Analysts Anticipate Amplitude, Inc. (NASDAQ:AMPL) Will Announce Quarterly Sales of $50.44 Million

Wall Street analysts expect that Amplitude, Inc. (NASDAQ:AMPLGet Rating) will post sales of $50.44 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Amplitude’s earnings, with the highest sales estimate coming in at $50.52 million and the lowest estimate coming in at $50.30 million. The firm is expected to report its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Amplitude will report full year sales of $229.97 million for the current year, with estimates ranging from $228.20 million to $231.90 million. For the next fiscal year, analysts forecast that the company will report sales of $306.20 million, with estimates ranging from $299.10 million to $314.59 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Amplitude.

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

A number of equities analysts recently commented on the company. Citigroup lowered their target price on Amplitude from $80.00 to $60.00 in a report on Friday, February 11th. Robert W. Baird lowered their target price on Amplitude from $75.00 to $40.00 in a report on Thursday, February 17th. Finally, KeyCorp lowered their target price on Amplitude from $32.00 to $24.00 and set an “overweight” rating for the company in a report on Monday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $57.83.

Shares of Amplitude stock opened at $18.68 on Tuesday. The business has a 50-day moving average of $19.98 and a 200 day moving average of $43.47. Amplitude has a 12 month low of $15.17 and a 12 month high of $87.98.

In other Amplitude news, Director Patrick W. Grady bought 186,217 shares of the business’s stock in a transaction dated Wednesday, February 23rd. The shares were acquired at an average price of $20.51 per share, with a total value of $3,819,310.67. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Us (Ttgp) Ltd. Sc bought 1,824,999 shares of the business’s stock in a transaction dated Friday, February 18th. The shares were acquired at an average cost of $19.13 per share, for a total transaction of $34,912,230.87. The disclosure for this purchase can be found here. Insiders acquired a total of 2,563,748 shares of company stock worth $49,947,941 in the last ninety days. 63.43% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Harvard Management Co. Inc. acquired a new stake in shares of Amplitude during the 3rd quarter worth about $29,000. Advisor Group Holdings Inc. purchased a new position in Amplitude during the 4th quarter worth approximately $35,000. Thrive Capital Management LLC purchased a new position in Amplitude during the 3rd quarter worth approximately $74,000. IFP Advisors Inc purchased a new position in Amplitude during the 4th quarter worth approximately $74,000. Finally, Morgan Stanley purchased a new position in Amplitude during the 3rd quarter worth approximately $173,000. 64.18% of the stock is currently owned by institutional investors and hedge funds.

About Amplitude (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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