Intapp (NASDAQ:INTA) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Intapp (NASDAQ:INTA) from a hold rating to a buy rating in a research note published on Sunday.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus lowered their price target on shares of Intapp from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, February 26th. UBS Group lowered their price target 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. Citigroup upped their price target on shares of Intapp from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. lowered 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, May 6th. Finally, Truist Financial set a $35.00 price target on shares of Intapp in a report on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $34.57.

Intapp Stock Performance

Shares of Intapp stock opened at $20.99 on Friday. Intapp has a 52-week low of $19.24 and a 52-week high of $58.84. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -45.63 and a beta of 0.49. The company has a fifty day moving average of $23.91 and a 200-day moving average of $32.69.

Intapp (NASDAQ:INTA) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Intapp had a negative net margin of 6.48% and a negative return on equity of 2.28%. The company had revenue of $146.04 million during the quarter, compared to analysts’ expectations of $144.32 million. During the same quarter in the prior year, the company earned $0.26 EPS. The firm’s revenue was up 13.1% on a year-over-year basis. Intapp has set its Q4 2026 guidance at 0.360-0.380 EPS and its FY 2026 guidance at 1.220-1.240 EPS. On average, equities research analysts forecast that Intapp will post -0.05 earnings per share for the current fiscal year.

Intapp declared that its Board of Directors has approved a stock buyback program 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 stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Brown Capital Management LLC bought a new position in Intapp in the 3rd quarter worth $8,741,000. GW&K Investment Management LLC raised its holdings in Intapp by 12.8% in the 3rd quarter. GW&K Investment Management LLC now owns 1,097,150 shares of the company’s stock worth $44,874,000 after purchasing an additional 124,559 shares in the last quarter. Capital World Investors raised its holdings in Intapp by 13.5% in the 3rd quarter. Capital World Investors now owns 2,892,169 shares of the company’s stock worth $118,290,000 after purchasing an additional 343,914 shares in the last quarter. Tudor Investment Corp ET AL raised its holdings in Intapp by 737.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 108,321 shares of the company’s stock worth $4,430,000 after purchasing an additional 95,380 shares in the last quarter. Finally, AMS Capital Ltda bought a new position in Intapp in the 4th quarter worth $8,093,000. 89.96% of the stock is currently 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.