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

Key Points

• Analysts have given Amplitude, Inc. a consensus rating of "Moderate Buy", with one sell rating, four hold ratings, seven buy ratings, and one strong buy rating among thirteen firms covering the stock.
• Amplitude has a 12-month price target of $14.20, and its shares have seen significant movements, including recent upgrades from Piper Sandler and Bank of America.
• Amplitude reported quarterly revenue of $83.27 million, beating analyst expectations, while also having a negative net margin of 30.43% and a return on equity of -33.08%.

Shares of Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) have received an average recommendation of "Moderate Buy" from the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $14.20.

AMPL has been the topic of a number of research analyst reports. Piper Sandler raised their price objective on shares of Amplitude from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Wall Street Zen lowered shares of Amplitude from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Bank of America lifted their price target on shares of Amplitude from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. DA Davidson restated a "buy" rating and issued a $16.00 price target on shares of Amplitude in a research report on Monday, September 29th. Finally, Benchmark restated a "buy" rating on shares of Amplitude in a research report on Friday, July 11th.

Insider Transactions at Amplitude

In other Amplitude news, Director Erica Schultz sold 10,000 shares of Amplitude stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $11.06, for a total value of $110,600.00. Following the transaction, the director owned 107,406 shares in the company, valued at approximately $1,187,910.36. The trade was a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 4.80% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AMPL. GAMMA Investing LLC grew its position in Amplitude by 45,828.6% in the first quarter. GAMMA Investing LLC now owns 6,430 shares of the company's stock worth $631,000 after buying an additional 6,416 shares during the last quarter. Rhumbline Advisers boosted its stake in Amplitude by 6.4% in the 1st quarter. Rhumbline Advisers now owns 108,431 shares of the company's stock worth $1,105,000 after purchasing an additional 6,477 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in Amplitude in the 1st quarter worth approximately $107,000. Blue Trust Inc. boosted its stake in Amplitude by 15.0% in the 1st quarter. Blue Trust Inc. now owns 35,391 shares of the company's stock worth $361,000 after purchasing an additional 4,608 shares during the period. Finally, Summit Trail Advisors LLC acquired a new position in Amplitude in the 1st quarter worth approximately $124,000. Institutional investors and hedge funds own 73.20% of the company's stock.

Amplitude Price Performance

NASDAQ AMPL opened at $10.06 on Tuesday. Amplitude has a 12 month low of $7.55 and a 12 month high of $14.88. The firm has a market capitalization of $1.03 billion, a PE ratio of -13.24 and a beta of 1.52. The company's 50 day simple moving average is $11.20 and its 200 day simple moving average is $11.23.

Amplitude (NASDAQ:AMPL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.01 EPS for the quarter, meeting analysts' consensus estimates of $0.01. Amplitude had a negative net margin of 30.43% and a negative return on equity of 33.08%. The business had revenue of $83.27 million for the quarter, compared to analyst estimates of $81.29 million. The company's quarterly revenue was up 13.6% compared to the same quarter last year. Sell-side analysts anticipate 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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