ServiceTitan (NASDAQ:TTAN) Sets New 12-Month Low – Should You Sell?

ServiceTitan Inc. (NASDAQ:TTAN) reached a new 52-week low on Tuesday . The company traded as low as $90.27 and last traded at $91.51, with a volume of 6881 shares. The stock had previously closed at $92.88.

Analyst Ratings Changes

Several analysts have commented on the company. The Goldman Sachs Group began coverage on ServiceTitan in a report on Monday, January 6th. They issued a “neutral” rating and a $100.00 price objective on the stock. KeyCorp assumed coverage on shares of ServiceTitan in a report on Monday, January 6th. They issued an “overweight” rating and a $120.00 price target for the company. Wells Fargo & Company began coverage on shares of ServiceTitan in a report on Monday, January 6th. They set an “overweight” rating and a $125.00 price objective on the stock. Stifel Nicolaus started coverage on shares of ServiceTitan in a research note on Monday, January 6th. They set a “buy” rating and a $120.00 target price for the company. Finally, Morgan Stanley set a $104.00 price target on shares of ServiceTitan in a research report on Tuesday, January 14th. Four equities research 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $116.17.

ServiceTitan Trading Down 1.7 %

The firm’s 50-day moving average price is $99.38.

ServiceTitan (NASDAQ:TTAN) last posted its earnings results on Monday, January 13th. The company reported ($1.18) earnings per share for the quarter. As a group, research analysts anticipate that ServiceTitan Inc. will post -1.98 earnings per share for the current year.

Hedge Funds Weigh In On ServiceTitan

Large investors have recently modified their holdings of the business. SBI Securities Co. Ltd. acquired a new stake in shares of ServiceTitan during the 4th quarter worth about $26,000. Assetmark Inc. purchased a new stake in shares of ServiceTitan in the 4th quarter valued at approximately $67,000. FIL Ltd acquired a new position in shares of ServiceTitan in the 4th quarter worth approximately $67,000. Tower Research Capital LLC TRC purchased a new position in shares of ServiceTitan during the 4th quarter worth approximately $91,000. Finally, Insight Holdings Group LLC purchased a new stake in ServiceTitan in the fourth quarter valued at approximately $103,000.

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.