Intapp (NASDAQ:INTA) Issues Q2 2022 Earnings Guidance

Intapp (NASDAQ:INTA) issued an update on its second quarter 2022 earnings guidance on Wednesday morning. The company provided EPS guidance of $-0.090-$-0.070 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.080. The company issued revenue guidance of $58 million-$59 million, compared to the consensus revenue estimate of $56.88 million.Intapp also updated its FY 2022 guidance to $-0.330-$-0.290 EPS.

NASDAQ:INTA traded up $0.99 during mid-day trading on Thursday, hitting $28.25. The stock had a trading volume of 109,268 shares, compared to its average volume of 214,199. The stock’s 50 day moving average is $27.57. Intapp has a 52 week low of $22.50 and a 52 week high of $40.91.

Intapp (NASDAQ:INTA) last issued its quarterly earnings data on Wednesday, November 10th. The company reported ($0.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.35) by $0.31. As a group, sell-side analysts anticipate that Intapp will post -1.44 EPS for the current fiscal year.

Several equities analysts have commented on INTA shares. Oppenheimer raised their target price on shares of Intapp from $35.00 to $41.00 and gave the company an outperform rating in a research note on Thursday, September 9th. Truist raised their target price on shares of Intapp from $40.00 to $45.00 and gave the company a buy rating in a research note on Thursday, September 9th. Truist Securities raised their target price on shares of Intapp from $40.00 to $45.00 and gave the company a buy rating in a research note on Thursday, September 9th. JPMorgan Chase & Co. lifted their price objective on shares of Intapp from $40.00 to $50.00 and gave the stock an overweight rating in a research note on Thursday, September 9th. Finally, Credit Suisse Group lifted their price objective on shares of Intapp from $38.00 to $45.00 and gave the stock an outperform rating in a research note on Thursday, September 9th. One equities research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Intapp currently has an average rating of Buy and an average price target of $41.90.

Several institutional investors have recently added to or reduced their stakes in INTA. Royal Bank of Canada acquired a new stake in shares of Intapp during the third quarter worth approximately $36,000. California State Teachers Retirement System acquired a new stake in Intapp in the third quarter valued at approximately $140,000. American International Group Inc. acquired a new stake in Intapp in the third quarter valued at approximately $142,000. Morgan Stanley lifted its stake in Intapp by 1,573.8% in 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 during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Intapp in the third quarter valued at approximately $659,000.

Intapp Company Profile

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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