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

Shares of Amplitude, Inc. (NASDAQ:AMPL) have been assigned an average rating of “Moderate Buy” from the thirteen brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $14.40.

A number of research firms recently issued reports on AMPL. UBS Group upgraded shares of Amplitude from a “neutral” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Friday, October 31st. DA Davidson reaffirmed a “buy” rating and issued a $16.00 price target on shares of Amplitude in a research report on Monday, September 29th. Piper Sandler reiterated an “overweight” rating and set a $16.00 price target on shares of Amplitude in a research note on Thursday, November 6th. Needham & Company LLC boosted their price objective on Amplitude from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, Robert W. Baird dropped their target price on Amplitude from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th.

Amplitude Price Performance

NASDAQ AMPL opened at $10.43 on Wednesday. The business has a 50 day simple moving average of $10.24 and a 200 day simple moving average of $11.39. Amplitude has a one year low of $7.55 and a one year high of $14.88. The stock has a market capitalization of $1.39 billion, a P/E ratio of -13.04 and a beta of 1.51.

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

Insider Transactions at Amplitude

In related news, CEO Spenser Skates sold 400,000 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $10.99, for a total transaction of $4,396,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Erica Schultz sold 10,000 shares of Amplitude stock in a transaction on Monday, November 17th. The stock was sold at an average price of $10.23, for a total value of $102,300.00. Following the sale, the director owned 107,406 shares in the company, valued at $1,098,763.38. The trade was a 8.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 430,000 shares of company stock worth $4,710,100 in the last quarter. 4.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amplitude

A number of hedge funds have recently modified their holdings of the stock. Quarry LP purchased a new position in shares of Amplitude during the 3rd quarter valued at $32,000. State of Alaska Department of Revenue bought a new stake in Amplitude during the 3rd quarter worth approximately $48,000. Osaic Holdings Inc. raised its position 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 buying an additional 1,879 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Amplitude by 33.3% during the 1st quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company’s stock valued at $59,000 after acquiring an additional 1,455 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Amplitude by 86.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,477 shares of the company’s stock worth $130,000 after buying an additional 4,858 shares in the last quarter. Institutional investors own 73.20% of the company’s stock.

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.