Intapp (NASDAQ:INTA) Issues FY 2022 Earnings Guidance

Intapp (NASDAQ:INTA) updated its FY 2022 earnings guidance on Wednesday. The company provided EPS guidance of $-0.330-$-0.290 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.310. The company issued revenue guidance of $248 million-$252 million, compared to the consensus revenue estimate of $243.59 million.Intapp also updated its Q2 2022 guidance to $-0.090-$-0.070 EPS.

A number of brokerages recently commented on INTA. Truist Securities raised their price target on Intapp from $40.00 to $45.00 and gave the stock a buy rating in a research report on Thursday, September 9th. Truist lifted their target price on Intapp from $40.00 to $45.00 and gave the company a buy rating in a research report on Thursday, September 9th. Piper Sandler decreased their target price on Intapp from $43.00 to $36.00 and set an overweight rating on the stock in a research report on Thursday, November 11th. Credit Suisse Group lifted their target price on Intapp from $38.00 to $45.00 and gave the company an outperform rating in a research report on Thursday, September 9th. Finally, Oppenheimer lifted their price target on Intapp from $35.00 to $41.00 and gave the company an outperform rating in a research note on Thursday, September 9th. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Buy and an average price target of $41.90.

Shares of Intapp stock traded up $0.99 during midday trading on Thursday, reaching $28.25. The company had a trading volume of 109,268 shares, compared to its average volume of 214,199. The stock’s fifty day moving average is $27.57. Intapp has a fifty-two week low of $22.50 and a fifty-two week high of $40.91.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Wednesday, November 10th. The company reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.35) by $0.31. As a group, analysts predict that Intapp will post -1.44 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada bought a new stake in shares of Intapp during the third quarter valued at approximately $36,000. California State Teachers Retirement System bought a new stake in shares of Intapp during the third quarter valued at approximately $140,000. American International Group Inc. bought a new stake in shares of Intapp during the third quarter valued at approximately $142,000. Morgan Stanley increased its holdings in shares of Intapp by 1,573.8% during the third quarter. Morgan Stanley now owns 8,369 shares of the company’s stock valued at $216,000 after acquiring an additional 7,869 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Intapp during the third quarter valued at approximately $659,000.

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. The company's 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; and OnePlace, a solution to manage various aspects of a professional services firm's client and engagement lifecycle.

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Earnings History and Estimates for Intapp (NASDAQ:INTA)

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