Canaccord Genuity Group Issues Positive Forecast for ServiceTitan (NASDAQ:TTAN) Stock Price

ServiceTitan (NASDAQ:TTANFree Report) had its price target boosted by Canaccord Genuity Group from $120.00 to $130.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also issued reports on TTAN. Truist Financial started coverage on ServiceTitan in a research note on Monday, January 6th. They set a “buy” rating and a $120.00 target price on the stock. Stifel Nicolaus reduced their price target on shares of ServiceTitan from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Robert W. Baird assumed coverage on shares of ServiceTitan in a report on Friday, December 27th. They issued an “outperform” rating and a $117.00 price objective for the company. Wells Fargo & Company assumed coverage on shares of ServiceTitan in a report on Monday, January 6th. They set an “overweight” rating and a $125.00 target price on the stock. Finally, Piper Sandler reissued an “overweight” rating and issued a $125.00 price target on shares of ServiceTitan in a research report on Friday, March 14th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, ServiceTitan presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.54.

Read Our Latest Research Report on ServiceTitan

ServiceTitan Trading Up 1.9 %

ServiceTitan stock opened at $119.89 on Thursday. The company has a 50 day moving average of $95.68. ServiceTitan has a 1 year low of $79.81 and a 1 year high of $123.48.

ServiceTitan (NASDAQ:TTANGet Free Report) last announced its earnings results on Monday, January 13th. The company reported ($1.18) earnings per share (EPS) for the quarter. On average, research analysts forecast that ServiceTitan will post -1.98 EPS for the current year.

Insiders Place Their Bets

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

Institutional Trading of ServiceTitan

Several institutional investors and hedge funds have recently made changes to their positions in TTAN. SBI Securities Co. Ltd. acquired a new position in ServiceTitan during the fourth quarter worth approximately $26,000. Harbor Investment Advisory LLC purchased a new position in shares of ServiceTitan during the first quarter worth approximately $31,000. Assetmark Inc. acquired a new position in shares of ServiceTitan in the 4th quarter valued at $67,000. FIL Ltd purchased a new stake in ServiceTitan in the 4th quarter valued at $67,000. Finally, Tower Research Capital LLC TRC acquired a new stake in ServiceTitan during the 4th quarter worth $91,000.

About ServiceTitan

(Get Free Report)

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.

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Analyst Recommendations for ServiceTitan (NASDAQ:TTAN)

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