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

Key Points

• Amplitude, Inc. (NASDAQ:AMPL) has received an average consensus rating of “Moderate Buy” from analysts, with a target price of $13.80 after recent reviews.
• Insider trading activity noted that Director Erica Schultz sold 10,000 shares for around $110,600, reducing their ownership by 8.52%.
• Institutional investors own 73.20% of Amplitude's stock, indicating strong institutional interest and support for the company.

Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $13.80.

AMPL has been the subject of several recent analyst reports. Wall Street Zen lowered shares of Amplitude from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Piper Sandler upped their price target on Amplitude from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Needham & Company LLC increased their price objective on Amplitude from $16.00 to $18.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Bank of America boosted their target price on Amplitude from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Finally, Benchmark restated a "buy" rating on shares of Amplitude in a report on Friday, July 11th.

Amplitude Stock Performance

Amplitude stock traded up $0.23 during midday trading on Friday, hitting $12.30. 1,090,775 shares of the company's stock were exchanged, compared to its average volume of 1,731,660. The company has a market cap of $1.26 billion, a PE ratio of -16.18 and a beta of 1.54. The firm has a 50-day moving average of $11.77 and a two-hundred day moving average of $11.34. Amplitude has a 12 month low of $7.55 and a 12 month high of $14.88.

Amplitude (NASDAQ:AMPL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. Amplitude had a negative net margin of 30.43% and a negative return on equity of 33.08%. The company had revenue of $83.27 million for the quarter, compared to analyst estimates of $81.29 million. The firm's revenue was up 13.6% on a year-over-year basis. As a group, equities analysts expect that Amplitude will post -0.62 earnings per share for the current year.

Insider Transactions at Amplitude

In other news, Director Erica Schultz sold 10,000 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $11.06, for a total value of $110,600.00. Following the sale, the director owned 107,406 shares in the company, valued at $1,187,910.36. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 25,000 shares of company stock worth $290,750. Company insiders own 4.80% of the company's stock.

Institutional Trading of Amplitude

Hedge funds have recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. lifted its holdings in Amplitude by 1.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 9,091,044 shares of the company's stock valued at $92,638,000 after acquiring an additional 94,815 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Amplitude by 2,126.0% in the 2nd quarter. Alliancebernstein L.P. now owns 4,160,481 shares of the company's stock valued at $51,590,000 after purchasing an additional 3,973,575 shares during the period. Sunriver Management LLC boosted its holdings in Amplitude by 2.1% during the first quarter. Sunriver Management LLC now owns 3,850,928 shares of the company's stock worth $39,241,000 after buying an additional 78,120 shares in the last quarter. Geode Capital Management LLC grew its position in Amplitude by 7.4% during the second quarter. Geode Capital Management LLC now owns 2,158,379 shares of the company's stock valued at $26,767,000 after buying an additional 148,247 shares during the period. Finally, Baillie Gifford & Co. purchased a new position in Amplitude in the first quarter valued at $20,292,000. Hedge funds and other 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.