Amplitude's (AMPL) "Sell (E+)" Rating Reaffirmed at Weiss Ratings

Key Points

• Amplitude's stock received a "sell (E+)" rating reaffirmed by Weiss Ratings, while other analysts have varied opinions, with one "Strong Buy," seven "Buy," four "Hold," and one "Sell" rating.
• The company's shares are currently trading at $10.12, with a market cap of $1.03 billion and a 52-week range between $7.55 and $14.88.
• Amplitude reported a revenue of $83.27 million for the quarter, which was above the consensus estimate, and analysts expect it to post a loss of -0.62 EPS for the current fiscal year.

Amplitude (NASDAQ:AMPL - Get Free Report)'s stock had its "sell (e+)" rating reiterated by investment analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

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

Amplitude Stock Performance

Shares of NASDAQ:AMPL traded up $0.14 during mid-day trading on Friday, hitting $10.12. 818,046 shares of the company traded hands, compared to its average volume of 1,252,700. The firm has a market cap of $1.03 billion, a P/E ratio of -13.26 and a beta of 1.52. Amplitude has a 52-week low of $7.55 and a 52-week high of $14.88. The firm's 50 day simple moving average is $10.91 and its 200 day simple moving average is $11.23.

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

Insider Buying and Selling at Amplitude

In other news, Director Erica Schultz sold 10,000 shares of Amplitude stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $10.12, for a total transaction of $101,200.00. Following the transaction, the director owned 107,406 shares in the company, valued at approximately $1,086,948.72. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 27,500 shares of company stock worth $297,750 in the last quarter. Insiders own 23.83% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AMPL. State of Alaska Department of Revenue purchased a new position in shares of Amplitude during the third quarter valued at $48,000. Russell Investments Group Ltd. grew its stake in Amplitude by 33.3% in the first 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 in the last quarter. Osaic Holdings Inc. grew its stake in Amplitude by 57.8% in the second quarter. Osaic Holdings Inc. now owns 5,132 shares of the company's stock valued at $64,000 after purchasing an additional 1,879 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Amplitude in the first quarter valued at about $107,000. Finally, Aigen Investment Management LP purchased a new position in Amplitude in the first quarter valued at about $114,000. Hedge funds and other institutional investors own 73.20% of the company's stock.

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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