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

Shares of Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) have received a consensus rating of "Moderate Buy" from the eleven brokerages that are currently covering the company, Marketbeat reports. Four 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 twelve-month target price among brokers that have updated their coverage on the stock in the last year is $13.50.

AMPL has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of Amplitude from $13.00 to $11.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Morgan Stanley raised their price target on shares of Amplitude from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Bank of America raised their price target on shares of Amplitude from $13.00 to $15.00 and gave the company a "buy" rating in a report on Monday, June 16th. DA Davidson dropped their price target on shares of Amplitude from $16.00 to $12.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Robert W. Baird dropped their price target 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.

Insider Transactions at Amplitude

In other Amplitude news, Director Erica Schultz sold 26,394 shares of the firm's stock in a transaction that occurred 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 sale, the director owned 92,500 shares in the company, valued at approximately $1,155,325. This trade represents a 22.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Catherine Wong sold 8,502 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $12.49, for a total transaction of $106,189.98. Following the sale, the director owned 79,152 shares in the company, valued at approximately $988,608.48. The trade was a 9.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,411 shares of company stock worth $730,902 in the last quarter. Company insiders own 23.83% of the company's stock.

Institutional Investors Weigh In On Amplitude

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Amplitude by 5.1% during the fourth 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 during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Amplitude by 1.1% during 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 buying 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 grew its holdings in shares of Amplitude by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 1,955,564 shares of the company's stock valued at $20,636,000 after purchasing an additional 52,033 shares in the last quarter. Institutional investors own 73.20% of the company's stock.

Amplitude Stock Performance

Shares of AMPL stock opened at $12.76 on Friday. Amplitude has a one year low of $7.37 and a one year high of $14.88. The company's 50-day moving average is $11.72 and its 200 day moving average is $11.26. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of -16.79 and a beta of 1.54.

Amplitude (NASDAQ:AMPL - Get Free Report) last announced 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 company had revenue of $79.95 million for the quarter, compared to analysts' expectations 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 period in the previous year, the business earned $0.01 EPS. As a group, research analysts predict that Amplitude will post -0.62 earnings per share 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.

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