Piper Sandler Boosts Amplitude (NASDAQ:AMPL) Price Target to $15.00

Amplitude (NASDAQ:AMPL) had its price objective hoisted by analysts at Piper Sandler from $14.00 to $15.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s target price indicates a potential upside of 40.98% from the company’s previous close.

Several other research firms have also weighed in on AMPL. Baird R W raised shares of Amplitude from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price objective on shares of Amplitude in a research report on Wednesday, April 23rd. UBS Group raised their target price on Amplitude from $10.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Bank of America upped their price target on Amplitude from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Finally, Scotiabank dropped their price objective on Amplitude from $12.00 to $10.00 and set a “sector perform” rating on the stock in a report on Thursday, April 24th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Amplitude presently has an average rating of “Moderate Buy” and an average price target of $13.60.

Amplitude Trading Up 1.3 %

Shares of Amplitude stock opened at $10.64 on Thursday. The firm’s 50 day simple moving average is $10.08 and its two-hundred day simple moving average is $10.73. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -13.82 and a beta of 1.40. Amplitude has a 12-month low of $7.37 and a 12-month high of $14.88.

Amplitude (NASDAQ:AMPL) last issued its earnings results on Wednesday, May 7th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.16). The firm had revenue of $79.95 million during the quarter, compared to analysts’ expectations of $79.81 million. Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. Amplitude’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.01 EPS. On average, sell-side analysts predict that Amplitude will post -0.62 EPS for the current fiscal year.

Insider Activity at Amplitude

In other news, Director Eric Vishria sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $12.80, for a total value of $448,000.00. Following the transaction, the director now owns 286,859 shares of the company’s stock, valued at approximately $3,671,795.20. The trade was a 10.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.80% of the stock is owned by insiders.

Institutional Trading of Amplitude

Institutional investors have recently modified their holdings of the business. Headlands Technologies LLC boosted its stake in shares of Amplitude by 260.7% during the 1st quarter. Headlands Technologies LLC now owns 13,017 shares of the company’s stock worth $133,000 after acquiring an additional 9,408 shares in the last quarter. Silver Lake Group L.L.C. purchased a new stake in Amplitude during the first quarter worth $159,000. Liberty Mutual Group Asset Management Inc. acquired a new stake in Amplitude in the first quarter valued at $947,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Amplitude by 16.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,989 shares of the company’s stock valued at $306,000 after buying an additional 4,301 shares in the last quarter. Finally, TD Asset Management Inc increased its position in shares of Amplitude by 5.8% in the first quarter. TD Asset Management Inc now owns 299,694 shares of the company’s stock valued at $3,054,000 after buying an additional 16,408 shares in the last quarter. 73.20% of the stock is currently 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.