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

Shares of Amplitude, Inc. (NASDAQ:AMPL) have earned an average rating of “Moderate Buy” from the thirteen analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $14.40.

A number of research analysts have recently commented on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $16.00 price objective on shares of Amplitude in a research note on Thursday, November 6th. BTIG Research initiated coverage on shares of Amplitude in a report on Tuesday, December 16th. They issued a “buy” rating and a $14.00 target price for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Amplitude in a research report on Monday, December 22nd. DA Davidson reaffirmed a “buy” rating and issued a $16.00 target price on shares of Amplitude in a research report on Monday, September 29th. Finally, UBS Group upgraded Amplitude from a “neutral” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Friday, October 31st.

Amplitude Stock Down 0.1%

NASDAQ:AMPL opened at $11.93 on Friday. The firm’s fifty day simple moving average is $10.59 and its 200-day simple moving average is $11.27. The stock has a market cap of $1.59 billion, a PE ratio of -14.91 and a beta of 1.51. Amplitude has a fifty-two week low of $7.55 and a fifty-two week high of $14.88.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. Amplitude had a negative return on equity of 36.27% and a negative net margin of 31.36%.The business had revenue of $88.56 million during the quarter, compared to the consensus estimate of $86.29 million. During the same quarter in the previous year, the company posted $0.03 EPS. The business’s revenue was up 17.8% on a year-over-year basis. Equities analysts anticipate that Amplitude will post -0.62 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Spenser Skates sold 400,000 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $10.99, for a total value of $4,396,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Andrew Casey bought 30,000 shares of the business’s stock in a transaction on Friday, November 7th. The stock was acquired at an average cost of $9.99 per share, for a total transaction of $299,700.00. Following the completion of the transaction, the chief financial officer owned 1,160,608 shares in the company, valued at $11,594,473.92. This represents a 2.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders sold 430,000 shares of company stock valued at $4,708,300. Company insiders own 23.83% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AMPL. Penn Capital Management Company LLC bought a new stake in shares of Amplitude during the 3rd quarter valued at about $263,000. Woodline Partners LP acquired a new position in Amplitude in the third quarter valued at approximately $407,000. PharVision Advisers LLC acquired a new position in Amplitude in the third quarter valued at approximately $174,000. Dark Forest Capital Management LP grew its holdings in shares of Amplitude by 45.5% during the third quarter. Dark Forest Capital Management LP now owns 424,400 shares of the company’s stock valued at $4,550,000 after purchasing an additional 132,660 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Amplitude during the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 73.20% of the company’s stock.

Amplitude Company Profile

Amplitude, Inc is a software company specializing in digital analytics and product intelligence solutions for businesses seeking to optimize user engagement and drive growth. Its core offering, the Amplitude Analytics platform, enables customers to collect and analyze behavioral data from web and mobile applications in real time. The platform provides advanced segmentation, funnel analysis, retention tracking and pathfinding tools that help product, marketing and data teams understand user journeys, identify friction points and measure the impact of new features.

Founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang, Amplitude is headquartered in Redwood City, California, with additional offices spanning North America, Europe and Asia.