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

Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eleven research firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $13.90.

A number of equities research analysts have recently weighed in on AMPL shares. Citigroup boosted their price objective on shares of Amplitude from $11.00 to $15.00 and gave the stock a "neutral" rating in a report on Monday, February 24th. Piper Sandler decreased their price objective on Amplitude from $17.00 to $14.00 and set an "overweight" rating on the stock in a report on Wednesday. DA Davidson dropped their target price on Amplitude from $16.00 to $12.00 and set a "buy" rating for the company in a report on Monday, April 14th. Morgan Stanley dropped their price objective on Amplitude from $13.00 to $11.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Finally, Scotiabank lowered their price target on shares of Amplitude from $12.00 to $10.00 and set a "sector perform" rating for the company in a report on Thursday.

Amplitude Stock Performance

Amplitude stock traded up $0.26 during mid-day trading on Tuesday, hitting $9.13. 796,805 shares of the company traded hands, compared to its average volume of 656,587. The stock has a fifty day moving average price of $10.71 and a 200-day moving average price of $10.68. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -11.86 and a beta of 1.40. Amplitude has a one year low of $7.37 and a one year high of $14.88.

Amplitude (NASDAQ:AMPL - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported ($0.26) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.27). The firm had revenue of $78.13 million for the quarter, compared to analysts' expectations of $76.68 million. Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. Sell-side analysts predict that Amplitude will post -0.62 EPS for the current year.

Insider Buying and Selling

In related news, Director Eric Vishria sold 35,000 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $12.80, for a total value of $448,000.00. Following the sale, the director now directly owns 286,859 shares of the company's stock, valued at $3,671,795.20. This represents a 10.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.80% of the stock is owned by insiders.

Institutional Trading of Amplitude

A number of hedge funds have recently modified their holdings of AMPL. Headlands Technologies LLC bought a new stake in Amplitude during the fourth quarter worth about $38,000. Aquatic Capital Management LLC raised its stake in Amplitude by 176.5% during the fourth quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company's stock valued at $44,000 after buying an additional 2,647 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in Amplitude by 255.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company's stock worth $75,000 after acquiring an additional 5,100 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in shares of Amplitude by 22.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company's stock worth $86,000 after acquiring an additional 1,492 shares during the last quarter. Finally, Meros Investment Management LP bought a new position in shares of Amplitude during the fourth quarter valued at $102,000. Institutional investors own 73.20% of the company's stock.

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.