ServiceTitan Inc. (NASDAQ:TTAN) Stock Has Consensus Price Target of $96.38 According to Brokerages

ServiceTitan Inc. (NASDAQ:TTAN) has been given an average recommendation of “Moderate Buy” by the seventeen research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $96.38.

A number of equities research analysts recently issued reports on the stock. Citigroup lowered their target price on shares of ServiceTitan from $83.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, September 9th. Wells Fargo & Company dropped their price target on shares of ServiceTitan from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, September 9th. Robert W. Baird cut their price target on shares of ServiceTitan from $101.00 to $85.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 9th. TD Cowen reiterated a “buy” rating and issued a $100.00 price target on shares of ServiceTitan in a report on Wednesday, October 7th. Finally, BMO Capital Markets lowered their price objective on shares of ServiceTitan from $103.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, September 9th.

ServiceTitan Trading Up 2.2%

Shares of NASDAQ:TTAN opened at $87.06 on Friday. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of -64.01 and a beta of 0.33. The stock’s 50-day moving average price is $75.85 and its two-hundred day moving average price is $72.13. ServiceTitan has a 12-month low of $53.00 and a 12-month high of $111.36.

ServiceTitan (NASDAQ:TTAN) last posted its quarterly earnings data on Tuesday, September 8th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $292.76 million during the quarter, compared to the consensus estimate of $285.89 million. ServiceTitan had a negative net margin of 12.12% and a negative return on equity of 5.65%. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 EPS. As a group, research analysts forecast that ServiceTitan will post -0.55 earnings per share for the current fiscal year.

Insider Transactions at ServiceTitan

In other news, CAO Michele O’connor sold 5,581 shares of the business’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $57.07, for a total transaction of $318,507.67. Following the completion of the sale, the chief accounting officer owned 66,095 shares in the company, valued at approximately $3,772,041.65. The trade was a 7.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ara Mahdessian sold 49,766 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $84.75, for a total transaction of $4,217,668.50. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 268,814 shares of company stock valued at $22,294,608. Corporate insiders own 39.89% of the company’s stock.

Institutional Investors Weigh In On ServiceTitan

Several institutional investors have recently bought and sold shares of TTAN. Marest Capital LLC acquired a new stake in shares of ServiceTitan in the third quarter valued at about $254,000. Taylor Frigon Capital Management LLC raised its holdings in shares of ServiceTitan by 23.0% during the 3rd quarter. Taylor Frigon Capital Management LLC now owns 45,433 shares of the company’s stock valued at $2,989,000 after buying an additional 8,506 shares during the period. Canton Hathaway LLC acquired a new position in ServiceTitan during the 3rd quarter worth approximately $25,000. Sterling Capital Management LLC lifted its position in ServiceTitan by 838.0% during the 3rd quarter. Sterling Capital Management LLC now owns 2,026 shares of the company’s stock worth $133,000 after acquiring an additional 1,810 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in ServiceTitan by 50.3% during the 3rd quarter. Inspire Investing LLC now owns 15,864 shares of the company’s stock worth $1,044,000 after acquiring an additional 5,307 shares in the last quarter.

About ServiceTitan

ServiceTitan, Inc provides cloud-based software designed to help residential and commercial trade contractors manage and grow their businesses. Its platform serves industries including heating, ventilation and air conditioning, plumbing, electrical, roofing, and other field-service trades.

The company’s software supports core operations such as customer relationship management, marketing, scheduling, dispatching, estimates, invoicing, payments, inventory management, purchasing, payroll, and business reporting.