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

Zacks Investment Research cut shares of Intapp (NASDAQ:INTAGet Rating) from a hold rating to a sell rating in a research report report published on Thursday, 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. “

INTA has been the topic of a number of other reports. Raymond James lowered their price target on shares of Intapp from $41.00 to $32.00 and set an outperform rating on the stock in a report on Thursday, February 10th. JPMorgan Chase & Co. lowered their target price on shares of Intapp from $50.00 to $42.00 in a research note on Thursday, February 10th. Piper Sandler lowered their target price 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. Finally, Credit Suisse Group lowered their target price on shares of Intapp from $45.00 to $35.00 in a research note on Thursday, February 10th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Buy and a consensus price target of $37.75.

Shares of Intapp stock opened at $24.79 on Thursday. Intapp has a 1 year low of $17.07 and a 1 year high of $40.91. The firm’s 50-day moving average is $22.87 and its two-hundred day moving average is $24.19.

Intapp (NASDAQ:INTAGet Rating) last issued its earnings results on Wednesday, February 9th. The company reported ($0.34) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.37) by $0.03. The business had revenue of $64.70 million for the quarter, compared to the consensus estimate of $58.65 million. As a group, equities research analysts forecast that Intapp will post -1.5 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Advisor Group Holdings Inc. increased 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 acquiring an additional 680 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Intapp during the 3rd quarter worth $30,000. Squarepoint Ops LLC boosted its stake in Intapp by 1.8% during the 4th quarter. Squarepoint Ops LLC now owns 71,234 shares of the company’s stock worth $1,792,000 after purchasing an additional 1,234 shares during the last quarter. Royal Bank of Canada acquired a new stake in Intapp during the 3rd quarter worth $36,000. Finally, Citigroup Inc. boosted its stake in Intapp by 97.7% during the 4th quarter. Citigroup Inc. now owns 2,936 shares of the company’s stock worth $74,000 after purchasing an additional 1,451 shares during the last quarter. 81.98% of the stock is owned by institutional investors.

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.

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