Intapp (NASDAQ:INTA) Upgraded by Zacks Investment Research to Hold

Intapp (NASDAQ:INTA – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday, 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 research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. cut their target price on shares of Intapp from $50.00 to $42.00 in a research report on Thursday, February 10th. Credit Suisse Group cut their price objective on shares of Intapp from $35.00 to $27.00 in a research report on Thursday, May 12th. Finally, Raymond James cut their price objective on shares of Intapp from $32.00 to $26.00 in a research report on Thursday, May 12th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $36.00.

NASDAQ:INTA opened at $20.76 on Tuesday. Intapp has a 12 month low of $17.07 and a 12 month high of $40.91. The company has a market cap of $1.28 billion and a PE ratio of -10.54. The company has a 50 day simple moving average of $23.79 and a two-hundred day simple moving average of $23.97.

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

Institutional investors have recently modified their holdings of the stock. Point72 Hong Kong Ltd bought a new position in Intapp in the 3rd quarter worth $30,000. Royal Bank of Canada bought a new position in Intapp in the 3rd quarter worth $36,000. Advisor Group Holdings Inc. boosted its holdings in 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 buying an additional 680 shares during the period. Citigroup Inc. bought a new position in Intapp in the 3rd quarter worth $38,000. Finally, New York State Common Retirement Fund bought a new position in Intapp in the 3rd quarter worth $46,000. 81.96% of the stock is owned by 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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