Intapp (NASDAQ:INTA) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research lowered shares of Intapp (NASDAQ:INTA) from a hold rating to a sell rating in a research report sent to investors on Friday morning, 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. “

Several other brokerages have also issued reports on INTA. JPMorgan Chase & Co. increased their price objective on Intapp from $40.00 to $50.00 and gave the stock an overweight rating in a report on Thursday, September 9th. Oppenheimer increased their target price on shares of Intapp from $35.00 to $41.00 and gave the stock an outperform rating in a research report on Thursday, September 9th. Truist Securities increased their target price on shares of Intapp from $40.00 to $45.00 and gave the stock a buy rating in a research report on Thursday, September 9th. Stifel Nicolaus assumed coverage on shares of Intapp in a research report on Monday, July 26th. They set a buy rating and a $40.00 target price on the stock. Finally, Piper Sandler increased their target price on shares of Intapp from $38.00 to $43.00 and gave the stock an overweight rating in a research report on Thursday, September 9th. One analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Buy and a consensus target price of $42.60.

INTA opened at $30.36 on Friday. The firm has a fifty day simple moving average of $34.09. The stock has a market capitalization of $1.84 billion and a price-to-earnings ratio of -24.68. Intapp has a 12-month low of $24.94 and a 12-month high of $40.91.

Intapp (NASDAQ:INTA) last released its earnings results on Tuesday, September 7th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.48) by $0.29. On average, equities analysts anticipate that Intapp will post -1.36 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. FMR LLC acquired a new stake in Intapp during the second quarter worth about $47,571,000. Citadel Advisors LLC acquired a new stake in Intapp during the second quarter worth about $17,487,000. Artemis Investment Management LLP acquired a new stake in Intapp during the second quarter worth about $14,362,000. Jennison Associates LLC acquired a new stake in Intapp during the second quarter worth about $13,300,000. Finally, Millennium Management LLC acquired a new stake in Intapp during the second quarter worth about $10,197,000. 84.50% of the stock is currently owned by institutional investors.

Intapp Company Profile

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. The company's 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 a professional services firm's client and engagement lifecycle.

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Analyst Recommendations for Intapp (NASDAQ:INTA)

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