ServiceTitan (NASDAQ:TTAN) Hits New 52-Week Low – Time to Sell?

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. William Blair began coverage on ServiceTitan in a report on Monday, January 6th. They issued an “outperform” rating for the company. Robert W. Baird began coverage on ServiceTitan in a research note on Friday, December 27th. They issued an “outperform” rating and a $117.00 price objective for the company. The Goldman Sachs Group started coverage on shares of ServiceTitan in a research note on Monday, January 6th. They set a “neutral” rating and a $100.00 target price on the stock. Citigroup boosted their price target on shares of ServiceTitan from $109.00 to $113.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Finally, KeyCorp started coverage on shares of ServiceTitan in a report on Monday, January 6th. They issued an “overweight” rating and a $120.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $116.17.

ServiceTitan Price Performance

The stock has a 50-day simple moving average of $99.38.

ServiceTitan (NASDAQ:TTAN) last released its quarterly earnings results on Monday, January 13th. The company reported ($1.18) earnings per share (EPS) for the quarter. On average, analysts expect that ServiceTitan Inc. will post -1.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

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