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

Amplitude, Inc. (NASDAQ:AMPL) has earned a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $13.50.

A number of research firms have weighed in on AMPL. Piper Sandler boosted their target price on shares of Amplitude from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Wall Street Zen lowered Amplitude from a “buy” rating to a “hold” rating in a research report on Sunday, July 20th. Benchmark reiterated a “buy” rating on shares of Amplitude in a report on Friday, July 11th. Scotiabank lowered their target price on Amplitude from $12.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 24th. Finally, Bank of America upped their price objective on shares of Amplitude from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, June 16th.

Amplitude Trading Down 0.5%

AMPL stock opened at $12.72 on Thursday. The business’s 50 day simple moving average is $12.45 and its 200 day simple moving average is $11.50. The firm has a market capitalization of $1.26 billion, a PE ratio of -16.74 and a beta of 1.54. Amplitude has a 1-year low of $7.37 and a 1-year high of $14.88.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.16). Amplitude had a negative net margin of 31.01% and a negative return on equity of 32.50%. The business had revenue of $79.95 million during the quarter, compared to analyst estimates of $79.81 million. During the same quarter last year, the company posted $0.01 earnings per share. The company’s revenue was up 10.1% on a year-over-year basis. As a group, sell-side analysts predict that Amplitude will post -0.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amplitude news, Director Catherine Wong sold 8,502 shares of the business’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $12.49, for a total value of $106,189.98. Following the transaction, the director owned 79,152 shares in the company, valued at approximately $988,608.48. The trade was a 9.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Erica Schultz sold 26,394 shares of the company’s 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 $329,661.06. Following the transaction, the director directly owned 92,500 shares of the company’s stock, valued at $1,155,325. The trade was a 22.20% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,911 shares of company stock valued at $825,102. 23.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amplitude

Several hedge funds have recently bought and sold shares of AMPL. Vanguard Group Inc. boosted its position in shares of Amplitude by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 9,189,698 shares of the company’s stock valued at $96,951,000 after buying an additional 447,277 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Amplitude by 1.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 9,091,044 shares of the company’s stock worth $92,638,000 after purchasing an additional 94,815 shares during the last quarter. Sunriver Management LLC increased its holdings in shares of Amplitude by 2.1% in the 1st quarter. Sunriver Management LLC now owns 3,850,928 shares of the company’s stock worth $39,241,000 after buying an additional 78,120 shares during the last quarter. Baillie Gifford & Co. purchased a new stake in shares of Amplitude in the first quarter valued at $20,292,000. Finally, Geode Capital Management LLC boosted its stake in shares of Amplitude by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,955,564 shares of the company’s stock valued at $20,636,000 after purchasing an additional 52,033 shares during the period. Institutional investors own 73.20% of the company’s stock.

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.