Amplitude, Inc. (NASDAQ:AMPL) Receives $13.60 Average PT from Brokerages

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

Several analysts have weighed in on the company. Morgan Stanley boosted their price target on Amplitude from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Scotiabank dropped their price target on Amplitude from $12.00 to $10.00 and set a "sector perform" rating on the stock in a research note on Thursday, April 24th. Bank of America boosted their price objective on Amplitude from $14.00 to $16.00 and gave the company a "buy" rating in a report on Thursday, February 20th. UBS Group decreased their price objective on Amplitude from $13.00 to $11.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, DA Davidson decreased their price objective on Amplitude from $16.00 to $12.00 and set a "buy" rating for the company in a report on Monday, April 14th.

Amplitude Stock Performance

NASDAQ:AMPL traded up $0.33 during mid-day trading on Friday, hitting $12.31. 1,517,022 shares of the company's stock traded hands, compared to its average volume of 750,740. The company has a fifty day moving average of $10.07 and a 200 day moving average of $10.91. The company has a market capitalization of $1.22 billion, a P/E ratio of -15.99 and a beta of 1.40. Amplitude has a twelve month low of $7.37 and a twelve month high of $14.88.

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

Insider Buying and Selling

In related news, Director Catherine Wong sold 3,515 shares of the company's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $11.75, for a total value of $41,301.25. Following the completion of the transaction, the director now owns 87,654 shares of the company's stock, valued at approximately $1,029,934.50. This represents a 3.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Eric Vishria sold 25,000 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $10.15, for a total value of $253,750.00. Following the completion of the transaction, the director now directly owns 261,859 shares of the company's stock, valued at $2,657,868.85. The trade was a 8.72% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,515 shares of company stock valued at $743,051. 23.83% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amplitude

A number of hedge funds have recently made changes to their positions in AMPL. JPMorgan Chase & Co. raised its holdings in shares of Amplitude by 38.9% during the third quarter. JPMorgan Chase & Co. now owns 84,050 shares of the company's stock valued at $754,000 after acquiring an additional 23,526 shares during the last quarter. Kera Capital Partners Inc. acquired a new position in shares of Amplitude during the fourth quarter valued at approximately $1,498,000. SG Americas Securities LLC raised its holdings in shares of Amplitude by 15.7% during the fourth quarter. SG Americas Securities LLC now owns 42,107 shares of the company's stock valued at $444,000 after acquiring an additional 5,726 shares during the last quarter. Blue Trust Inc. grew its position in shares of Amplitude by 58.3% in the fourth quarter. Blue Trust Inc. now owns 30,902 shares of the company's stock valued at $326,000 after purchasing an additional 11,384 shares in the last quarter. Finally, Savant Capital LLC purchased a new stake in shares of Amplitude in the fourth quarter valued at approximately $1,455,000. Institutional investors and hedge funds 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.