ServiceTitan (TTAN) Projected to Post Earnings on Monday

Key Points

• ServiceTitan will report quarterly results after the close on Monday, January 12, with analysts expecting earnings of about $0.15 per share for the quarter.
• In the prior quarter ServiceTitan beat estimates (reported $0.24 EPS vs $0.15 expected) and revenue rose 25% year-over-year to $249.16 million, but the company remains unprofitable with negative net margin and ROE and analysts forecast roughly - $2 EPS for the current fiscal year and - $1 EPS next year.
• The stock has a market cap of about $9.51 billion and a consensus analyst rating of "Moderate Buy" with a $134.25 target, though insiders have sold substantial shares recently despite owning 51.72% of the company.

ServiceTitan (NASDAQ:TTAN - Get Free Report) is expected to be issuing its results after the market closes on Monday, January 12th. Analysts expect the company to announce earnings of $0.15 per share for the quarter.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last released its quarterly earnings data on Thursday, December 4th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.15 by $0.09. ServiceTitan had a negative return on equity of 10.96% and a negative net margin of 23.91%.The company had revenue of $249.16 million for the quarter, compared to analyst estimates of $238.26 million. During the same period last year, the company posted $0.75 earnings per share. The firm's revenue was up 25.0% compared to the same quarter last year. On average, analysts expect ServiceTitan to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

ServiceTitan Price Performance

TTAN stock opened at $101.59 on Monday. The firm has a market cap of $9.51 billion and a P/E ratio of -24.90. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.14 and a current ratio of 4.14. ServiceTitan has a 1 year low of $79.81 and a 1 year high of $131.33. The stock has a 50-day simple moving average of $97.91 and a 200-day simple moving average of $103.81.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Weiss Ratings reiterated a "sell (e+)" rating on shares of ServiceTitan in a research note on Monday, December 29th. Citigroup lifted their price target on shares of ServiceTitan from $111.00 to $123.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 9th. BTIG Research initiated coverage on shares of ServiceTitan in a research report on Tuesday, December 16th. They issued a "buy" rating and a $130.00 price objective for the company. Wells Fargo & Company raised their target price on ServiceTitan from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday, September 19th. Finally, Truist Financial set a $130.00 price target on ServiceTitan in a research note on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, ServiceTitan has a consensus rating of "Moderate Buy" and a consensus target price of $134.25.

Insiders Place Their Bets

In other ServiceTitan news, President Vahe Kuzoyan sold 16,388 shares of the business's stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $92.03, for a total transaction of $1,508,187.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Bessemer Venture Partners Viii sold 40,763 shares of the stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $101.37, for a total transaction of $4,132,145.31. Following the sale, the insider directly owned 7,090,287 shares in the company, valued at $718,742,393.19. This trade represents a 0.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 397,165 shares of company stock valued at $39,626,361 in the last quarter. Insiders own 51.72% of the company's stock.

Institutional Investors Weigh In On ServiceTitan

A number of institutional investors have recently modified their holdings of TTAN. Marshall Wace LLP lifted its holdings in ServiceTitan by 112.4% in the third quarter. Marshall Wace LLP now owns 885,643 shares of the company's stock worth $89,299,000 after acquiring an additional 468,588 shares during the last quarter. Greenoaks Capital Partners LLC raised its position in shares of ServiceTitan by 7.4% during the 2nd quarter. Greenoaks Capital Partners LLC now owns 850,933 shares of the company's stock worth $91,203,000 after purchasing an additional 58,309 shares during the period. Atreides Management LP bought a new stake in shares of ServiceTitan in the 2nd quarter worth approximately $68,679,000. Alliancebernstein L.P. boosted its position in ServiceTitan by 21.6% during the 3rd quarter. Alliancebernstein L.P. now owns 594,341 shares of the company's stock valued at $59,927,000 after purchasing an additional 105,745 shares during the period. Finally, Two Sigma Investments LP bought a new position in ServiceTitan during the 3rd quarter worth $58,836,000.

About ServiceTitan

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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