Amplitude, Inc. (NASDAQ:AMPL) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Amplitude, Inc. has received an average recommendation of “Moderate Buy” from twelve brokerages, with one strong buy and several buy ratings.
• The average 1-year price target for Amplitude's shares is $13.80, reflecting recent analyst adjustments to their projections.
• Amplitude's revenue increased by 13.6% year-over-year, reaching $83.27 million, while the company reported earnings per share matching consensus estimates at $0.01.

Shares of Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twelve brokerages that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $13.80.

AMPL has been the topic of several research reports. Benchmark restated a "buy" rating on shares of Amplitude in a research note on Friday, July 11th. Robert W. Baird lowered their price objective on Amplitude from $17.00 to $14.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Wall Street Zen lowered Amplitude from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Bank of America upped their price objective on Amplitude from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Finally, Morgan Stanley upped their price objective on Amplitude from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th.

Insider Activity at Amplitude

In related news, Director Erica Schultz sold 7,500 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $11.46, for a total transaction of $85,950.00. Following the sale, the director directly owned 107,406 shares in the company, valued at $1,230,872.76. This represents a 6.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Catherine Wong sold 8,502 shares of the 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 $106,189.98. Following the sale, the director owned 79,152 shares in the company, valued at approximately $988,608.48. This trade represents a 9.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,896 shares of company stock worth $616,001. Corporate insiders own 23.83% of the company's stock.

Institutional Investors Weigh In On Amplitude

A number of large investors have recently bought and sold shares of AMPL. Aquatic Capital Management LLC grew its position in 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 acquiring an additional 2,647 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Amplitude by 33.3% during the 1st quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company's stock worth $59,000 after buying an additional 1,455 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in Amplitude by 255.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company's stock worth $75,000 after buying an additional 5,100 shares in the last quarter. Meros Investment Management LP acquired a new position in Amplitude during the 4th quarter worth $102,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Amplitude during the 1st quarter worth $107,000. 73.20% of the stock is currently owned by institutional investors.

Amplitude Trading Up 3.0%

AMPL traded up $0.35 on Monday, hitting $11.80. 706,947 shares of the stock traded hands, compared to its average volume of 1,230,336. Amplitude has a 52 week low of $7.55 and a 52 week high of $14.88. The firm has a market capitalization of $1.20 billion, a PE ratio of -15.54 and a beta of 1.54. The business has a fifty day moving average price of $12.13 and a two-hundred day moving average price of $11.50.

Amplitude (NASDAQ:AMPL - Get Free Report) last issued its quarterly earnings results 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 return on equity of 33.08% and a negative net margin of 30.43%.The firm had revenue of $83.27 million for the quarter, compared to analyst estimates of $81.29 million. Amplitude's quarterly revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts forecast that Amplitude will post -0.62 EPS for the current fiscal year.

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.