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

Amplitude, Inc. (NASDAQ:AMPL) has received an average rating of “Moderate Buy” from the twelve brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $14.80.

Several equities research analysts have recently commented on AMPL shares. Robert W. Baird raised their target price on shares of Amplitude from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Friday, December 19th. BTIG Research began coverage on shares of Amplitude in a research report on Tuesday, December 16th. They set a “buy” rating and a $14.00 price target on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Amplitude in a report on Monday, December 29th. Morgan Stanley set a $16.00 price objective on Amplitude and gave the company an “overweight” rating in a research report on Thursday, January 15th. Finally, Piper Sandler reiterated an “overweight” rating and set a $16.00 target price on shares of Amplitude in a report on Thursday, November 6th.

Amplitude Stock Performance

AMPL opened at $9.81 on Thursday. The stock has a market capitalization of $1.31 billion, a PE ratio of -12.26 and a beta of 1.49. The stock’s 50 day moving average price is $10.86 and its 200-day moving average price is $11.11. Amplitude has a 52-week low of $7.55 and a 52-week high of $14.88.

Amplitude (NASDAQ:AMPL) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $88.56 million during 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 firm’s revenue was up 17.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 earnings per share. Research analysts forecast that Amplitude will post -0.62 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Spenser Skates sold 42,743 shares of the business’s stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $12.01, for a total transaction of $513,343.43. The sale 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 Amplitude stock in a transaction dated 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 directly owned 1,160,608 shares in the company, valued at approximately $11,594,473.92. This trade represents a 2.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 462,843 shares of company stock valued at $5,121,643 over the last ninety days. Company insiders own 23.83% of the company’s stock.

Institutional Investors Weigh In On Amplitude

Several hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its holdings in Amplitude by 9.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 63,761 shares of the company’s stock worth $697,000 after purchasing an additional 5,626 shares during the period. Pallas Capital Advisors LLC purchased a new position in shares of Amplitude during the fourth quarter valued at approximately $133,000. SG Americas Securities LLC boosted its position in shares of Amplitude by 32.4% in the 4th quarter. SG Americas Securities LLC now owns 64,525 shares of the company’s stock worth $747,000 after purchasing an additional 15,808 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Amplitude by 30.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 39,577 shares of the company’s stock worth $450,000 after buying an additional 9,317 shares during the last quarter. Finally, Penn Capital Management Company LLC purchased a new stake in shares of Amplitude in the 3rd quarter worth approximately $263,000. Institutional investors 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.