BTIG Research Lowers ServiceTitan (NASDAQ:TTAN) Price Target to $105.00

ServiceTitan (NASDAQ:TTAN) had its target price dropped by research analysts at BTIG Research from $130.00 to $105.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s target price indicates a potential upside of 33.78% from the company’s previous close.

A number of other research analysts have also weighed in on the company. Morgan Stanley raised their price objective on ServiceTitan from $118.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, December 5th. Wells Fargo & Company lowered their target price on ServiceTitan from $140.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. KeyCorp reiterated an “overweight” rating on shares of ServiceTitan in a report on Tuesday, December 16th. BMO Capital Markets cut their target price on ServiceTitan from $125.00 to $108.00 and set an “outperform” rating on the stock in a research report on Thursday, March 5th. Finally, The Goldman Sachs Group began coverage on ServiceTitan in a report on Tuesday, January 13th. They set a “neutral” rating and a $117.00 price target on the stock. Fourteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.50.

ServiceTitan Stock Performance

TTAN opened at $78.49 on Thursday. The firm’s fifty day simple moving average is $80.65 and its two-hundred day simple moving average is $93.93. ServiceTitan has a 52-week low of $58.01 and a 52-week high of $131.33. The company has a market cap of $7.35 billion, a price-to-earnings ratio of -19.24 and a beta of -0.72. The company has a quick ratio of 4.14, a current ratio of 4.14 and a debt-to-equity ratio of 0.07.

Insiders Place Their Bets

In other ServiceTitan news, CAO Michele O’connor sold 1,678 shares of ServiceTitan stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $105.30, for a total value of $176,693.40. Following the completion of the sale, the chief accounting officer owned 89,571 shares in the company, valued at $9,431,826.30. The trade was a 1.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Vahe Kuzoyan sold 16,388 shares of ServiceTitan stock in a transaction on Monday, January 5th. The shares were sold at an average price of $100.62, for a total transaction of $1,648,960.56. Following the completion of the transaction, the president owned 1 shares in the company, valued at approximately $100.62. This trade represents a 99.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 85,180 shares of company stock valued at $8,620,383 in the last quarter. Corporate insiders own 51.72% of the company’s stock.

Institutional Investors Weigh In On ServiceTitan

Several institutional investors have recently bought and sold shares of the business. Cloud Capital Management LLC acquired a new stake in shares of ServiceTitan in the third quarter worth $25,000. Toth Financial Advisory Corp boosted its position in shares of ServiceTitan by 150.0% in the fourth quarter. Toth Financial Advisory Corp now owns 250 shares of the company’s stock worth $27,000 after buying an additional 150 shares during the period. Farther Finance Advisors LLC grew its stake in shares of ServiceTitan by 189.1% in the fourth quarter. Farther Finance Advisors LLC now owns 266 shares of the company’s stock valued at $28,000 after buying an additional 174 shares in the last quarter. eCIO Inc. purchased a new stake in shares of ServiceTitan during the 4th quarter valued at about $30,000. Finally, Elevation Wealth Partners LLC acquired a new stake in ServiceTitan during the 4th quarter valued at $36,000.

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.