Meros Investment Management LP Invests $102,000 in Amplitude, Inc. (NASDAQ:AMPL)

Meros Investment Management LP bought a new position in shares of Amplitude, Inc. (NASDAQ:AMPL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,666 shares of the company’s stock, valued at approximately $102,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of Amplitude in the fourth quarter valued at about $38,000. Aquatic Capital Management LLC raised its holdings in shares of Amplitude by 176.5% in the fourth quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company’s stock valued at $44,000 after acquiring an additional 2,647 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Amplitude by 255.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company’s stock valued at $75,000 after acquiring an additional 5,100 shares in the last quarter. Summit Investment Advisors Inc. raised its holdings in shares of Amplitude by 22.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company’s stock valued at $86,000 after acquiring an additional 1,492 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in shares of Amplitude in the fourth quarter valued at about $121,000. 73.20% of the stock is currently owned by institutional investors.

Amplitude Trading Up 12.5%

Amplitude stock opened at $11.97 on Tuesday. The firm has a market cap of $1.18 billion, a PE ratio of -15.55 and a beta of 1.40. The stock’s 50 day simple moving average is $10.06 and its two-hundred day simple moving average is $10.77. Amplitude, Inc. has a 12 month low of $7.37 and a 12 month high of $14.88.

Amplitude (NASDAQ:AMPL) last announced its earnings results on Wednesday, May 7th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.16). The business had revenue of $79.95 million for the quarter, compared to analyst estimates of $79.81 million. Amplitude had a negative return on equity of 32.24% and a negative net margin of 31.52%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.01 earnings per share. On average, equities research analysts forecast that Amplitude, Inc. will post -0.62 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AMPL shares. Scotiabank reduced their target price on shares of Amplitude from $12.00 to $10.00 and set a “sector perform” rating for the company in a report on Thursday, April 24th. UBS Group dropped their price target on Amplitude from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 target price on shares of Amplitude in a research report on Thursday, May 8th. Morgan Stanley upped their target price on Amplitude from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Piper Sandler upped their target price on Amplitude from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amplitude has an average rating of “Moderate Buy” and an average target price of $13.60.

Insider Transactions at Amplitude

In other news, Director Eric Vishria sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $10.15, for a total transaction of $253,750.00. Following the completion of the transaction, the director now directly owns 261,859 shares of the company’s stock, valued at $2,657,868.85. This represents a 8.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 23.83% 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.