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

Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) has been given an average rating of "Moderate Buy" by the eleven research firms that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $13.60.

A number of equities research analysts have issued reports on the company. Citigroup boosted their price target on Amplitude from $11.00 to $15.00 and gave the company a "neutral" rating in a research note on Monday, February 24th. Scotiabank dropped their price objective on shares of Amplitude from $12.00 to $10.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. UBS Group reduced their target price on shares of Amplitude from $13.00 to $11.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and issued a $16.00 price target on shares of Amplitude in a research report on Wednesday. Finally, Baird R W raised shares of Amplitude from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 20th.

Amplitude Stock Performance

Shares of AMPL stock traded down $0.17 during trading hours on Wednesday, reaching $12.14. The company had a trading volume of 152,958 shares, compared to its average volume of 753,017. The business has a fifty day moving average price of $10.53 and a 200-day moving average price of $11.14. Amplitude has a one year low of $7.37 and a one year high of $14.88. The firm has a market cap of $1.20 billion, a PE ratio of -15.77 and a beta of 1.56.

Amplitude (NASDAQ:AMPL - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported ($0.17) EPS 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 the consensus estimate of $79.81 million. Amplitude had a negative return on equity of 32.24% and a negative net margin of 31.52%. The company's revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the firm posted $0.01 EPS. Equities research analysts forecast that Amplitude will post -0.62 EPS for the current year.

Insider Buying and Selling at Amplitude

In other Amplitude news, Director Catherine Wong sold 3,515 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $11.75, for a total value of $41,301.25. Following the sale, the director now owns 87,654 shares in the company, valued at $1,029,934.50. The trade was a 3.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eric Vishria sold 25,000 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $10.15, for a total transaction of $253,750.00. Following the transaction, the director now directly owns 261,859 shares of the company's stock, valued at $2,657,868.85. This trade represents a 8.72% decrease in their position. The disclosure for this sale can be found here. Insiders own 23.83% of the company's stock.

Institutional Investors Weigh In On Amplitude

Several large investors have recently made changes to their positions in AMPL. Vanguard Group Inc. grew its holdings in Amplitude by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 9,189,698 shares of the company's stock valued at $96,951,000 after buying an additional 447,277 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Amplitude by 1.1% during the 1st 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 last quarter. Sunriver Management LLC grew its holdings in shares of Amplitude by 2.1% in the first quarter. Sunriver Management LLC now owns 3,850,928 shares of the company's stock valued at $39,241,000 after purchasing an additional 78,120 shares in the last quarter. Baillie Gifford & Co. purchased a new position in shares of Amplitude in the first quarter valued at $20,292,000. Finally, Geode Capital Management LLC increased its position in Amplitude by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 1,955,564 shares of the company's stock worth $20,636,000 after purchasing an additional 52,033 shares during the last quarter. 73.20% of the stock is owned by institutional investors.

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.