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

Shares of Amplitude, Inc. (NASDAQ:AMPL) have been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $14.80.

A number of equities analysts have recently commented on AMPL shares. UBS Group raised Amplitude from a “neutral” rating to a “buy” rating and set a $13.00 price target for the company in a report on Friday, October 31st. Morgan Stanley set a $16.00 price target on shares of Amplitude and gave the stock an “overweight” rating in a report on Thursday, January 15th. DA Davidson reissued a “buy” rating and set a $16.00 price objective on shares of Amplitude in a research note on Monday, September 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Amplitude in a report on Monday, December 29th. Finally, BTIG Research assumed coverage on shares of Amplitude in a research report on Tuesday, December 16th. They issued a “buy” rating and a $14.00 price objective on the stock.

Insiders Place Their Bets

In related news, CFO Andrew Casey acquired 30,000 shares of the stock in a transaction on Friday, November 7th. The stock was purchased at an average price 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 of the company’s stock, valued at $11,594,473.92. This trade represents a 2.65% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Erica Schultz sold 10,000 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $10.88, for a total value of $108,800.00. Following the sale, the director directly owned 114,906 shares of the company’s stock, valued at approximately $1,250,177.28. This trade represents a 8.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 462,843 shares of company stock valued at $5,121,643 in the last ninety days. Company insiders own 23.83% of the company’s stock.

Institutional Investors Weigh In On Amplitude

A number of large investors have recently added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of Amplitude in the third quarter valued at about $32,000. State of Alaska Department of Revenue purchased a new stake in shares of Amplitude during the third quarter worth about $48,000. Osaic Holdings Inc. grew its stake in shares of Amplitude by 57.8% in the second quarter. Osaic Holdings Inc. now owns 5,132 shares of the company’s stock worth $64,000 after purchasing an additional 1,879 shares during the last quarter. Legato Capital Management LLC purchased a new position in Amplitude during the 3rd quarter valued at about $112,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in Amplitude during the 3rd quarter valued at about $113,000. Institutional investors own 73.20% of the company’s stock.

Amplitude Stock Down 0.2%

AMPL opened at $9.81 on Thursday. The firm has a 50-day moving average price of $10.86 and a 200-day moving average price of $11.11. Amplitude has a twelve month low of $7.55 and a twelve month high of $14.88. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of -12.26 and a beta of 1.49.

Amplitude (NASDAQ:AMPL) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Amplitude had a negative net margin of 31.36% and a negative return on equity of 36.27%. The company had revenue of $88.56 million for the quarter, compared to analysts’ expectations of $86.29 million. During the same period in the prior year, the company posted $0.03 EPS. Amplitude’s revenue was up 17.8% compared to the same quarter last year. On average, sell-side analysts expect that Amplitude will post -0.62 earnings per share for the current fiscal year.

About Amplitude

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.