Weiss Ratings Reaffirms "Sell (E+)" Rating for Intapp (NASDAQ:INTA)

Key Points

• Weiss Ratings has reiterated a "Sell (E+)" rating for Intapp (NASDAQ:INTA), indicating analysts' ongoing concerns about the stock's performance.
• Recent price targets for Intapp have been adjusted down by several firms, with UBS lowering its target to $72 and Citigroup to $53, reflecting varied analyst sentiment on the stock.
• Intapp reported a quarterly EPS of $0.27, exceeding estimates, while introducing share repurchase plans amounting to $150 million, suggesting that the board views the stock as undervalued.

Intapp (NASDAQ:INTA - Get Free Report)'s stock had its "sell (e+)" rating reiterated by investment analysts at Weiss Ratings in a research note issued on Tuesday,Weiss Ratings reports.

A number of other analysts also recently commented on INTA. UBS Group decreased their price objective on shares of Intapp from $83.00 to $72.00 and set a "buy" rating on the stock in a report on Wednesday, August 13th. Citigroup decreased their price objective on shares of Intapp from $66.00 to $53.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th. Stifel Nicolaus decreased their price objective on shares of Intapp from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, July 8th. Barclays reduced their price target on shares of Intapp from $47.00 to $43.00 and set an "underweight" rating on the stock in a report on Tuesday. Finally, Piper Sandler raised shares of Intapp to a "neutral" rating and set a $55.00 price target on the stock in a report on Tuesday, June 24th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $60.13.

Intapp Stock Performance

INTA stock traded up $0.08 during trading on Tuesday, reaching $37.24. 434,270 shares of the company were exchanged, compared to its average volume of 743,990. The company has a market cap of $3.05 billion, a P/E ratio of -155.16, a PEG ratio of 16.09 and a beta of 0.71. Intapp has a 52-week low of $35.51 and a 52-week high of $77.74. The stock's 50 day moving average price is $42.34 and its 200 day moving average price is $48.42.

Intapp (NASDAQ:INTA - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. The firm had revenue of $135.04 million for the quarter, compared to the consensus estimate of $132.07 million. Intapp had a negative net margin of 3.61% and a negative return on equity of 0.89%. The firm's revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.15 earnings per share. Intapp has set its Q1 2026 guidance at 0.180-0.200 EPS. FY 2026 guidance at 1.090-1.130 EPS. As a group, equities research analysts forecast that Intapp will post -0.14 EPS for the current year.

Intapp declared that its board has authorized a share repurchase plan on Tuesday, August 12th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the company to reacquire up to 5.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider David Benjamin Harrison sold 6,690 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $42.06, for a total value of $281,381.40. Following the completion of the transaction, the insider owned 12,447 shares of the company's stock, valued at $523,520.82. The trade was a 34.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David H. Morton, Jr. sold 10,000 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $42.95, for a total transaction of $429,500.00. Following the transaction, the chief financial officer directly owned 36,855 shares of the company's stock, valued at $1,582,922.25. This trade represents a 21.34% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,169 shares of company stock valued at $4,292,798. 11.21% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Intapp

Institutional investors and hedge funds have recently bought and sold shares of the stock. REAP Financial Group LLC increased its position in Intapp by 218.5% during the second quarter. REAP Financial Group LLC now owns 481 shares of the company's stock worth $25,000 after purchasing an additional 330 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Intapp by 74.2% in the first quarter. Farther Finance Advisors LLC now owns 526 shares of the company's stock worth $31,000 after acquiring an additional 224 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Intapp in the second quarter worth $31,000. Caitong International Asset Management Co. Ltd increased its position in shares of Intapp by 356.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 643 shares of the company's stock worth $33,000 after acquiring an additional 502 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Intapp in the first quarter worth $36,000. Institutional investors and hedge funds own 89.96% of the company's stock.

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. 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; collaboration and content solutions, including Intapp documents, an engagement-centric document management system, and Intapp workspaces; risk and compliance management solutions, such as Intapp conflicts, Intapp intake, Intapp terms, Intapp walls, and Intapp employee compliance; and operational and financial management solutions comprising Intapp Billstream, a cloud-based automated proforma invoice solution, Intapp time, and Intapp terms.

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