Intapp (NASDAQ:INTA) Rating Lowered to Buy at Wall Street Zen

Intapp (NASDAQ:INTA) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Sunday.

A number of other brokerages also recently commented on INTA. Oppenheimer restated a “market perform” rating on shares of Intapp in a report on Thursday, February 26th. JPMorgan Chase & Co. reduced their price target on Intapp from $70.00 to $58.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Barclays reduced their price target on Intapp from $35.00 to $20.00 and set an “underweight” rating on the stock in a research note on Monday, April 13th. Piper Sandler reduced their price target on Intapp from $33.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, February 26th. Finally, Truist Financial set a $35.00 price target on Intapp in a research note on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $37.57.

Intapp Stock Down 0.5%

Shares of Intapp stock opened at $22.70 on Friday. The company has a market cap of $1.83 billion, a PE ratio of -75.67, a P/E/G ratio of 99.96 and a beta of 0.64. The business has a 50 day moving average of $24.08 and a 200 day moving average of $34.60. Intapp has a 52 week low of $19.24 and a 52 week high of $59.10.

Intapp (NASDAQ:INTA) last announced its earnings results on Tuesday, February 3rd. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. The company had revenue of $140.21 million during the quarter, compared to the consensus estimate of $138.20 million. Intapp had a negative return on equity of 0.62% and a negative net margin of 4.37%.The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 earnings per share. Intapp has set its FY 2026 guidance at 1.200-1.240 EPS and its Q3 2026 guidance at 0.270-0.290 EPS. On average, research analysts anticipate that Intapp will post 0.01 earnings per share for the current year.

Intapp announced that its board has approved a share repurchase program on Tuesday, February 3rd that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 7.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Intapp

A number of institutional investors have recently modified their holdings of INTA. AQR Capital Management LLC grew its stake in shares of Intapp by 60.9% in the first quarter. AQR Capital Management LLC now owns 30,969 shares of the company’s stock worth $1,808,000 after acquiring an additional 11,719 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Intapp by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,737 shares of the company’s stock worth $1,853,000 after acquiring an additional 1,379 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Intapp by 2.3% in the first quarter. Goldman Sachs Group Inc. now owns 279,511 shares of the company’s stock worth $16,318,000 after acquiring an additional 6,210 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Intapp by 208.0% in the second quarter. Russell Investments Group Ltd. now owns 1,848 shares of the company’s stock worth $95,000 after acquiring an additional 1,248 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Intapp in the second quarter worth $693,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Intapp Company Profile

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.