Amplitude (AMPL) Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Amplitude in the last twelve months. There are currently 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" AMPL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AMPL, but not buy additional shares or sell existing shares.
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8 Wall Street research analysts have issued 12 month target prices for Amplitude's shares. Their AMPL share price forecasts range from $10.00 to $18.00. On average, they predict the company's stock price to reach $14.00 in the next twelve months. This suggests a possible upside of 16.8% from the stock's current price.
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Amplitude's stock was trading at $12.08 at the beginning of 2023. Since then, AMPL stock has decreased by 0.7% and is now trading at $11.99.
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Amplitude saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,540,000 shares, a drop of 7.8% from the August 15th total of 1,670,000 shares. Based on an average trading volume of 508,100 shares, the days-to-cover ratio is currently 3.0 days. Currently, 2.6% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
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Amplitude, Inc. (NASDAQ:AMPL) posted its quarterly earnings results on Tuesday, August, 8th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $67.77 million for the quarter, compared to analyst estimates of $66.90 million. Amplitude had a negative net margin of 38.55% and a negative trailing twelve-month return on equity of 31.01%. The firm's quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.22) earnings per share.

Ranger Equity Bear ETF holds 100,000 shares of AMPL stock, representing -1.07% of its portfolio.

Amplitude updated its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of $0.02-$0.03 for the period, compared to the consensus earnings per share estimate of $0.02. The company issued revenue guidance of $69.70 million-$70.30 million, compared to the consensus revenue estimate of $67.00 million.

(AMPL) raised $1.2 billion in an initial public offering (IPO) on Tuesday, September 28th 2021. The company issued 35,398,389 shares at $35.00 per share.

Amplitude trades on the NASDAQ under the ticker symbol "AMPL."

Amplitude's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Battery Management CORP. (7.74%), BlackRock Inc. (3.97%), State Street Corp (1.27%), Geode Capital Management LLC (1.11%), Bank of New York Mellon Corp (0.75%) and Light Street Capital Management LLC (0.61%). Insiders that own company stock include An-Yen Hu, Battery Management Corp, Catherine Wong, Dennis B Phelps, Dharmesh Thakker, Hoang Vuong, J William Gurley, Jesse Feldman, Matthew Heinz, Morad Elhafed, Ninos Sarkis, Patrick W Grady, Peter H Fenton, Scott R Tobin, Steven M Spurlock, Thomas Neergaard Hansen, Todd C Chaffee and Us (Ttgp) Ltd Sc.
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Shares of AMPL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AMPL stock can currently be purchased for approximately $11.99.

Amplitude (NASDAQ:AMPL) has a market capitalization of $1.41 billion and generates $238.07 million in revenue each year. The company earns $-93,380,000.00 in net income (profit) each year or ($0.88) on an earnings per share basis.

The company employs 700 workers across the globe.

The official website for the company is www.amplitude.com. The company can be reached via phone at 415-231-2353 or via email at ir@amplitude.com.