ServiceTitan (NASDAQ:TTAN) Sees Unusually-High Trading Volume – Time to Buy?

Shares of ServiceTitan Inc. (NASDAQ:TTAN) saw an uptick in trading volume on Thursday . 380,642 shares changed hands during trading, an increase of 38% from the previous session’s volume of 275,886 shares.The stock last traded at $81.90 and had previously closed at $85.53.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TTAN shares. Morgan Stanley increased their price objective on ServiceTitan from $104.00 to $107.00 and gave the company an “equal weight” rating in a research note on Friday. William Blair began coverage on shares of ServiceTitan in a research report on Monday, January 6th. They issued an “outperform” rating on the stock. Loop Capital cut their target price on ServiceTitan from $105.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday. KeyCorp assumed coverage on ServiceTitan in a research report on Monday, January 6th. They set an “overweight” rating and a $120.00 price target for the company. Finally, Citigroup lifted their price objective on ServiceTitan from $109.00 to $113.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $114.33.

ServiceTitan Stock Performance

The stock’s 50 day moving average price is $97.14.

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

Institutional Investors Weigh In On ServiceTitan

Several institutional investors have recently modified their holdings of TTAN. TimesSquare Capital Management LLC purchased a new stake in shares of ServiceTitan during the 4th quarter valued at about $87,896,000. Battery Management Corp. purchased a new stake in ServiceTitan during the 4th quarter valued at $496,599,000. Burkehill Global Management LP bought a new position in shares of ServiceTitan during the 4th quarter valued at $5,144,000. New York State Common Retirement Fund purchased a new position in shares of ServiceTitan in the 4th quarter worth $3,692,000. Finally, Principal Financial Group Inc. bought a new stake in shares of ServiceTitan in the fourth quarter worth $25,365,000.

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.