JPMorgan Chase & Co. Lowers Intapp (NASDAQ:INTA) Price Target to $47.00

Intapp (NASDAQ:INTAGet Free Report) had its price objective dropped by equities research analysts at JPMorgan Chase & Co. from $58.00 to $47.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 96.00% from the stock’s current price.

A number of other analysts have also recently issued reports on INTA. Wall Street Zen cut Intapp from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 19th. Truist Financial set a $35.00 price objective on Intapp in a report on Wednesday, February 4th. Citigroup dropped their price objective on Intapp from $49.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Oppenheimer reissued a “market perform” rating on shares of Intapp in a report on Thursday, February 26th. Finally, Barclays increased their price objective on Intapp from $20.00 to $25.00 and gave the stock an “underweight” rating in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $34.57.

Check Out Our Latest Stock Report on Intapp

Intapp Price Performance

Shares of NASDAQ INTA opened at $23.98 on Wednesday. Intapp has a one year low of $19.24 and a one year high of $58.84. The business’s fifty day moving average price is $24.08 and its 200-day moving average price is $33.41. The stock has a market capitalization of $1.85 billion, a PE ratio of -52.13, a P/E/G ratio of 82.39 and a beta of 0.49.

Intapp (NASDAQ:INTAGet Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Intapp had a negative return on equity of 2.28% and a negative net margin of 6.48%.The firm had revenue of $146.04 million for the quarter, compared to analysts’ expectations of $144.32 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. Intapp has set its Q4 2026 guidance at 0.360-0.380 EPS and its FY 2026 guidance at 1.220-1.240 EPS. As a group, equities analysts expect that Intapp will post 0.01 EPS for the current fiscal year.

Intapp declared that its Board of Directors has authorized a share repurchase program on Tuesday, February 3rd that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 7.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Intapp

A number of institutional investors have recently added to or reduced their stakes in INTA. Wellington Management Group LLP increased its stake in Intapp by 143.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,891,556 shares of the company’s stock worth $77,365,000 after acquiring an additional 1,115,392 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Intapp during the 3rd quarter valued at about $45,349,000. Barclays PLC increased its position in shares of Intapp by 1,160.6% during the 4th quarter. Barclays PLC now owns 1,094,989 shares of the company’s stock valued at $50,172,000 after purchasing an additional 1,008,128 shares during the last quarter. Norges Bank bought a new position in shares of Intapp during the 4th quarter valued at about $32,302,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Intapp by 103.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,212,052 shares of the company’s stock valued at $55,536,000 after purchasing an additional 617,649 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors.

Key Headlines Impacting Intapp

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About Intapp

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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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Analyst Recommendations for Intapp (NASDAQ:INTA)

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