Intapp (NASDAQ:INTA) Updates FY 2022 Earnings Guidance

Intapp (NASDAQ:INTA – Get Rating) issued an update on its FY 2022 earnings guidance on Wednesday morning. The company provided earnings per share guidance of -$0.16–$0.15 for the period, compared to the consensus earnings per share estimate of -$0.25. The company issued revenue guidance of $267.50 million-$268.50 million, compared to the consensus revenue estimate of $259.99 million.Intapp also updated its Q4 2022 guidance to -$0.08–$0.07 EPS.

Shares of NASDAQ:INTA traded up $2.03 on Thursday, hitting $21.58. The company had a trading volume of 3,318 shares, compared to its average volume of 158,901. The firm’s 50-day simple moving average is $23.88 and its two-hundred day simple moving average is $24.14. Intapp has a 1 year low of $17.07 and a 1 year high of $40.91.

Intapp (NASDAQ:INTA – Get Rating) last posted its earnings results on Wednesday, May 11th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.36. Equities analysts forecast that Intapp will post -1.5 EPS for the current fiscal year.

Several brokerages recently issued reports on INTA. Credit Suisse Group decreased their price target on shares of Intapp from $35.00 to $27.00 in a research note on Thursday. Raymond James decreased their price target on shares of Intapp from $32.00 to $26.00 in a research note on Thursday. Piper Sandler decreased their price target on shares of Intapp from $36.00 to $31.00 and set an overweight rating for the company in a research note on Thursday, January 13th. JPMorgan Chase & Co. decreased their price target on shares of Intapp from $50.00 to $42.00 in a research note on Thursday, February 10th. Finally, Zacks Investment Research upgraded shares of Intapp from a sell rating to a hold rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Buy and an average target price of $36.00.

A number of large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada bought a new stake in shares of Intapp in the third quarter worth approximately $36,000. Advisor Group Holdings Inc. grew its stake in shares of Intapp by 87.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 1,456 shares of the company’s stock worth $37,000 after acquiring an additional 680 shares during the period. Citigroup Inc. grew its stake in shares of Intapp by 97.7% in the fourth quarter. Citigroup Inc. now owns 2,936 shares of the company’s stock worth $74,000 after acquiring an additional 1,451 shares during the period. Legal & General Group Plc grew its stake in shares of Intapp by 234.4% in the fourth quarter. Legal & General Group Plc now owns 3,307 shares of the company’s stock worth $83,000 after acquiring an additional 2,318 shares during the period. Finally, California State Teachers Retirement System bought a new stake in shares of Intapp in the third quarter worth approximately $140,000. Institutional investors and hedge funds 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.

Recommended Stories