Analysts Set Amplitude, Inc. (NASDAQ:AMPL) PT at $13.50

Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eleven research firms that are covering the stock, 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 1-year price objective among brokers that have issued ratings on the stock in the last year is $13.50.

A number of brokerages have recently issued reports on AMPL. Needham & Company LLC reiterated a "buy" rating and set a $16.00 price target on shares of Amplitude in a research report on Wednesday, June 11th. Piper Sandler lifted their price target on Amplitude from $14.00 to $15.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. UBS Group dropped their price target on Amplitude from $13.00 to $11.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Scotiabank decreased their price objective on Amplitude from $12.00 to $10.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Finally, Robert W. Baird decreased their price objective on Amplitude from $17.00 to $14.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th.

Insider Activity at Amplitude

In other Amplitude news, Director Eric Vishria sold 25,000 shares of Amplitude stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $10.15, for a total value of $253,750.00. Following the transaction, the director directly owned 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Erica Schultz sold 26,394 shares of Amplitude stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $12.49, for a total value of $329,661.06. Following the completion of the transaction, the director directly owned 92,500 shares in the company, valued at $1,155,325. This trade represents a 22.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,411 shares of company stock valued at $730,902. Corporate insiders own 23.83% of the company's stock.

Hedge Funds Weigh In On Amplitude

A number of large investors have recently bought and sold shares of AMPL. Headlands Technologies LLC purchased a new position in Amplitude in the 4th quarter worth approximately $38,000. Aquatic Capital Management LLC increased its stake in Amplitude by 176.5% in the 4th quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company's stock worth $44,000 after purchasing an additional 2,647 shares during the period. Russell Investments Group Ltd. increased its stake in Amplitude by 33.3% in the 1st quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company's stock worth $59,000 after purchasing an additional 1,455 shares during the period. Canada Pension Plan Investment Board increased its stake in Amplitude by 255.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company's stock worth $75,000 after purchasing an additional 5,100 shares during the period. Finally, Summit Investment Advisors Inc. increased its stake in shares of Amplitude by 22.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company's stock valued at $86,000 after buying an additional 1,492 shares during the period. 73.20% of the stock is owned by hedge funds and other institutional investors.

Amplitude Stock Performance

NASDAQ AMPL traded up $0.39 during trading hours on Friday, hitting $13.29. The company had a trading volume of 1,308,605 shares, compared to its average volume of 809,803. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of -17.49 and a beta of 1.54. The firm has a 50 day simple moving average of $11.94 and a 200 day simple moving average of $11.30. Amplitude has a 52 week low of $7.37 and a 52 week high of $14.88.

Amplitude (NASDAQ:AMPL - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.16). The business had revenue of $79.95 million for the quarter, compared to the consensus estimate 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 revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 EPS. On average, research analysts forecast that Amplitude will post -0.62 earnings per share for the current year.

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.