Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 2,690,000 shares, a decline of 15.1% from the March 31st total of 3,170,000 shares. Currently, 3.5% of the company's shares are short sold. Based on an average daily trading volume, of 1,040,000 shares, the days-to-cover ratio is currently 2.6 days.
Amplitude Trading Down 0.5 %
Shares of NASDAQ:AMPL traded down $0.05 during mid-day trading on Tuesday, reaching $9.37. The stock had a trading volume of 873,204 shares, compared to its average volume of 670,461. The company has a market cap of $925.45 million, a P/E ratio of -12.17 and a beta of 1.40. The business's 50 day moving average price is $10.27 and its 200 day moving average price is $10.73. Amplitude has a 1 year low of $7.37 and a 1 year high of $14.88.
Amplitude (NASDAQ:AMPL - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.27). Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. The firm had revenue of $78.13 million during the quarter, compared to analysts' expectations of $76.68 million. Analysts predict that Amplitude will post -0.62 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Eric Vishria sold 35,000 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $12.80, for a total transaction of $448,000.00. Following the transaction, the director now owns 286,859 shares in the company, valued at $3,671,795.20. The trade was a 10.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.80% of the stock is owned by insiders.
Hedge Funds Weigh In On Amplitude
A number of hedge funds have recently added to or reduced their stakes in AMPL. T. Rowe Price Investment Management Inc. raised its stake in Amplitude by 9.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,996,229 shares of the company's stock worth $94,911,000 after buying an additional 770,227 shares in the last quarter. Sunriver Management LLC increased its position in shares of Amplitude by 24.3% during the fourth quarter. Sunriver Management LLC now owns 3,772,808 shares of the company's stock worth $39,803,000 after purchasing an additional 737,600 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Amplitude by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 9,189,698 shares of the company's stock worth $96,951,000 after purchasing an additional 447,277 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Amplitude during the 4th quarter worth $4,320,000. Finally, Monimus Capital Management LP purchased a new stake in Amplitude in the fourth quarter valued at about $3,630,000. 73.20% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the stock. Needham & Company LLC restated a "buy" rating and issued a $16.00 price objective on shares of Amplitude in a report on Wednesday, April 23rd. Morgan Stanley dropped their price target on shares of Amplitude from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. DA Davidson dropped their target price on shares of Amplitude from $16.00 to $12.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Citigroup upped their price target on Amplitude from $11.00 to $15.00 and gave the company a "neutral" rating in a report on Monday, February 24th. Finally, Scotiabank decreased their target price on shares of Amplitude from $12.00 to $10.00 and set a "sector perform" rating for the company in a research note on Thursday, April 24th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $13.90.
View Our Latest Stock Analysis on AMPL
About Amplitude
(
Get Free Report)
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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