Amplitude (NASDAQ:AMPL) Earns "Sell (E+)" Rating from Weiss Ratings

Key Points

• Weiss Ratings has reissued a "Sell (E+)" rating for Amplitude (NASDAQ:AMPL), reflecting a negative outlook from investment analysts.
• The stock has a consensus rating of "Moderate Buy" with a target price of $14.20, despite mixed ratings from other firms.
• Amplitude's stock has traded between $7.55 and $14.88 over the past year, currently sitting at $10.30.

Amplitude (NASDAQ:AMPL - Get Free Report)'s stock had its "sell (e+)" rating reissued by investment analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

A number of other equities research analysts also recently weighed in on AMPL. Benchmark restated a "buy" rating on shares of Amplitude in a research report on Friday, July 11th. Piper Sandler boosted their target price on Amplitude from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Wall Street Zen downgraded Amplitude from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Needham & Company LLC lifted their price objective on Amplitude from $16.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Finally, DA Davidson reaffirmed a "buy" rating and set a $16.00 price objective on shares of Amplitude in a research note on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.20.

Amplitude Stock Performance

Shares of NASDAQ:AMPL traded up $0.23 during trading on Wednesday, hitting $10.30. 680,813 shares of the stock were exchanged, compared to its average volume of 1,276,935. Amplitude has a 1-year low of $7.55 and a 1-year high of $14.88. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of -13.55 and a beta of 1.52. The company's fifty day simple moving average is $11.36 and its 200-day simple moving average is $11.26.

Amplitude (NASDAQ:AMPL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $83.27 million for the quarter, compared to analyst estimates of $81.29 million. Amplitude had a negative return on equity of 33.08% and a negative net margin of 30.43%.The business's quarterly revenue was up 13.6% on a year-over-year basis. On average, research analysts forecast that Amplitude will post -0.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Amplitude

In other news, Director Erica Schultz sold 10,000 shares of the company's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $11.06, for a total transaction of $110,600.00. Following the completion of the transaction, the director directly owned 107,406 shares of the company's stock, valued at $1,187,910.36. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 25,000 shares of company stock worth $290,750 over the last ninety days. 4.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AMPL. Russell Investments Group Ltd. boosted its position in shares of Amplitude by 33.3% during the first quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company's stock worth $59,000 after buying an additional 1,455 shares during the period. Osaic Holdings Inc. raised its holdings in Amplitude by 57.8% during the second quarter. Osaic Holdings Inc. now owns 5,132 shares of the company's stock worth $64,000 after acquiring an additional 1,879 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Amplitude during the first quarter worth about $107,000. Aigen Investment Management LP bought a new stake in Amplitude during the first quarter worth about $114,000. Finally, Teacher Retirement System of Texas bought a new stake in Amplitude during the first quarter worth about $119,000. 73.20% of the stock is owned by institutional investors and hedge funds.

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.

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