Zacks: Brokerages Anticipate Amplitude, Inc. (NASDAQ:AMPL) to Announce -$0.10 EPS

Wall Street brokerages predict that Amplitude, Inc. (NASDAQ:AMPLGet Rating) will announce earnings of ($0.10) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Amplitude’s earnings. The company is expected to report its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Amplitude will report full-year earnings of ($0.44) per share for the current year, with EPS estimates ranging from ($0.44) to ($0.43). For the next financial year, analysts anticipate that the firm will post earnings of ($0.45) per share, with EPS estimates ranging from ($0.49) to ($0.40). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Amplitude.

Amplitude (NASDAQ:AMPLGet Rating) last issued its quarterly earnings data on Wednesday, February 16th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.03. The business had revenue of $49.40 million during the quarter, compared to the consensus estimate of $46.95 million. The company’s revenue was up 64.1% on a year-over-year basis.

A number of research firms have weighed in on AMPL. Citigroup decreased their target price on shares of Amplitude from $80.00 to $60.00 in a research report on Friday, February 11th. Robert W. Baird decreased their target price on shares of Amplitude from $75.00 to $40.00 in a research report on Thursday, February 17th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $67.00.

NASDAQ AMPL traded down $1.22 during trading hours on Friday, reaching $18.82. The company’s stock had a trading volume of 1,089,337 shares, compared to its average volume of 697,385. The firm has a fifty day simple moving average of $19.98 and a 200-day simple moving average of $43.58. Amplitude has a 52 week low of $15.17 and a 52 week high of $87.98.

In related news, CRO Matthew Heinz sold 7,581 shares of the business’s stock in a transaction dated Thursday, February 10th. The stock was sold at an average price of $45.09, for a total value of $341,827.29. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Us (Ttgp) Ltd. Sc acquired 1,824,999 shares of the stock in a transaction that occurred on Friday, February 18th. The stock was purchased at an average price of $19.13 per share, for a total transaction of $34,912,230.87. The disclosure for this purchase can be found here. In the last three months, insiders purchased 2,563,748 shares of company stock valued at $49,947,941. 63.43% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of AMPL. Battery Management Corp. bought a new stake in shares of Amplitude in the 3rd quarter valued at about $759,925,000. Lone Pine Capital LLC purchased a new position in shares of Amplitude during the 3rd quarter worth approximately $88,411,000. Matrix Capital Management Company LP grew its holdings in shares of Amplitude by 543.0% during the 4th quarter. Matrix Capital Management Company LP now owns 1,607,400 shares of the company’s stock worth $85,096,000 after acquiring an additional 1,357,400 shares during the period. Anatole Investment Management Ltd grew its stake in shares of Amplitude by 182.1% in the 4th quarter. Anatole Investment Management Ltd now owns 2,041,390 shares of the company’s stock worth $108,071,000 after buying an additional 1,317,690 shares during the last quarter. Finally, West Rim Capital Associates II L.P. purchased a new stake in shares of Amplitude in the 4th quarter worth approximately $63,392,000. 64.18% of the stock is owned by institutional investors.

Amplitude Company Profile (Get Rating)

Amplitude, Inc provides a digital optimization system to analyze customer behavior within digital products in the United States and internationally. It offers Amplitude analytics for insights of customer behavior; Amplitude Recommend, a no-code personalization solution that helps to increase customer engagement by adapting digital products and campaigns to every user based on behavior; Amplitude Experiment, an integrated solution that enables teams to determine and deliver the product experiences for their customers through A/B tests and controlled feature releases; Amplitude Behavioral Graph, a proprietary database for deep, real-time interactive behavioral analysis, and behavior-driven personalization – instantly joining, analyzing, and correlating any customer actions to outcomes, such as engagement, growth, and loyalty; and data management, a real-time data layer for planning, integrating, and managing data sources to create a foundation with identity resolution, enterprise-level security, and privacy solutions.

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