ServiceTitan (NASDAQ:TTAN) Given New $110.00 Price Target at BTIG Research

ServiceTitan (NASDAQ:TTAN) had its price target boosted by research analysts at BTIG Research from $90.00 to $110.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s price objective would suggest a potential upside of 47.99% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Citigroup dropped their price objective on ServiceTitan from $117.00 to $88.00 and set a “neutral” rating for the company in a report on Friday, March 13th. Truist Financial set a $110.00 price objective on ServiceTitan in a report on Friday. Canaccord Genuity Group dropped their price objective on ServiceTitan from $140.00 to $105.00 and set a “buy” rating for the company in a report on Friday, March 13th. The Goldman Sachs Group dropped their price objective on ServiceTitan from $117.00 to $84.00 and set a “neutral” rating for the company in a report on Monday, March 16th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of ServiceTitan in a report on Friday. Fifteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.80.

ServiceTitan Stock Up 2.3%

Shares of TTAN opened at $74.33 on Friday. ServiceTitan has a 12-month low of $54.17 and a 12-month high of $119.99. The firm has a market capitalization of $7.08 billion, a PE ratio of -43.21 and a beta of 0.13. The stock’s fifty day simple moving average is $62.95 and its 200-day simple moving average is $78.04.

ServiceTitan (NASDAQ:TTAN) last issued its quarterly earnings results on Thursday, June 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.09. The business had revenue of $268.82 million for the quarter, compared to analyst estimates of $256.65 billion. ServiceTitan had a negative return on equity of 6.86% and a negative net margin of 16.64%.The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.18 earnings per share. Analysts anticipate that ServiceTitan will post -0.62 EPS for the current year.

Insiders Place Their Bets

In other ServiceTitan news, CAO Michele O’connor sold 5,000 shares of the stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $58.93, for a total value of $294,650.00. Following the completion of the sale, the chief accounting officer directly owned 79,416 shares in the company, valued at $4,679,984.88. This represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Vahe Kuzoyan sold 3,220 shares of the stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $69.86, for a total value of $224,949.20. Following the completion of the sale, the president owned 1 shares of the company’s stock, valued at $69.86. This trade represents a 99.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 33,440 shares of company stock valued at $2,281,468 over the last ninety days. 39.89% of the stock is owned by insiders.

Institutional Investors Weigh In On ServiceTitan

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of ServiceTitan by 9.9% during the fourth quarter. Vanguard Group Inc. now owns 4,869,009 shares of the company’s stock worth $518,549,000 after buying an additional 439,079 shares during the period. JPMorgan Chase & Co. boosted its position in shares of ServiceTitan by 118.4% during the third quarter. JPMorgan Chase & Co. now owns 2,893,959 shares of the company’s stock worth $291,798,000 after buying an additional 1,569,136 shares during the period. Franklin Resources Inc. boosted its position in shares of ServiceTitan by 33.8% during the fourth quarter. Franklin Resources Inc. now owns 2,014,025 shares of the company’s stock worth $214,494,000 after buying an additional 508,848 shares during the period. Artisan Partners Limited Partnership boosted its position in shares of ServiceTitan by 47.3% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,617,353 shares of the company’s stock worth $172,248,000 after buying an additional 519,024 shares during the period. Finally, Greenoaks Capital Partners LLC boosted its position in shares of ServiceTitan by 20.6% during the fourth quarter. Greenoaks Capital Partners LLC now owns 1,552,257 shares of the company’s stock worth $165,315,000 after buying an additional 264,926 shares during the period.

More ServiceTitan News

Here are the key news stories impacting ServiceTitan this week:

• Positive Sentiment: ServiceTitan beat Q1 expectations, posting adjusted EPS of $0.37 versus the $0.28 consensus and revenue of $268.8 million, ahead of estimates, while revenue rose 24.6% year over year. ServiceTitan earnings report and conference call
• Positive Sentiment: The company lifted its fiscal second-quarter and full-year revenue guidance, signaling management confidence in continued demand and execution. ServiceTitan Announces Fiscal First Quarter Financial Results
• Positive Sentiment: Coverage highlighting post-earnings trading said TTAN surged in after-hours activity as investors focused on the strong quarter and raised outlook. TTAN Stock Surges 14% After-Hours As ServiceTitan Delivers Strong Quarter, Lifts Guidance
• Neutral Sentiment: Investors are also watching for AI-related growth commentary, but that appears to be a secondary theme versus the earnings and guidance update. ServiceTitan heads into earnings spotlight as investors look for fresh AI growth signals
• Negative Sentiment: Despite the beat, ServiceTitan still reported a net loss and negative margins, so profitability remains a risk factor for the stock. ServiceTitan stock and fundamentals

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.