ServiceTitan Inc.’s (NASDAQ:TTAN) Quiet Period Will End 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 the company’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports 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

TTAN has been the topic of several analyst reports. Loop Capital assumed coverage on ServiceTitan in a research report on Monday, January 6th. They set a “hold” rating and a $105.00 price target on the stock. William Blair initiated coverage on shares of ServiceTitan in a research note on Monday, January 6th. They set an “outperform” rating on the stock. 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 target on the stock. Wells Fargo & Company assumed coverage on shares of ServiceTitan in a research report on Monday, January 6th. They set an “overweight” rating and a $125.00 price target on the stock. Finally, Baird R W upgraded 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 issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.17.

ServiceTitan Stock Performance

NASDAQ:TTAN opened at $98.87 on Thursday. ServiceTitan has a 1-year low of $91.04 and a 1-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 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.