Intapp (NASDAQ:INTA) PT Lowered to $26.00 at Raymond James

Intapp (NASDAQ:INTAGet Rating) had its price target reduced by analysts at Raymond James from $32.00 to $26.00 in a research note issued on Thursday, The Fly reports. Raymond James’ price objective would indicate a potential upside of 32.99% from the company’s current price.

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

Shares of INTA stock opened at $19.55 on Thursday. Intapp has a 52 week low of $17.07 and a 52 week high of $40.91. The company has a 50-day simple moving average of $23.88 and a 200 day simple moving average of $24.14.

Intapp (NASDAQ:INTAGet Rating) last released its quarterly earnings data on Wednesday, May 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.36. On average, research analysts forecast that Intapp will post -1.5 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INTA. BlackRock Inc. boosted its holdings in shares of Intapp by 11.2% during the fourth quarter. BlackRock Inc. now owns 621,539 shares of the company’s stock worth $15,638,000 after purchasing an additional 62,501 shares during the last quarter. Jennison Associates LLC raised its position in shares of Intapp by 12.1% during the 3rd quarter. Jennison Associates LLC now owns 532,271 shares of the company’s stock worth $13,711,000 after purchasing an additional 57,271 shares during the period. Geode Capital Management LLC grew its holdings in Intapp by 12.7% in the 4th quarter. Geode Capital Management LLC now owns 217,498 shares of the company’s stock worth $5,472,000 after buying an additional 24,448 shares in the last quarter. Brookfield Asset Management Inc. grew its holdings in Intapp by 20.6% in the 3rd quarter. Brookfield Asset Management Inc. now owns 200,000 shares of the company’s stock worth $5,152,000 after buying an additional 34,166 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Intapp by 64.6% during the 4th quarter. Millennium Management LLC now owns 184,504 shares of the company’s stock valued at $4,642,000 after purchasing an additional 72,436 shares in the last quarter. 81.96% of the stock is owned by hedge funds and other institutional investors.

About Intapp (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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