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

Zacks Investment Research upgraded shares of Intapp (NASDAQ:INTA – Get Rating) 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. “

A number of other equities analysts have also commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Intapp from $50.00 to $42.00 in a research report on Thursday, February 10th. Credit Suisse Group reduced their target price on shares of Intapp from $45.00 to $35.00 in a research report on Thursday, February 10th. Raymond James reduced their target price on shares of Intapp from $41.00 to $32.00 and set an outperform rating on the stock in a research report on Thursday, February 10th. Finally, Piper Sandler reduced their target price on shares of Intapp from $36.00 to $31.00 and set an overweight rating on the stock in a research report on Thursday, January 13th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Intapp presently has an average rating of Buy and a consensus price target of $36.00.

Intapp stock opened at $20.80 on Tuesday. Intapp has a 1-year low of $17.07 and a 1-year high of $40.91. The firm has a market capitalization of $1.28 billion and a P/E ratio of -10.56. The company’s 50-day moving average is $23.82 and its 200 day moving average is $24.06.

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, topping analysts’ consensus estimates of ($0.40) by $0.36. On average, equities analysts predict that Intapp will post -1.5 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Point72 Hong Kong Ltd acquired a new stake in Intapp in the third quarter valued at approximately $30,000. Royal Bank of Canada acquired a new stake in Intapp in the third quarter valued at approximately $36,000. Advisor Group Holdings Inc. boosted its stake in Intapp by 87.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 1,456 shares of the company’s stock valued at $37,000 after acquiring an additional 680 shares in the last quarter. Citigroup Inc. acquired a new stake in Intapp in the third quarter valued at approximately $38,000. Finally, New York State Common Retirement Fund acquired a new stake in Intapp in the third quarter valued at approximately $46,000. 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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