Amplitude (NASDAQ:AMPL) Releases Q2 Earnings Guidance

Amplitude (NASDAQ:AMPLGet Rating) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of -($0.12-0.11) for the period, compared to the consensus estimate of ($0.12). The company issued revenue guidance of $54.5-55.5 million, compared to the consensus revenue estimate of $55.14 million.Amplitude also updated its FY22 guidance to -($0.41-0.39) EPS.

NASDAQ AMPL traded up $0.01 on Friday, reaching $16.82. The company had a trading volume of 1,227,239 shares, compared to its average volume of 981,359. The firm’s 50 day moving average price is $18.50 and its 200 day moving average price is $41.02. Amplitude has a 12 month low of $15.17 and a 12 month high of $87.98.

Amplitude (NASDAQ:AMPLGet Rating) last issued its quarterly earnings data on Wednesday, May 4th. The company reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.60). The business had revenue of $53.10 million for the quarter, compared to analyst estimates of $50.84 million. During the same period in the prior year, the firm earned ($0.13) earnings per share. The firm’s quarterly revenue was up 60.4% on a year-over-year basis. As a group, analysts forecast that Amplitude will post -0.4 EPS for the current fiscal year.

AMPL has been the subject of a number of recent research reports. Robert W. Baird dropped their price objective on shares of Amplitude from $75.00 to $40.00 in a research note on Thursday, February 17th. KeyCorp dropped their price objective on shares of Amplitude from $32.00 to $24.00 and set an overweight rating for the company in a research note on Monday, April 25th. Finally, Citigroup lifted their price objective on shares of Amplitude from $34.00 to $35.00 in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Buy and an average target price of $53.67.

In related news, major shareholder Us (Ttgp) Ltd. Sc acquired 552,532 shares of the stock in a transaction on Tuesday, February 22nd. The stock was bought at an average cost of $20.30 per share, with a total value of $11,216,399.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Patrick W. Grady acquired 186,217 shares of the stock in a transaction on Wednesday, February 23rd. The stock was bought at an average cost of $20.51 per share, with a total value of $3,819,310.67. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 2,563,748 shares of company stock valued at $49,947,941. 63.43% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in AMPL. Advisor Group Holdings Inc. purchased a new stake in shares of Amplitude in the 4th quarter worth approximately $35,000. Thrive Capital Management LLC purchased a new stake in shares of Amplitude in the 3rd quarter worth approximately $74,000. Morgan Stanley purchased a new stake in shares of Amplitude in the 3rd quarter worth approximately $173,000. Parametric Portfolio Associates LLC purchased a new stake in shares of Amplitude in the 4th quarter worth approximately $316,000. Finally, Credit Suisse AG purchased a new stake in shares of Amplitude in the 4th quarter worth approximately $771,000. 79.32% 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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Earnings History and Estimates for Amplitude (NASDAQ:AMPL)

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