Intapp (NASDAQ:INTA - Get Rating) had its target price lowered by research analysts at Truist Financial from $45.00 to $28.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a "buy" rating on the stock. Truist Financial's price target indicates a potential upside of 68.47% from the company's current price.
Several other analysts have also issued reports on the company. Piper Sandler upped their price objective on Intapp from $17.00 to $19.00 and gave the company an "overweight" rating in a research note on Thursday. Oppenheimer dropped their price objective on Intapp from $30.00 to $23.00 and set a "buy" rating on the stock in a research note on Friday, June 17th. Raymond James dropped their price objective on Intapp from $26.00 to $20.00 and set an "outperform" rating on the stock in a research note on Thursday. Finally, Credit Suisse Group dropped their price objective on Intapp from $35.00 to $27.00 in a research note on Thursday, May 12th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $26.50.
Intapp Stock Performance
NASDAQ INTA traded up $1.92 during trading hours on Thursday, hitting $16.62. 2,352 shares of the company traded hands, compared to its average volume of 66,801. The business's 50-day moving average is $15.13 and its 200-day moving average is $19.39. Intapp has a twelve month low of $13.52 and a twelve month high of $39.88. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -8.47 and a beta of 1.25.
Intapp (NASDAQ:INTA - Get Rating) last issued its quarterly earnings results on Wednesday, September 7th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.04. Intapp had a negative return on equity of 47.43% and a negative net margin of 36.46%. During the same quarter in the previous year, the firm earned ($0.39) earnings per share. Analysts predict that Intapp will post -1.5 EPS for the current year.
Hedge Funds Weigh In On Intapp
A number of hedge funds have recently added to or reduced their stakes in INTA. Captrust Financial Advisors bought a new position in Intapp during the 2nd quarter worth $41,000. Amalgamated Bank bought a new position in Intapp during the 1st quarter worth $53,000. Legal & General Group Plc increased its stake in Intapp by 19.5% during the 2nd quarter. Legal & General Group Plc now owns 4,403 shares of the company's stock worth $65,000 after acquiring an additional 719 shares during the period. Capital Impact Advisors LLC bought a new position in Intapp during the 2nd quarter worth $94,000. Finally, PDT Partners LLC bought a new position in Intapp during the 2nd quarter worth $155,000. Institutional investors own 82.27% 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; and OnePlace, a solution to manage various aspects of professional services firms' client and engagement lifecycle.
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