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

Intapp (NASDAQ:INTA) had its target price cut by JPMorgan Chase & Co. from $58.00 to $47.00 in a report published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms have also commented on INTA. Wall Street Zen lowered Intapp from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 19th. Stifel Nicolaus lowered their target price on Intapp from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Truist Financial set a $35.00 price target on Intapp in a report on Wednesday, February 4th. Piper Sandler reduced their price target on shares of Intapp from $33.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, February 26th. Finally, Barclays increased their price objective on shares of Intapp from $20.00 to $25.00 and gave the stock an “underweight” rating in a report on Wednesday. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $34.57.

Intapp Trading Up 3.6%

Shares of Intapp stock opened at $24.84 on Wednesday. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of -54.00, a P/E/G ratio of 85.64 and a beta of 0.49. The firm’s 50-day moving average price is $24.08 and its two-hundred day moving average price is $33.41. Intapp has a 1-year low of $19.24 and a 1-year high of $58.84.

Intapp (NASDAQ:INTA) last posted its earnings results 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. The company had revenue of $146.04 million during the quarter, compared to analysts’ expectations of $144.32 million. Intapp had a negative net margin of 6.48% and a negative return on equity of 2.28%. Intapp’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 earnings per share. 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 research analysts predict that Intapp will post 0.01 EPS for the current year.

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

Institutional Investors Weigh In On Intapp

Institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in Intapp by 143.7% in the third quarter. Wellington Management Group LLP now owns 1,891,556 shares of the company’s stock valued at $77,365,000 after acquiring an additional 1,115,392 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in Intapp during the 3rd quarter worth about $45,349,000. Barclays PLC lifted its position in 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 period. Norges Bank bought a new position in shares of Intapp in the 4th quarter valued at about $32,302,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Intapp by 103.9% in 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. Institutional investors own 89.96% of the company’s stock.

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.