ServiceTitan Inc. (NASDAQ:TTAN) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of ServiceTitan Inc. (NASDAQ:TTAN - Get Free Report) have earned an average recommendation of "Moderate Buy" from the seventeen research firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $124.00.

Several analysts have recently issued reports on TTAN shares. Canaccord Genuity Group increased their price target on shares of ServiceTitan from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Loop Capital reissued a "hold" rating and set a $100.00 price target (up previously from $90.00) on shares of ServiceTitan in a research report on Friday, June 6th. Needham & Company LLC reissued a "buy" rating and set a $140.00 price target on shares of ServiceTitan in a research report on Friday, June 6th. TD Cowen started coverage on shares of ServiceTitan in a research report on Tuesday, April 8th. They set a "buy" rating and a $120.00 price target on the stock. Finally, Morgan Stanley increased their price target on shares of ServiceTitan from $107.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Friday, June 6th.

ServiceTitan Price Performance

NASDAQ TTAN traded down $0.37 during trading hours on Friday, reaching $116.94. The company had a trading volume of 423,803 shares, compared to its average volume of 1,111,416. The stock has a 50-day moving average of $111.48 and a 200 day moving average of $105.51. ServiceTitan has a 1-year low of $79.81 and a 1-year high of $131.33. The company has a current ratio of 4.82, a quick ratio of 4.82 and a debt-to-equity ratio of 0.07.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.06. The company had revenue of $215.69 million during the quarter, compared to analyst estimates of $208.61 million. The firm's quarterly revenue was up 26.6% compared to the same quarter last year. Analysts expect that ServiceTitan will post -1.98 earnings per share for the current year.

Insider Transactions at ServiceTitan

In other news, major shareholder Bessemer Venture Partners Viii sold 8,706 shares of ServiceTitan stock in a transaction on Friday, July 11th. The shares were sold at an average price of $110.24, for a total value of $959,749.44. Following the transaction, the insider directly owned 7,966,334 shares of the company's stock, valued at $878,208,660.16. The trade was a 0.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Byron B. Deeter sold 31,187 shares of ServiceTitan stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $112.60, for a total transaction of $3,511,656.20. The disclosure for this sale can be found here. Insiders have sold 1,412,338 shares of company stock valued at $150,374,391 over the last quarter. Insiders own 51.72% of the company's stock.

Institutional Investors Weigh In On ServiceTitan

Institutional investors have recently made changes to their positions in the stock. Deer Management Co. LLC purchased a new position in ServiceTitan in the 4th quarter valued at about $925,943,000. TPG GP A LLC purchased a new position in ServiceTitan in the 4th quarter valued at about $525,405,000. Price T Rowe Associates Inc. MD lifted 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 valued at $219,341,000 after purchasing an additional 32,066 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of ServiceTitan by 1,545.2% during 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 acquiring an additional 1,930,779 shares during the period. Finally, Dragoneer Investment Group LLC purchased a new position in shares of ServiceTitan during the 4th quarter worth about $210,777,000.

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.