ServiceTitan (NASDAQ:TTAN) Given New $125.00 Price Target at Wells Fargo & Company

ServiceTitan (NASDAQ:TTAN) had its price objective lowered by investment analysts at Wells Fargo & Company from $140.00 to $125.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 90.35% from the stock’s current price.

Several other research analysts also recently commented on TTAN. KeyCorp reissued an “overweight” rating on shares of ServiceTitan in a report on Tuesday, December 16th. BMO Capital Markets raised their target price on shares of ServiceTitan from $115.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. Weiss Ratings restated a “sell (e+)” rating on shares of ServiceTitan in a research report on Monday, December 29th. BTIG Research began coverage on ServiceTitan in a research note on Tuesday, December 16th. They issued a “buy” rating and a $130.00 target price on the stock. Finally, UBS Group reiterated a “buy” rating on shares of ServiceTitan in a research note on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, ServiceTitan currently has a consensus rating of “Moderate Buy” and an average target price of $133.13.

ServiceTitan Stock Down 2.7%

Shares of NASDAQ TTAN traded down $1.84 during midday trading on Wednesday, hitting $65.67. 917,076 shares of the stock traded hands, compared to its average volume of 1,233,336. The business has a 50 day moving average price of $98.30 and a two-hundred day moving average price of $101.34. The company has a market cap of $6.15 billion, a PE ratio of -16.10 and a beta of -0.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.14 and a current ratio of 4.14. ServiceTitan has a one year low of $61.78 and a one year high of $131.33.

ServiceTitan (NASDAQ:TTAN) last announced its quarterly earnings results on Thursday, December 4th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.09. ServiceTitan had a negative return on equity of 10.96% and a negative net margin of 23.91%.The firm had revenue of $249.16 million for the quarter, compared to analysts’ expectations of $238.26 million. During the same period in the prior year, the business posted $0.75 earnings per share. The company’s revenue was up 25.0% on a year-over-year basis. On average, equities analysts predict that ServiceTitan will post -1.98 EPS for the current year.

Insider Buying and Selling at ServiceTitan

In other ServiceTitan news, CFO David Sherry sold 833 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $91.30, for a total transaction of $76,052.90. Following the completion of the sale, the chief financial officer directly owned 330,948 shares of the company’s stock, valued at $30,215,552.40. This represents a 0.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Vahe Kuzoyan sold 16,388 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $100.62, for a total value of $1,648,960.56. Following the sale, the president owned 1 shares of the company’s stock, valued at $100.62. This trade represents a 99.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 326,676 shares of company stock worth $32,788,864 over the last three months. 51.72% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ServiceTitan

Institutional investors have recently modified their holdings of the company. Woodline Partners LP grew its stake in shares of ServiceTitan by 4.6% in the first quarter. Woodline Partners LP now owns 2,141 shares of the company’s stock worth $204,000 after purchasing an additional 95 shares in the last quarter. PNC Financial Services Group Inc. grew its position in ServiceTitan by 16.1% in the third quarter. PNC Financial Services Group Inc. now owns 858 shares of the company’s stock worth $87,000 after acquiring an additional 119 shares in the last quarter. Toth Financial Advisory Corp increased its stake in shares of ServiceTitan by 150.0% during the 4th quarter. Toth Financial Advisory Corp now owns 250 shares of the company’s stock worth $27,000 after purchasing an additional 150 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of ServiceTitan by 189.1% in the 4th quarter. Farther Finance Advisors LLC now owns 266 shares of the company’s stock valued at $28,000 after purchasing an additional 174 shares during the last quarter. Finally, Cloud Capital Management LLC acquired a new position in ServiceTitan during the third quarter worth $25,000.

ServiceTitan Company Profile

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.