Amplitude, Inc. (NASDAQ:AMPL) Receives $13.50 Consensus Target Price from Analysts

Key Points

• Amplitude, Inc. has received a consensus rating of "Moderate Buy" from twelve brokerages, with an average price target of $13.50.
• The company reported a loss of $0.17 EPS for the last quarter, which was below analysts' expectations, despite a 10.1% increase in year-over-year revenue.
• Insider trading has been significant, with directors Catherine Wong and Erica Schultz selling a combined total of 34,896 shares in June, highlighting potential concerns about insider sentiment.

Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twelve ratings firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $13.50.

A number of equities research analysts recently weighed in on the company. Needham & Company LLC restated a "buy" rating and set a $16.00 price objective on shares of Amplitude in a research report on Thursday, July 10th. Bank of America lifted their price target on Amplitude from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Piper Sandler upped their price objective on Amplitude from $14.00 to $15.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. DA Davidson dropped their price objective on shares of Amplitude from $16.00 to $12.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Robert W. Baird reduced their target price on shares of Amplitude from $17.00 to $14.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th.

Amplitude Stock Performance

Shares of Amplitude stock traded down $0.68 during midday trading on Thursday, hitting $11.55. 1,251,259 shares of the company traded hands, compared to its average volume of 1,025,725. The firm's fifty day moving average price is $12.44 and its 200-day moving average price is $11.52. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -15.20 and a beta of 1.54. Amplitude has a 12 month low of $7.37 and a 12 month high of $14.88.

Amplitude (NASDAQ:AMPL - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.16). The company had revenue of $79.95 million during the quarter, compared to analyst estimates of $79.81 million. Amplitude had a negative net margin of 31.01% and a negative return on equity of 32.50%. The business's quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.01 EPS. Equities research analysts forecast that Amplitude will post -0.62 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Erica Schultz sold 26,394 shares of Amplitude stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $12.49, for a total transaction of $329,661.06. Following the completion of the transaction, the director owned 92,500 shares of the company's stock, valued at $1,155,325. This trade represents a 22.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric Vishria sold 25,000 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $10.15, for a total transaction of $253,750.00. Following the completion of the transaction, the director owned 261,859 shares in the company, valued at approximately $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 70,911 shares of company stock worth $825,102. 23.83% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC acquired a new stake in Amplitude during the fourth quarter worth approximately $38,000. Aquatic Capital Management LLC boosted its holdings in shares of Amplitude by 176.5% during the 4th quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company's stock worth $44,000 after buying an additional 2,647 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Amplitude by 33.3% in the 1st quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company's stock valued at $59,000 after acquiring an additional 1,455 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Amplitude by 255.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company's stock valued at $75,000 after acquiring an additional 5,100 shares during the period. Finally, Summit Investment Advisors Inc. lifted its position in shares of Amplitude by 22.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company's stock valued at $86,000 after acquiring an additional 1,492 shares during the period. 73.20% of the stock is owned by institutional investors.

About Amplitude

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.