UBS Group Forecasts Strong Price Appreciation for Intapp (NASDAQ:INTA) Stock

Intapp (NASDAQ:INTA) had its price objective increased by equities researchers at UBS Group from $84.00 to $89.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target would indicate a potential upside of 22.76% from the stock’s current price.

Several other brokerages also recently commented on INTA. Barclays increased their target price on shares of Intapp from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Stifel Nicolaus increased their price objective on shares of Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Citigroup restated a “neutral” rating and issued a $78.00 target price (down previously from $87.00) on shares of Intapp in a research note on Thursday, January 16th. Raymond James reaffirmed a “market perform” rating on shares of Intapp in a research report on Friday, January 3rd. Finally, Piper Sandler reissued an “overweight” rating and issued a $60.00 price objective (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.36.

Intapp Stock Performance

Shares of NASDAQ INTA opened at $72.50 on Monday. The stock has a market cap of $5.61 billion, a price-to-earnings ratio of -250.00 and a beta of 0.73. Intapp has a fifty-two week low of $30.36 and a fifty-two week high of $72.91. The firm’s 50-day simple moving average is $65.50 and its 200 day simple moving average is $52.35.

Intapp (NASDAQ:INTA) last posted its earnings results on Monday, November 4th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. Intapp had a negative return on equity of 2.08% and a negative net margin of 4.74%. The company had revenue of $118.81 million for the quarter, compared to analyst estimates of $117.88 million. During the same quarter last year, the company earned ($0.20) earnings per share. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, sell-side analysts predict that Intapp will post -0.14 EPS for the current year.

Insider Activity

In other Intapp news, insider Thad Jampol sold 20,174 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $59.30, for a total transaction of $1,196,318.20. Following the sale, the insider now owns 803,400 shares of the company’s stock, valued at $47,641,620. The trade was a 2.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David Benjamin Harrison sold 22,373 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $68.87, for a total value of $1,540,828.51. The disclosure for this sale can be found here. Insiders have sold a total of 402,624 shares of company stock valued at $24,954,154 over the last quarter. Company insiders own 13.02% of the company’s stock.

Hedge Funds Weigh In On Intapp

A number of large investors have recently modified their holdings of the company. Raleigh Capital Management Inc. purchased a new stake in Intapp in the 4th quarter worth approximately $25,000. Farther Finance Advisors LLC raised its position in shares of Intapp by 1,054.0% in the third quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after buying an additional 527 shares in the last quarter. Quest Partners LLC bought a new stake in Intapp during the third quarter valued at $54,000. Financial Management Professionals Inc. purchased a new position in Intapp during the third quarter worth about $57,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Intapp in the 3rd quarter worth about $64,000. 89.96% of the stock is currently owned by institutional investors.

About Intapp

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; collaboration and content solutions, including Intapp documents, an engagement-centric document management system, and Intapp workspaces; risk and compliance management solutions, such as Intapp conflicts, Intapp intake, Intapp terms, Intapp walls, and Intapp employee compliance; and operational and financial management solutions comprising Intapp Billstream, a cloud-based automated proforma invoice solution, Intapp time, and Intapp terms.