Intapp, Inc. (NASDAQ:INTA) Given Average Recommendation of “Buy” by Brokerages

Shares of Intapp, Inc. (NASDAQ:INTA – Get Rating) have been given a consensus rating of “Buy” by the nine ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $36.00.

Several equities research analysts have recently weighed in on INTA shares. Zacks Investment Research raised Intapp from a “sell” rating to a “hold” rating in a research report on Tuesday, May 17th. JPMorgan Chase & Co. reduced their target price on Intapp from $50.00 to $42.00 in a research report on Thursday, February 10th. Credit Suisse Group reduced their target price on Intapp from $35.00 to $27.00 in a research report on Thursday, May 12th. Finally, Raymond James reduced their target price on Intapp from $32.00 to $26.00 in a research report on Thursday, May 12th.

Shares of Intapp stock opened at $22.19 on Friday. Intapp has a 12-month low of $17.07 and a 12-month high of $40.91. The stock has a market capitalization of $1.38 billion and a P/E ratio of -11.26. The stock has a 50 day moving average price of $23.67 and a two-hundred day moving average price of $23.82.

Intapp (NASDAQ:INTA – Get Rating) last posted its quarterly earnings data on Wednesday, May 11th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.36. Intapp had a negative return on equity of 47.43% and a negative net margin of 36.46%. Analysts expect that Intapp will post -1.5 EPS for the current year.

Large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Intapp in the third quarter valued at $14,401,000. Brookfield Asset Management Inc. increased its stake in shares of 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 in the last quarter. Dupont Capital Management Corp acquired a new stake in Intapp in the fourth quarter worth about $176,000. New York State Common Retirement Fund acquired a new stake in Intapp in the third quarter worth about $46,000. Finally, Metropolitan Life Insurance Co NY acquired a new stake in Intapp in the third quarter worth about $83,000. Institutional investors own 81.96% of the company’s stock.

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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