Zurcher Kantonalbank Zurich Cantonalbank Buys 5,009 Shares of Amplitude, Inc. (NASDAQ:AMPL)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Amplitude, Inc. (NASDAQ:AMPL) by 36.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,594 shares of the company’s stock after buying an additional 5,009 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Amplitude were worth $237,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMPL. BluePath Capital Management LLC bought a new position in shares of Amplitude during the third quarter valued at about $33,000. SG Americas Securities LLC purchased a new stake in shares of Amplitude during the third quarter worth about $116,000. Fox Run Management L.L.C. purchased a new stake in shares of Amplitude during the third quarter worth about $145,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Amplitude by 22.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,885 shares of the company’s stock worth $151,000 after purchasing an additional 2,170 shares during the period. Finally, Spouting Rock Asset Management LLC boosted its holdings in shares of Amplitude by 12.1% during the third quarter. Spouting Rock Asset Management LLC now owns 16,021 shares of the company’s stock worth $185,000 after purchasing an additional 1,724 shares during the period. 73.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Morgan Stanley dropped their target price on shares of Amplitude from $12.00 to $10.00 and set an “underweight” rating for the company in a report on Wednesday, April 17th. Citigroup dropped their target price on shares of Amplitude from $14.00 to $13.00 and set a “neutral” rating for the company in a report on Wednesday, February 21st. Piper Sandler restated a “neutral” rating and issued a $11.00 price objective on shares of Amplitude in a report on Wednesday, February 21st. Scotiabank lowered shares of Amplitude from a “sector outperform” rating to a “sector perform” rating and set a $12.00 price objective for the company. in a report on Wednesday, February 21st. Finally, KeyCorp assumed coverage on shares of Amplitude in a report on Thursday, March 21st. They issued a “sector weight” rating for the company. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.50.

Amplitude Stock Performance

AMPL stock opened at $10.07 on Tuesday. The firm has a 50 day moving average price of $10.64 and a 200-day moving average price of $11.51. Amplitude, Inc. has a 52-week low of $8.50 and a 52-week high of $14.42. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of -12.91 and a beta of 1.36.

Amplitude (NASDAQ:AMPL) last released its earnings results on Tuesday, February 20th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01). The business had revenue of $71.40 million for the quarter, compared to analysts’ expectations of $71.56 million. Amplitude had a negative net margin of 32.71% and a negative return on equity of 27.73%. As a group, sell-side analysts forecast that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Insider Activity at Amplitude

In related news, Director Catherine Wong sold 3,515 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 86,335 shares of the company’s stock, valued at $1,033,429.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 28.71% of the stock is owned by insiders.

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.