ServiceTitan Inc.’s (NASDAQ:TTAN) Quiet Period Set To Expire Tomorrow

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 ServiceTitan’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

A number of equities analysts have recently commented on TTAN shares. Loop Capital started coverage on shares of ServiceTitan in a report on Monday, January 6th. They issued a “hold” rating and a $105.00 target price on the stock. The Goldman Sachs Group began coverage on shares of ServiceTitan in a research report on Monday, January 6th. They issued a “neutral” rating and a $100.00 price objective on the stock. Baird R W upgraded shares of ServiceTitan to a “strong-buy” rating in a research report on Friday, December 27th. William Blair assumed coverage on shares of ServiceTitan in a research report on Monday, January 6th. They set an “outperform” rating on the stock. Finally, Piper Sandler initiated coverage on shares of ServiceTitan in a research report on Monday, January 6th. They issued an “overweight” rating and a $125.00 price objective on the stock. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $116.17.

ServiceTitan Stock Down 2.2 %

NASDAQ TTAN opened at $98.12 on Monday. ServiceTitan has a 12 month low of $91.04 and a 12 month high of $112.00.

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

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.