Amplitude, Inc. (NASDAQ:AMPL) Given Consensus Recommendation of “Reduce” by Brokerages

Amplitude, Inc. (NASDAQ:AMPL) has been given an average rating of “Reduce” by the six ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $11.50.

Several research firms have recently commented on AMPL. KeyCorp began coverage on shares of Amplitude in a report on Thursday, March 21st. They issued a “sector weight” rating on the stock. Citigroup decreased their price target on shares of Amplitude from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 21st. Scotiabank downgraded shares of Amplitude from a “sector outperform” rating to a “sector perform” rating and set a $12.00 price target on the stock. in a research note on Wednesday, February 21st. Piper Sandler reaffirmed a “neutral” rating and set a $11.00 price target on shares of Amplitude in a research note on Wednesday, February 21st. Finally, Morgan Stanley decreased their price target on shares of Amplitude from $12.00 to $10.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 17th.

Amplitude Stock Performance

NASDAQ:AMPL opened at $10.07 on Tuesday. The firm has a market cap of $1.21 billion, a P/E ratio of -12.91 and a beta of 1.36. Amplitude has a fifty-two week low of $8.50 and a fifty-two week high of $14.42. The firm has a 50-day simple moving average of $10.64 and a two-hundred day simple moving average of $11.51.

Amplitude (NASDAQ:AMPL) last announced its quarterly earnings results on Tuesday, February 20th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The company had revenue of $71.40 million during the quarter, compared to the consensus estimate of $71.56 million. Amplitude had a negative return on equity of 27.73% and a negative net margin of 32.71%. On average, equities research analysts predict that Amplitude will post -0.62 EPS for the current year.

Insider Buying and Selling at Amplitude

In other Amplitude news, Director Catherine Wong sold 3,515 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $11.97, for a total transaction of $42,074.55. Following the transaction, the director now owns 86,335 shares in the company, valued at $1,033,429.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 28.71% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AMPL. Vanguard Group Inc. lifted its stake in Amplitude by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 7,843,411 shares of the company’s stock worth $99,768,000 after acquiring an additional 105,616 shares during the period. FMR LLC lifted its stake in Amplitude by 15.1% in the third quarter. FMR LLC now owns 2,949,218 shares of the company’s stock worth $34,122,000 after acquiring an additional 386,413 shares during the period. Sunriver Management LLC lifted its stake in Amplitude by 28.2% in the fourth quarter. Sunriver Management LLC now owns 2,242,883 shares of the company’s stock worth $28,529,000 after acquiring an additional 493,046 shares during the period. Optimus Prime Fund Management Co. Ltd. lifted its stake in Amplitude by 14.3% in the fourth quarter. Optimus Prime Fund Management Co. Ltd. now owns 1,515,100 shares of the company’s stock worth $19,272,000 after acquiring an additional 190,000 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Amplitude by 17.1% during the third quarter. Bank of New York Mellon Corp now owns 1,024,965 shares of the company’s stock valued at $11,859,000 after buying an additional 149,397 shares during the last quarter. 73.20% of the stock is currently owned by 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.