FY2025 Earnings Estimate for Amplitude Issued By DA Davidson

Amplitude, Inc. (NASDAQ:AMPL - Free Report) - Investment analysts at DA Davidson decreased their FY2025 earnings estimates for Amplitude in a report issued on Thursday, August 7th. DA Davidson analyst C. Wright now expects that the company will earn ($0.57) per share for the year, down from their prior estimate of ($0.56). The consensus estimate for Amplitude's current full-year earnings is ($0.62) per share.

A number of other research firms have also weighed in on AMPL. Robert W. Baird cut their target price on shares of Amplitude from $17.00 to $14.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Needham & Company LLC upped their price target on Amplitude from $16.00 to $18.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Bank of America upped their price target on Amplitude from $13.00 to $15.00 and gave the company a "buy" rating in a report on Monday, June 16th. Morgan Stanley upped their price target on Amplitude from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Finally, Piper Sandler upped their price target on Amplitude from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Amplitude presently has an average rating of "Moderate Buy" and an average price target of $13.80.

Amplitude Price Performance

Shares of AMPL stock traded up $0.08 during trading hours on Monday, reaching $11.44. 267,758 shares of the stock were exchanged, compared to its average volume of 1,199,042. The business's fifty day moving average is $12.30 and its two-hundred day moving average is $11.56. Amplitude has a 12-month low of $7.55 and a 12-month high of $14.88. The firm has a market capitalization of $1.17 billion, a P/E ratio of -15.04 and a beta of 1.54.

Amplitude (NASDAQ:AMPL - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.01 earnings per share for the quarter, hitting 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 firm had revenue of $83.27 million for the quarter, compared to analyst estimates of $81.29 million. The firm's revenue was up 13.6% compared to the same quarter last year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AMPL. Alliancebernstein L.P. raised its position in Amplitude by 2,126.0% in the second quarter. Alliancebernstein L.P. now owns 4,160,481 shares of the company's stock worth $51,590,000 after acquiring an additional 3,973,575 shares in the last quarter. Baillie Gifford & Co. purchased a new position in shares of Amplitude in the first quarter valued at $20,292,000. T. Rowe Price Investment Management Inc. increased its position in shares of 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 valued at $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% in the fourth quarter. Sunriver Management LLC now owns 3,772,808 shares of the company's stock valued at $39,803,000 after buying an additional 737,600 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of Amplitude by 932.3% in the second quarter. Squarepoint Ops LLC now owns 529,050 shares of the company's stock valued at $6,560,000 after buying an additional 477,801 shares in the last quarter. Hedge funds and other institutional investors own 73.20% of the company's stock.

Insider Activity at Amplitude

In related news, Director Catherine Wong sold 8,502 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $12.49, for a total transaction of $106,189.98. Following the completion of the sale, the director directly owned 79,152 shares of the company's stock, valued at $988,608.48. This trade represents a 9.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Erica Schultz sold 7,500 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $12.56, for a total value of $94,200.00. Following the sale, the director directly owned 107,406 shares of the company's stock, valued at approximately $1,349,019.36. This represents a 6.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,911 shares of company stock valued at $571,352 over the last three months. Corporate insiders own 23.83% 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.