Wall Street Zen Downgrades Amplitude (NASDAQ:AMPL) to Hold

Amplitude (NASDAQ:AMPL - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Sunday.

A number of other equities research analysts have also recently commented on the company. Benchmark reissued a "buy" rating on shares of Amplitude in a research note on Friday, July 11th. UBS Group cut their target price on Amplitude from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Morgan Stanley increased their target price on Amplitude from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Needham & Company LLC reaffirmed a "buy" rating and set a $16.00 price objective on shares of Amplitude in a research report on Thursday, July 10th. Finally, Scotiabank dropped their price objective on Amplitude from $12.00 to $10.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 24th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Amplitude presently has a consensus rating of "Moderate Buy" and an average price target of $13.50.

Amplitude Trading Up 1.1%

AMPL traded up $0.14 during trading on Friday, reaching $12.75. The stock had a trading volume of 945,485 shares, compared to its average volume of 826,195. The stock's 50 day moving average is $12.38 and its two-hundred day moving average is $11.43. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of -16.78 and a beta of 1.54. 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 earnings results on Wednesday, May 7th. The company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.16). Amplitude had a negative return on equity of 32.50% and a negative net margin of 31.01%. The company had revenue of $79.95 million during the quarter, compared to analysts' expectations of $79.81 million. During the same period in the prior year, the company posted $0.01 earnings per share. The company's revenue was up 10.1% on a year-over-year basis. On average, equities research analysts predict that Amplitude will post -0.62 earnings per share for the current year.

Insider Buying and Selling at Amplitude

In other news, Director Erica Schultz sold 7,500 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $12.56, for a total transaction of $94,200.00. Following the completion of the sale, the director owned 107,406 shares of the company's stock, valued at $1,349,019.36. This represents a 6.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Eric Vishria sold 25,000 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $10.15, for a total transaction of $253,750.00. Following the sale, the director directly owned 261,859 shares of the company's stock, valued at $2,657,868.85. The trade was a 8.72% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 70,911 shares of company stock worth $825,102 in the last three months. 23.83% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AMPL. Headlands Technologies LLC purchased a new stake in shares of Amplitude during the fourth quarter worth about $38,000. Aquatic Capital Management LLC raised its stake in Amplitude by 176.5% during the 4th quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company's stock valued at $44,000 after purchasing an additional 2,647 shares during the period. Russell Investments Group Ltd. raised its stake in Amplitude by 33.3% during the 1st quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company's stock valued at $59,000 after purchasing an additional 1,455 shares during the period. Canada Pension Plan Investment Board raised its stake in Amplitude by 255.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company's stock valued at $75,000 after purchasing an additional 5,100 shares during the period. Finally, Summit Investment Advisors Inc. raised its stake in Amplitude by 22.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company's stock valued at $86,000 after purchasing an additional 1,492 shares during the period. 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.