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

ServiceTitan’s (NASDAQ:TTAN) quiet period is set to end on Tuesday, January 21st. ServiceTitan had issued 8,800,000 shares in its IPO 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 prevented from issuing any earnings forecasts or 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 Ratings Changes

TTAN has been the topic of several recent research reports. KeyCorp assumed coverage on shares of ServiceTitan in a research note on Monday, January 6th. They set an “overweight” rating and a $120.00 target price on the stock. Robert W. Baird started coverage on shares of ServiceTitan in a report on Friday, December 27th. They issued an “outperform” rating and a $117.00 price objective for the company. Stifel Nicolaus initiated coverage on ServiceTitan in a research note on Monday, January 6th. They set a “buy” rating and a $120.00 price objective on the stock. Wells Fargo & Company began coverage on ServiceTitan in a report on Monday, January 6th. They set an “overweight” rating and a $125.00 price target on the stock. Finally, Morgan Stanley began coverage on shares of ServiceTitan in a report on Monday, January 6th. They issued an “equal weight” rating and a $104.00 price objective for the company. 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $116.17.

ServiceTitan Trading Down 2.2 %

NASDAQ TTAN opened at $98.12 on Friday. ServiceTitan has a one year low of $91.04 and a one year high of $112.00.

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