ServiceTitan Inc. (NASDAQ:TTAN) Receives Average Rating of “Moderate Buy” from Brokerages

ServiceTitan Inc. (NASDAQ:TTAN) has received an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $114.33.

A number of research analysts recently weighed in on the company. Truist Financial began coverage on ServiceTitan in a report on Monday, January 6th. They issued a “buy” rating and a $120.00 target price on the stock. KeyCorp initiated coverage on ServiceTitan in a report on Monday, January 6th. They issued an “overweight” rating and a $120.00 price target for the company. The Goldman Sachs Group began coverage on ServiceTitan in a research report on Monday, January 6th. They set a “neutral” rating and a $100.00 price target on the stock. Wells Fargo & Company started coverage on shares of ServiceTitan in a research report on Monday, January 6th. They issued an “overweight” rating and a $125.00 price objective for the company. Finally, William Blair began coverage on shares of ServiceTitan in a research report on Monday, January 6th. They set an “outperform” rating for the company.

Insider Buying and Selling at ServiceTitan

In related news, CAO Michele O’connor sold 5,494 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $94.65, for a total value of $520,007.10. Following the sale, the chief accounting officer now directly owns 89,302 shares in the company, valued at $8,452,434.30. This trade represents a 5.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David Sherry sold 10,175 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $94.65, for a total value of $963,063.75. Following the transaction, the chief financial officer now owns 325,409 shares of the company’s stock, valued at $30,799,961.85. This trade represents a 3.03 % decrease in their position. The disclosure for this sale can be found here.

Institutional Investors Weigh In On ServiceTitan

Hedge funds and other institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new stake in shares of ServiceTitan in the 4th quarter worth approximately $26,000. Assetmark Inc. bought a new stake in ServiceTitan during the fourth quarter worth approximately $67,000. FIL Ltd bought a new position in shares of ServiceTitan in the fourth quarter valued at $67,000. Tower Research Capital LLC TRC purchased a new stake in shares of ServiceTitan during the fourth quarter valued at $91,000. Finally, Insight Holdings Group LLC acquired a new position in shares of ServiceTitan in the 4th quarter valued at $103,000.

ServiceTitan Trading Up 1.9 %

Shares of NASDAQ TTAN opened at $98.71 on Friday. The stock’s 50 day moving average price is $96.53. ServiceTitan has a 1 year low of $79.81 and a 1 year high of $112.00.

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

About ServiceTitan

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.