Intapp (NASDAQ:INTA) Downgraded by Zacks Investment Research

Intapp (NASDAQ:INTAGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, 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. “

INTA has been the subject of a number of other reports. Piper Sandler decreased their price objective on Intapp from $36.00 to $31.00 and set an “overweight” rating for the company in a research note on Thursday, January 13th. Raymond James decreased their price objective on Intapp from $41.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, February 10th. Credit Suisse Group decreased their price objective on Intapp from $45.00 to $35.00 in a research note on Thursday, February 10th. Finally, JPMorgan Chase & Co. decreased their price objective on Intapp from $50.00 to $42.00 in a research note on Thursday, February 10th. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $37.75.

INTA opened at $24.52 on Wednesday. Intapp has a 12-month low of $17.07 and a 12-month high of $40.91. The business’s fifty day simple moving average is $23.60 and its 200-day simple moving average is $24.21.

Intapp (NASDAQ:INTAGet Rating) last issued its quarterly earnings data on Wednesday, February 9th. The company reported ($0.34) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.03. The company had revenue of $64.70 million for the quarter, compared to analysts’ expectations of $58.65 million. On average, equities analysts expect that Intapp will post -1.5 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in Intapp by 11.2% in the fourth quarter. BlackRock Inc. now owns 621,539 shares of the company’s stock valued at $15,638,000 after buying an additional 62,501 shares during the last quarter. Jennison Associates LLC raised its stake in Intapp by 12.1% in the third quarter. Jennison Associates LLC now owns 532,271 shares of the company’s stock valued at $13,711,000 after buying an additional 57,271 shares during the last quarter. Geode Capital Management LLC raised its stake in Intapp by 12.7% in the fourth quarter. Geode Capital Management LLC now owns 217,498 shares of the company’s stock valued at $5,472,000 after buying an additional 24,448 shares during the last quarter. Brookfield Asset Management Inc. raised its stake in Intapp by 20.6% in the third quarter. Brookfield Asset Management Inc. now owns 200,000 shares of the company’s stock valued at $5,152,000 after buying an additional 34,166 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Intapp by 64.6% in the fourth quarter. Millennium Management LLC now owns 184,504 shares of the company’s stock worth $4,642,000 after purchasing an additional 72,436 shares during the last quarter. 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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