NASDAQ:AMPL - Get Free Report ) updated its second quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of -0.020--0.010 for the period, compared to the consensus estimate of 0.010. The company issued revenue guidance of $71.7 million-$72.3 million, compared to the consensus revenue estimate of $71.5 million. Amplitude also updated its FY 2024 guidance to 0.070-0.090 EPS.
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Amplitude Stock Performance Shares of NASDAQ AMPL traded down $0.18 during trading hours on Thursday, hitting $9.26. The stock had a trading volume of 651,296 shares, compared to its average volume of 424,551. The firm's 50-day moving average price is $10.51 and its two-hundred day moving average price is $11.49. Amplitude has a 52 week low of $8.50 and a 52 week high of $14.42. The company has a market capitalization of $1.12 billion, a P/E ratio of -11.87 and a beta of 1.36.
Amplitude (NASDAQ:AMPL - Get Free Report ) last announced its quarterly earnings results on Tuesday, February 20th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.01). Amplitude had a negative return on equity of 27.73% and a negative net margin of 32.71%. The business had revenue of $71.40 million for the quarter, compared to analyst estimates of $71.56 million. As a group, analysts expect that Amplitude will post -0.62 EPS for the current fiscal year.
Analyst Upgrades and Downgrades A number of analysts have weighed in on AMPL shares. Scotiabank cut Amplitude from a sector outperform rating to a sector perform rating and set a $12.00 price target for the company. in a research report on Wednesday, February 21st. Piper Sandler reaffirmed a neutral rating and set a $11.00 target price on shares of Amplitude in a research report on Wednesday, February 21st. Citigroup lowered their price target on Amplitude from $14.00 to $13.00 and set a neutral rating on the stock in a report on Wednesday, February 21st. KeyCorp started coverage on shares of Amplitude in a research note on Thursday, March 21st. They issued a sector weight rating for the company. Finally, Morgan Stanley dropped their target price on shares of Amplitude from $12.00 to $10.00 and set an underweight rating on the stock in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat, Amplitude has an average rating of Hold and an average target price of $11.50.
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Insider Buying and Selling at Amplitude In other news, Director Catherine Wong sold 3,515 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $11.97, for a total transaction of $42,074.55. Following the completion of the transaction, the director now directly owns 86,335 shares in the company, valued at $1,033,429.95. The sale was disclosed in a filing with the SEC, which can be accessed through this link . Insiders own 28.71% of the company's stock.
Amplitude Company Profile (
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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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