Amplitude, Inc. (NASDAQ:AMPL) Given Average Recommendation of “Moderate Buy” by Brokerages

Amplitude, Inc. (NASDAQ:AMPL) has been given an average recommendation of “Moderate Buy” by the eleven brokerages that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $13.50.

Several equities analysts recently commented on AMPL shares. Morgan Stanley boosted their price objective on shares of Amplitude from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Friday, May 9th. Robert W. Baird reduced their price objective on shares of Amplitude from $17.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, May 8th. DA Davidson reduced their price objective on shares of Amplitude from $16.00 to $12.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price objective on shares of Amplitude in a research note on Wednesday, June 11th. Finally, Piper Sandler boosted their price objective on shares of Amplitude from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th.

Insider Transactions at Amplitude

In related news, Director Catherine Wong sold 8,502 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $12.49, for a total value of $106,189.98. Following the completion of the sale, the director directly owned 79,152 shares of the company’s stock, valued at approximately $988,608.48. This represents a 9.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Erica Schultz sold 26,394 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $12.49, for a total transaction of $329,661.06. Following the sale, the director directly owned 92,500 shares of the company’s stock, valued at approximately $1,155,325. This trade represents a 22.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,411 shares of company stock worth $730,902 in the last quarter. Company insiders own 23.83% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Baillie Gifford & Co. purchased a new stake in Amplitude in the first quarter worth $20,292,000. T. Rowe Price Investment Management Inc. increased its stake in Amplitude by 9.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,996,229 shares of the company’s stock worth $94,911,000 after purchasing an additional 770,227 shares during the period. Sunriver Management LLC increased its stake in Amplitude by 24.3% in the fourth quarter. Sunriver Management LLC now owns 3,772,808 shares of the company’s stock worth $39,803,000 after purchasing an additional 737,600 shares during the period. Meros Investment Management LP increased its stake in Amplitude by 4,682.9% in the first quarter. Meros Investment Management LP now owns 462,314 shares of the company’s stock worth $4,711,000 after purchasing an additional 452,648 shares during the period. Finally, Vanguard Group Inc. increased its stake in Amplitude by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 9,189,698 shares of the company’s stock worth $96,951,000 after purchasing an additional 447,277 shares during the period. 73.20% of the stock is owned by hedge funds and other institutional investors.

Amplitude Stock Performance

Shares of AMPL stock opened at $12.76 on Friday. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -16.79 and a beta of 1.54. Amplitude has a 52 week low of $7.37 and a 52 week high of $14.88. The firm’s 50-day simple moving average is $11.72 and its two-hundred day simple moving average is $11.26.

Amplitude (NASDAQ:AMPL) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.16). The company had revenue of $79.95 million during the quarter, compared to the consensus estimate of $79.81 million. Amplitude had a negative return on equity of 32.50% and a negative net margin of 31.01%. The business’s revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.01 EPS. Analysts forecast that Amplitude will post -0.62 earnings per share for the current year.

About Amplitude

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.