Amplitude, Inc. (NASDAQ:AMPL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Amplitude, Inc. (NASDAQ:AMPL) has been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $14.40.

A number of research analysts recently weighed in on AMPL shares. UBS Group lifted their price objective on shares of Amplitude from $10.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Robert W. Baird upgraded shares of Amplitude from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $12.00 to $17.00 in a research note on Thursday, February 20th. Citigroup increased their price objective on Amplitude from $11.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. Needham & Company LLC reissued a “buy” rating and set a $16.00 price objective on shares of Amplitude in a research report on Tuesday, March 11th. Finally, Bank of America raised their target price on Amplitude from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th.

Amplitude Price Performance

Shares of AMPL opened at $7.71 on Tuesday. The firm has a 50-day simple moving average of $11.00 and a two-hundred day simple moving average of $10.71. Amplitude has a 1-year low of $7.37 and a 1-year high of $14.88. The stock has a market cap of $997.76 million, a PE ratio of -10.01 and a beta of 1.40.

Amplitude (NASDAQ:AMPL) last announced its earnings results on Wednesday, February 19th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.27). The firm had revenue of $78.13 million during the quarter, compared to analysts’ expectations of $76.68 million. Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. As a group, sell-side analysts expect that Amplitude will post -0.62 earnings per share for the current fiscal year.

Insider Activity at Amplitude

In other news, Director Eric Vishria sold 3,563 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $12.00, for a total value of $42,756.00. Following the completion of the sale, the director now owns 276,208 shares in the company, valued at approximately $3,314,496. This trade represents a 1.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Amplitude

A number of large investors have recently modified their holdings of the business. Blue Trust Inc. boosted its stake in shares of Amplitude by 15.0% during the 1st quarter. Blue Trust Inc. now owns 35,391 shares of the company’s stock worth $361,000 after acquiring an additional 4,608 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Amplitude during the 1st quarter worth approximately $107,000. Stanley Laman Group Ltd. lifted its stake in Amplitude by 10.1% in the 1st quarter. Stanley Laman Group Ltd. now owns 47,692 shares of the company’s stock valued at $486,000 after buying an additional 4,387 shares in the last quarter. William Marsh Rice University purchased a new stake in Amplitude during the 1st quarter worth about $171,000. Finally, Rhumbline Advisers grew its holdings in shares of Amplitude by 6.4% during the first quarter. Rhumbline Advisers now owns 108,431 shares of the company’s stock worth $1,105,000 after buying an additional 6,477 shares in the last quarter. 73.20% of the stock is owned by hedge funds and other institutional investors.

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.