ServiceTitan (NASDAQ:TTAN) Reaches New 12-Month Low – Here’s Why

ServiceTitan Inc. (NASDAQ:TTAN)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $85.00 and last traded at $86.01, with a volume of 18251 shares. The stock had previously closed at $88.43.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TTAN. Baird R W upgraded ServiceTitan to a “strong-buy” rating in a report on Friday, December 27th. William Blair initiated coverage on shares of ServiceTitan in a research note on Monday, January 6th. They set an “outperform” rating for the company. Piper Sandler began coverage on shares of ServiceTitan in a research report on Monday, January 6th. They set an “overweight” rating and a $125.00 price target for the company. Needham & Company LLC reissued a “buy” rating and issued a $125.00 target price on shares of ServiceTitan in a research report on Monday, January 13th. Finally, Canaccord Genuity Group started coverage on ServiceTitan in a research report on Monday, January 6th. They set a “buy” rating and a $120.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $116.17.

ServiceTitan Trading Down 3.1 %

The business has a fifty day moving average price of $98.52.

ServiceTitan (NASDAQ:TTAN) last released its earnings results on Monday, January 13th. The company reported ($1.18) earnings per share (EPS) for the quarter. Equities analysts expect that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.

Institutional Investors Weigh In On ServiceTitan

Several hedge funds have recently bought and sold shares of the stock. Deer Management Co. LLC purchased a new position in ServiceTitan during the fourth quarter valued at $925,943,000. TPG GP A LLC purchased a new position in ServiceTitan in the 4th quarter valued at about $525,405,000. Battery Management Corp. acquired a new stake in ServiceTitan in the 4th quarter worth about $496,599,000. Price T Rowe Associates Inc. MD purchased a new stake in ServiceTitan during the 4th quarter worth approximately $233,937,000. Finally, Dragoneer Investment Group LLC purchased a new position in shares of ServiceTitan in the fourth quarter valued at approximately $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.