Amplitude (NASDAQ:AMPL) Releases Q2 2022 Earnings Guidance

Amplitude (NASDAQ:AMPLGet Rating) issued an update on its second quarter 2022 earnings guidance on Monday 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 $54.50 million-$55.50 million, compared to the consensus revenue estimate of $55.06 million.Amplitude also updated its FY 2022 guidance to -$0.41–$0.39 EPS.

Shares of AMPL traded down $1.45 during mid-day trading on Monday, hitting $15.37. 54,593 shares of the company’s stock traded hands, compared to its average volume of 1,577,217. Amplitude has a 1 year low of $15.17 and a 1 year high of $87.98. The business’s 50-day moving average price is $18.50 and its 200-day moving average price is $40.67.

Amplitude (NASDAQ:AMPLGet Rating) last posted its earnings results on Wednesday, May 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.03. The business had revenue of $53.10 million for the quarter, compared to analysts’ expectations of $50.84 million. During the same period last year, the firm posted ($0.13) earnings per share. Amplitude’s quarterly revenue was up 60.4% on a year-over-year basis. Research analysts forecast that Amplitude will post -0.41 EPS for the current fiscal year.

AMPL has been the topic of several research analyst reports. Citigroup boosted their target price on Amplitude from $34.00 to $35.00 in a research note on Thursday. Robert W. Baird reduced their price target on Amplitude from $75.00 to $40.00 in a research note on Thursday, February 17th. Finally, KeyCorp reduced their price target on Amplitude from $32.00 to $24.00 and set an overweight rating on the stock in a research note on Monday, April 25th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Buy and an average price target of $53.67.

In other Amplitude news, major shareholder Us (Ttgp) Ltd. Sc purchased 1,824,999 shares of the stock in a transaction dated Friday, February 18th. The shares were purchased at an average cost of $19.13 per share, with a total value of $34,912,230.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Patrick W. Grady purchased 186,217 shares of the stock in a transaction dated Wednesday, February 23rd. The shares were acquired at an average cost of $20.51 per share, for a total transaction of $3,819,310.67. The disclosure for this purchase can be found here. Insiders acquired 2,563,748 shares of company stock worth $49,947,941 over the last three months.

Several large investors have recently made changes to their positions in AMPL. Morgan Stanley bought a new position in shares of Amplitude during the third quarter valued at $173,000. Thrive Capital Management LLC bought a new position in shares of Amplitude during the third quarter valued at $74,000. Advisor Group Holdings Inc. bought a new position in shares of Amplitude during the fourth quarter valued at $35,000. Privium Fund Management UK Ltd bought a new position in shares of Amplitude during the fourth quarter valued at $7,052,000. Finally, Charles Schwab Investment Management Inc. bought a new position in Amplitude in the fourth quarter valued at about $5,837,000. 79.32% of the stock is currently owned by hedge funds and other 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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