TimesSquare Capital Management LLC Purchases New Position in ServiceTitan Inc. (NASDAQ:TTAN)

TimesSquare Capital Management LLC acquired a new position in ServiceTitan Inc. (NASDAQ:TTAN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 854,438 shares of the company’s stock, valued at approximately $87,896,000. ServiceTitan comprises about 1.3% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 17th largest holding.

Separately, New York State Common Retirement Fund bought a new stake in ServiceTitan in the fourth quarter worth about $3,692,000.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Morgan Stanley assumed coverage on shares of ServiceTitan in a research note on Monday, January 6th. They issued an “equal weight” rating and a $104.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of ServiceTitan in a research note on Monday, January 6th. They issued a “neutral” rating and a $100.00 price objective for the company. Piper Sandler assumed coverage on shares of ServiceTitan in a research note on Monday, January 6th. They issued an “overweight” rating and a $125.00 price objective for the company. Robert W. Baird assumed coverage on shares of ServiceTitan in a research note on Friday, December 27th. They issued an “outperform” rating and a $117.00 price objective for the company. Finally, Truist Financial assumed coverage on shares of ServiceTitan in a research note on Monday, January 6th. They issued a “buy” rating and a $120.00 price objective for the company. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $116.17.

ServiceTitan Stock Up 0.7 %

Shares of NASDAQ:TTAN opened at $100.76 on Wednesday. ServiceTitan Inc. has a one year low of $91.04 and a one year high of $112.00.

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

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.