Intapp (NASDAQ:INTA) Lowered to Hold Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Intapp from a “buy” to a “hold” rating, adding to a mixed analyst picture for the stock.
• Analyst opinions are split overall, with Intapp now carrying an average Hold rating and a consensus price target of $34.57.
• Intapp reported better-than-expected quarterly results, including EPS of $0.29 and revenue of $146.04 million, while the company also authorized a $200 million share repurchase plan.

Intapp (NASDAQ:INTA - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

Several other analysts also recently issued reports on the stock. Oppenheimer reaffirmed a "market perform" rating on shares of Intapp in a report on Thursday, February 26th. Truist Financial set a $35.00 price objective on shares of Intapp in a report on Wednesday, February 4th. UBS Group decreased their price objective on shares of Intapp from $54.00 to $46.00 and set a "buy" rating for the company in a report on Thursday, April 23rd. JPMorgan Chase & Co. reduced their price target on shares of Intapp from $58.00 to $47.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, Barclays increased their price target on shares of Intapp from $20.00 to $25.00 and gave the company an "underweight" rating in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $34.57.

Intapp Trading Up 3.6%

NASDAQ INTA opened at $24.84 on Friday. The company has a fifty day simple moving average of $24.08 and a 200 day simple moving average of $33.41. The company has a market cap of $1.91 billion, a P/E ratio of -54.00, a P/E/G ratio of 85.64 and a beta of 0.49. Intapp has a 1 year low of $19.24 and a 1 year high of $58.84.

Intapp (NASDAQ:INTA - Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. The business had revenue of $146.04 million during the quarter, compared to the consensus estimate of $144.32 million. Intapp had a negative net margin of 6.48% and a negative return on equity of 2.28%. Intapp's quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 EPS. Intapp has set its Q4 2026 guidance at 0.360-0.380 EPS and its FY 2026 guidance at 1.220-1.240 EPS. Equities research analysts forecast that Intapp will post 0.01 EPS for the current fiscal year.

Intapp announced that its Board of Directors has authorized a share repurchase plan on Tuesday, February 3rd that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to purchase up to 7.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Institutional Trading of Intapp

A number of hedge funds have recently bought and sold shares of the stock. Natixis Advisors LLC boosted its holdings in Intapp by 2.2% in the 3rd quarter. Natixis Advisors LLC now owns 11,603 shares of the company's stock valued at $475,000 after purchasing an additional 250 shares during the period. Diversified Trust Co. raised its stake in shares of Intapp by 3.2% in the 4th quarter. Diversified Trust Co. now owns 8,653 shares of the company's stock valued at $396,000 after buying an additional 269 shares in the last quarter. Sowell Financial Services LLC raised its stake in shares of Intapp by 4.9% in the 4th quarter. Sowell Financial Services LLC now owns 6,797 shares of the company's stock valued at $311,000 after buying an additional 320 shares in the last quarter. Caxton Associates LLP raised its stake in shares of Intapp by 6.9% in the 2nd quarter. Caxton Associates LLP now owns 5,982 shares of the company's stock valued at $309,000 after buying an additional 388 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of Intapp by 33.2% in the 3rd quarter. Assetmark Inc. now owns 1,765 shares of the company's stock valued at $72,000 after buying an additional 440 shares in the last quarter. 89.96% of the stock is owned by institutional investors.

About Intapp

Intapp, Inc, headquartered in Palo Alto, California, is a leading provider of cloud-based software solutions designed to meet the unique needs of professional services firms, including law firms, accounting practices, and financial institutions. The company's integrated platform connects front-office business development with back-office risk and compliance functions, enabling organizations to streamline workflows, improve collaboration and enhance client service.

Intapp's suite of applications—such as Intake, Conflicts, Risk, Open, Time and Flow—addresses the entire client lifecycle.

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