ServiceTitan Inc.’s (NASDAQ:TTAN) Quiet Period To End on January 21st

ServiceTitan’s (NASDAQ:TTAN) quiet period is set to expire on Tuesday, January 21st. ServiceTitan had issued 8,800,000 shares in its initial public offering on December 12th. The total size of the offering was $624,800,000 based on an initial share price of $71.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. William Blair assumed coverage on shares of ServiceTitan in a report on Monday, January 6th. They issued an “outperform” rating on the stock. Canaccord Genuity Group started coverage on ServiceTitan in a report on Monday, January 6th. They issued a “buy” rating and a $120.00 price target for the company. KeyCorp assumed coverage on ServiceTitan in a report on Monday, January 6th. They set an “overweight” rating and a $120.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and issued a $125.00 target price on shares of ServiceTitan in a report on Monday. Finally, Piper Sandler assumed coverage on shares of ServiceTitan in a research note on Monday, January 6th. They set an “overweight” rating and a $125.00 price target on the stock. Four equities 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $115.83.

ServiceTitan Stock Performance

Shares of TTAN stock opened at $100.13 on Tuesday. ServiceTitan has a twelve month low of $94.02 and a twelve month high of $112.00.

ServiceTitan (NASDAQ:TTAN) last issued its quarterly earnings results on Monday, January 13th. The company reported ($1.18) earnings per share for the quarter.

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.