceTitan in the 4th quarter valued at $227,000.
ServiceTitan Company Profile
(
Get Free ReportServiceTitan, 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.
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