Assetmark Inc. acquired a new stake in ServiceTitan Inc. (NASDAQ:TTAN – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 652 shares of the company’s stock, valued at approximately $67,000.
Several other hedge funds also recently modified their holdings of TTAN. TimesSquare Capital Management LLC acquired a new position in ServiceTitan during the fourth quarter valued at approximately $87,896,000. Principal Financial Group Inc. bought a new stake in shares of ServiceTitan during the 4th quarter worth approximately $25,365,000. Victory Capital Management Inc. bought a new stake in shares of ServiceTitan during the 4th quarter worth approximately $10,450,000. New York State Common Retirement Fund acquired a new stake in shares of ServiceTitan in the 4th quarter valued at approximately $3,692,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of ServiceTitan in the fourth quarter valued at $26,000.
Analyst Upgrades and Downgrades
TTAN has been the topic of several analyst reports. Truist Financial assumed coverage on shares of ServiceTitan in a research report on Monday, January 6th. They set a “buy” rating and a $120.00 price target on the stock. Robert W. Baird assumed coverage on shares of ServiceTitan in a research note on Friday, December 27th. They issued an “outperform” rating and a $117.00 target price for the company. Citigroup boosted their price target on ServiceTitan from $109.00 to $113.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Canaccord Genuity Group started coverage on ServiceTitan in a research report on Monday, January 6th. They issued a “buy” rating and a $120.00 price objective for the company. Finally, Stifel Nicolaus decreased their target price on ServiceTitan from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Friday. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $114.33.
ServiceTitan Stock Up 12.9 %
Shares of ServiceTitan stock opened at $93.00 on Friday. ServiceTitan Inc. has a twelve month low of $79.81 and a twelve month high of $112.00. The business has a 50-day simple moving average of $97.14.
ServiceTitan (NASDAQ:TTAN – Get Free Report) last released its quarterly earnings results on Monday, January 13th. The company reported ($1.18) earnings per share for the quarter. As a group, equities research analysts expect that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.
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.
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