Brokerages Set ServiceTitan Inc. (NASDAQ:TTAN) PT at $134.25

Shares of ServiceTitan Inc. (NASDAQ:TTAN) have been assigned a consensus rating of “Moderate Buy” from the twenty-one ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, fifteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $134.25.

Several analysts have recently issued reports on TTAN shares. Truist Financial set a $130.00 price objective on ServiceTitan in a research note on Tuesday, October 21st. Stifel Nicolaus upped their price target on ServiceTitan from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Piper Sandler decreased their price objective on ServiceTitan from $155.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, December 5th. Citigroup upped their target price 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. Finally, BMO Capital Markets raised their target price on shares of ServiceTitan from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, December 5th.

Insider Activity

In other news, CAO Michele O’connor sold 1,678 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $105.30, for a total transaction of $176,693.40. Following the completion of the transaction, the chief accounting officer directly owned 89,571 shares of the company’s stock, valued at approximately $9,431,826.30. This represents a 1.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ara Mahdessian sold 3,038 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $105.30, for a total value of $319,901.40. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 397,165 shares of company stock valued at $39,626,361 in the last 90 days. Company insiders own 51.72% of the company’s stock.

Hedge Funds Weigh In On ServiceTitan

Several hedge funds have recently added to or reduced their stakes in TTAN. Comerica Bank grew its position in ServiceTitan by 92,500.0% in the 1st quarter. Comerica Bank now owns 2,778 shares of the company’s stock valued at $264,000 after buying an additional 2,775 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of ServiceTitan in the 2nd quarter worth $19,146,000. Bank of New York Mellon Corp boosted its holdings in shares of ServiceTitan by 1,247.1% in the second quarter. Bank of New York Mellon Corp now owns 84,704 shares of the company’s stock valued at $9,079,000 after acquiring an additional 78,416 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new position in shares of ServiceTitan during the second quarter worth about $2,511,000. Finally, JPMorgan Chase & Co. raised its holdings in ServiceTitan by 300,996.1% during the second quarter. JPMorgan Chase & Co. now owns 1,324,823 shares of the company’s stock worth $141,995,000 after purchasing an additional 1,324,383 shares in the last quarter.

ServiceTitan Stock Down 0.4%

Shares of NASDAQ:TTAN opened at $107.71 on Monday. The firm has a market capitalization of $10.09 billion and a PE ratio of -26.40. ServiceTitan has a 1 year low of $79.81 and a 1 year high of $131.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.14 and a quick ratio of 4.14. The firm’s 50-day moving average is $96.95 and its two-hundred day moving average is $103.74.

ServiceTitan (NASDAQ:TTAN) last announced its quarterly earnings data on Thursday, December 4th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.09. ServiceTitan had a negative net margin of 23.91% and a negative return on equity of 10.96%. The firm had revenue of $249.16 million during the quarter, compared to analysts’ expectations of $238.26 million. During the same quarter in the previous year, the business posted $0.75 earnings per share. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. Analysts predict that ServiceTitan will post -1.98 EPS for the current year.

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.