Amplitude, Inc. (NASDAQ:AMPL) Given Average Rating of "Moderate Buy" by Analysts

Shares of Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eleven analysts that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $13.60.

Several brokerages have commented on AMPL. Scotiabank cut their target price on Amplitude from $12.00 to $10.00 and set a "sector perform" rating for the company in a research note on Thursday, April 24th. Citigroup raised their target price on Amplitude from $11.00 to $15.00 and gave the stock a "neutral" rating in a research note on Monday, February 24th. Needham & Company LLC restated a "buy" rating and issued a $16.00 target price on shares of Amplitude in a research note on Thursday, May 8th. Morgan Stanley raised their target price on Amplitude from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Finally, Piper Sandler raised their target price on Amplitude from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th.

Amplitude Stock Performance

Shares of AMPL opened at $12.19 on Friday. The business has a 50-day moving average of $10.05 and a 200 day moving average of $10.83. Amplitude has a fifty-two week low of $7.37 and a fifty-two week high of $14.88. The firm has a market cap of $1.20 billion, a P/E ratio of -15.83 and a beta of 1.40.

Amplitude (NASDAQ:AMPL - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.16). Amplitude had a negative return on equity of 32.24% and a negative net margin of 31.52%. The company had revenue of $79.95 million during the quarter, compared to the consensus estimate of $79.81 million. During the same quarter in the prior year, the business earned $0.01 EPS. The firm's revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, research analysts predict that Amplitude will post -0.62 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Eric Vishria sold 25,000 shares of Amplitude stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $10.15, for a total transaction of $253,750.00. Following the completion of the sale, the director now owns 261,859 shares in the company, valued at approximately $2,657,868.85. This trade represents a 8.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 23.83% of the company's stock.

Institutional Trading of Amplitude

A number of large investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its holdings in shares of Amplitude by 4.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 683,405 shares of the company's stock valued at $7,210,000 after buying an additional 31,800 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Amplitude by 16.6% during the 4th quarter. M&T Bank Corp now owns 182,712 shares of the company's stock valued at $1,927,000 after buying an additional 26,024 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Amplitude by 38.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 84,050 shares of the company's stock valued at $754,000 after buying an additional 23,526 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Amplitude by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 1,955,564 shares of the company's stock valued at $20,636,000 after buying an additional 52,033 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Amplitude during the 4th quarter valued at about $252,000. Institutional investors own 73.20% of the company's stock.

Amplitude Company Profile

Amplitude, Inc, together with its subsidiaries, provides a digital analytics platform that analyzes customer behavior in the United States and internationally. It offers Amplitude Analytics, which provides real-time product data and reconstructed user visits; Amplitude Experiment, a solution that allows teams to test new capabilities and safely roll out new features; Amplitude CDP, an insight-driven solution that encompasses the data infrastructure, audience management, and data streaming capabilities; and Amplitude Session Replay used by product, marketing, and data teams to understand user behavior, diagnose product issues, and improve product outcomes.

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