Intapp (NASDAQ:INTA) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Intapp (NASDAQ:INTA – Get Rating) from a hold rating to a sell rating in a report published on Thursday morning, Zacks.com reports.

According to Zacks, “Intapp Inc. is a provider of industry-specific, cloud-based software solutions which enable connected professional and financial services firms. Intapp Inc. is based in PALO ALTO, Calif. “

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. decreased their price target on shares of Intapp from $50.00 to $42.00 in a research report on Thursday, February 10th. Piper Sandler cut their price target on Intapp from $36.00 to $31.00 and set an overweight rating on the stock in a report on Thursday, January 13th. Credit Suisse Group decreased their price objective on Intapp from $45.00 to $35.00 in a research note on Thursday, February 10th. Finally, Raymond James reduced their target price on shares of Intapp from $41.00 to $32.00 and set an outperform rating on the stock in a report on Thursday, February 10th. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Buy and an average price target of $37.75.

INTA opened at $25.32 on Thursday. Intapp has a 52 week low of $17.07 and a 52 week high of $40.91. The business has a fifty day simple moving average of $23.45 and a 200-day simple moving average of $24.21.

Intapp (NASDAQ:INTA – Get Rating) last announced its earnings results on Wednesday, February 9th. The company reported ($0.34) EPS for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.03. The firm had revenue of $64.70 million for the quarter, compared to analysts’ expectations of $58.65 million. Equities research analysts predict that Intapp will post -1.5 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd purchased a new stake in Intapp in the 3rd quarter valued at approximately $30,000. Royal Bank of Canada acquired a new stake in shares of Intapp during the 3rd quarter worth $36,000. Advisor Group Holdings Inc. raised its holdings in shares of Intapp by 87.6% in the 4th quarter. Advisor Group Holdings Inc. now owns 1,456 shares of the company’s stock worth $37,000 after purchasing an additional 680 shares during the period. Citigroup Inc. acquired a new position in Intapp during the third quarter valued at approximately $38,000. Finally, New York State Common Retirement Fund purchased a new stake in Intapp during the 3rd quarter worth $46,000. Hedge funds and other institutional investors own 81.98% 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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