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

ServiceTitan’s (NASDAQ:TTAN) quiet period will 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 underwriters involved in the IPO are prevented from issuing any research reports or earnings estimates 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.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. The Goldman Sachs Group initiated coverage on ServiceTitan in a report on Monday, January 6th. They issued a “neutral” rating and a $100.00 target price on the stock. Morgan Stanley initiated 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 on the stock. William Blair assumed coverage on shares of ServiceTitan in a research report on Monday, January 6th. They set an “outperform” rating for the company. Citigroup lifted their price target on shares of ServiceTitan from $109.00 to $113.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Baird R W raised shares of ServiceTitan to a “strong-buy” rating in a research report on Friday, December 27th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $116.17.

ServiceTitan Trading Down 2.2 %

Shares of TTAN stock opened at $98.12 on Friday. ServiceTitan has a 12-month low of $91.04 and a 12-month high of $112.00.

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