Amplitude (AMPL) Set to Announce Earnings on Thursday

Amplitude (NASDAQ:AMPL) is scheduled to announce its earnings results after the market closes on Thursday, May 9th. Parties that are interested in participating in the company’s conference call can do so using this link.

Amplitude (NASDAQ:AMPL) last issued its earnings results on Tuesday, February 20th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). Amplitude had a negative net margin of 32.71% and a negative return on equity of 27.73%. The company had revenue of $71.40 million for the quarter, compared to analyst estimates of $71.56 million. On average, analysts expect Amplitude to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Amplitude Trading Up 0.2 %

NASDAQ AMPL opened at $10.07 on Tuesday. Amplitude has a 1-year low of $8.50 and a 1-year high of $14.42. The firm’s fifty day simple moving average is $10.64 and its 200-day simple moving average is $11.51. The company has a market capitalization of $1.21 billion, a PE ratio of -12.91 and a beta of 1.36.

Insider Activity at Amplitude

In other Amplitude news, Director Catherine Wong sold 3,515 shares of Amplitude stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $11.97, for a total transaction of $42,074.55. Following the sale, the director now owns 86,335 shares in the company, valued at $1,033,429.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 28.71% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AMPL has been the topic of several recent research reports. Citigroup cut their target price on Amplitude from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, February 21st. Morgan Stanley lowered their price objective on shares of Amplitude from $12.00 to $10.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 17th. KeyCorp began coverage on shares of Amplitude in a research report on Thursday, March 21st. They set a “sector weight” rating on the stock. Scotiabank downgraded shares of Amplitude from a “sector outperform” rating to a “sector perform” rating and set a $12.00 price target for the company. in a report on Wednesday, February 21st. Finally, Piper Sandler restated a “neutral” rating and set a $11.00 price objective on shares of Amplitude in a report on Wednesday, February 21st. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $11.50.

Amplitude Company Profile

Amplitude, Inc, together with its subsidiaries, provides a digital analytics platform that analyzes customer behavior in the United States and internationally. It offers Amplitude Analytics, which provides real-time product data and reconstructed user visits; Amplitude Experiment, a solution that allows teams to test new capabilities and safely roll out new features; Amplitude CDP, an insight-driven solution that encompasses the data infrastructure, audience management, and data streaming capabilities; and Amplitude Session Replay used by product, marketing, and data teams to understand user behavior, diagnose product issues, and improve product outcomes.