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

ServiceTitan's (NASDAQ:TTAN - Get Free Report) quiet period is set to expire on Tuesday, January 21st. ServiceTitan had issued 8,800,000 shares in its 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 that worked on 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, it's expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TTAN shares. William Blair started coverage on ServiceTitan in a research report on Monday, January 6th. They set an "outperform" rating on the stock. Morgan Stanley began coverage on ServiceTitan in a research report on Monday, January 6th. They issued an "equal weight" rating and a $104.00 target price for the company. Truist Financial started coverage on shares of ServiceTitan in a research report on Monday, January 6th. They set a "buy" rating and a $120.00 price target on the stock. The Goldman Sachs Group started 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. Finally, Citigroup lifted their target price on shares of ServiceTitan from $109.00 to $113.00 and gave the stock a "neutral" rating in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $116.17.

ServiceTitan Trading Down 3.9 %

TTAN traded down $3.90 during trading on Tuesday, hitting $96.23. 806,496 shares of the company's stock traded hands, compared to its average volume of 451,025. ServiceTitan has a 12-month low of $91.04 and a 12-month high of $112.00.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last released its quarterly earnings data on Monday, January 13th. The company reported ($1.18) 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.