Amplitude (NASDAQ:AMPL - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at Needham & Company LLC in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $16.00 target price on the stock. Needham & Company LLC's price target points to a potential upside of 75.82% from the company's current price.
Several other brokerages also recently commented on AMPL. Citigroup upped their price target on shares of Amplitude from $11.00 to $15.00 and gave the company a "neutral" rating in a research report on Monday, February 24th. Piper Sandler raised their target price on Amplitude from $15.00 to $17.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. UBS Group upped their price target on Amplitude from $10.00 to $13.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Robert W. Baird raised shares of Amplitude from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $12.00 to $17.00 in a research report on Thursday, February 20th. Finally, Bank of America lifted their target price on shares of Amplitude from $14.00 to $16.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amplitude has an average rating of "Moderate Buy" and a consensus price target of $13.90.
View Our Latest Research Report on AMPL
Amplitude Price Performance
Shares of AMPL traded down $0.03 during mid-day trading on Wednesday, hitting $9.10. The company's stock had a trading volume of 477,661 shares, compared to its average volume of 657,441. Amplitude has a fifty-two week low of $7.37 and a fifty-two week high of $14.88. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -11.82 and a beta of 1.40. The firm has a 50-day moving average price of $10.71 and a 200 day moving average price of $10.71.
Amplitude (NASDAQ:AMPL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported ($0.26) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.27). The company had revenue of $78.13 million for the quarter, compared to analyst estimates of $76.68 million. Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. As a group, equities analysts anticipate that Amplitude will post -0.62 EPS for the current fiscal year.
Insider Buying and Selling
In other news, Director Eric Vishria sold 35,000 shares of Amplitude stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $12.80, for a total transaction of $448,000.00. Following the sale, the director now owns 286,859 shares of the company's stock, valued at approximately $3,671,795.20. This trade represents a 10.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.80% of the stock is owned by company insiders.
Institutional Investors Weigh In On Amplitude
Institutional investors and hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC bought a new position in Amplitude during the fourth quarter worth about $38,000. Aquatic Capital Management LLC grew its holdings in shares of Amplitude by 176.5% in the 4th quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company's stock worth $44,000 after purchasing an additional 2,647 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Amplitude by 255.0% in 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 last quarter. Summit Investment Advisors Inc. boosted its stake in Amplitude by 22.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company's stock worth $86,000 after purchasing an additional 1,492 shares in the last quarter. Finally, Meros Investment Management LP acquired a new stake in shares of Amplitude in the fourth quarter valued at $102,000. Institutional investors own 73.20% of the company's stock.
About Amplitude
(
Get Free Report)
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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