Intapp (NASDAQ:INTA) Price Target Cut to $26.00

Intapp (NASDAQ:INTA – Get Rating) had its price target lowered by equities research analysts at Raymond James from $32.00 to $26.00 in a research note issued to investors on Thursday, The Fly reports. Raymond James’ price target indicates a potential upside of 25.00% from the company’s previous close.

Several other equities analysts have also commented on the stock. Zacks Investment Research upgraded shares of Intapp from a “sell” rating to a “hold” rating in a research report on Tuesday. Credit Suisse Group lowered their price target on shares of Intapp from $45.00 to $35.00 in a report on Thursday, February 10th. Piper Sandler reduced their price objective on Intapp from $36.00 to $31.00 and set an “overweight” rating on the stock in a research note on Thursday, January 13th. Finally, JPMorgan Chase & Co. dropped their target price on Intapp from $50.00 to $42.00 in a report on Thursday, February 10th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $36.00.

Shares of INTA stock opened at $20.80 on Thursday. Intapp has a 12-month low of $17.07 and a 12-month high of $40.91. The stock’s 50-day moving average price is $23.82 and its 200-day moving average price is $24.06.

Intapp (NASDAQ:INTA – Get Rating) last released its quarterly earnings results on Wednesday, May 11th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.36. Intapp had a negative return on equity of 60.25% and a negative net margin of 36.46%. As a group, analysts predict that Intapp will post -1.5 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new position in Intapp in the 3rd quarter worth about $30,000. Royal Bank of Canada purchased a new position in shares of Intapp during the third quarter worth approximately $36,000. Advisor Group Holdings Inc. raised its stake in shares of Intapp by 87.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 1,456 shares of the company’s stock valued at $37,000 after acquiring an additional 680 shares in the last quarter. Citigroup Inc. bought a new stake in shares of Intapp during the third quarter valued at approximately $38,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of Intapp in the third quarter valued at approximately $46,000. Hedge funds and other institutional investors own 81.96% of the company’s stock.

Intapp Company Profile (Get Rating)

Intapp, Inc, through its subsidiary, Integration Appliance, Inc, provides industry-specific cloud-based software solutions for the professional and financial services industry in the United States, the United Kingdom, and internationally. Its solutions include DealCloud, a deal and relationship management solution that manages financial services firms' market relationships, prospective clients and investments, current engagements and deal processes, and operations and compliance activities; and OnePlace, a solution to manage various aspects of professional services firms' client and engagement lifecycle.

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