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

Amplitude, Inc. (NASDAQ:AMPL) has earned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $13.50.

Several research analysts have recently weighed in on the company. Piper Sandler upped their target price on Amplitude from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Baird R W upgraded shares of Amplitude from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 20th. Morgan Stanley increased their price objective on shares of Amplitude from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Friday, May 9th. Robert W. Baird dropped their target price on shares of Amplitude from $17.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, May 8th. Finally, Citigroup upped their price target on shares of Amplitude from $11.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th.

Amplitude Price Performance

Shares of Amplitude stock opened at $11.86 on Wednesday. The stock has a market cap of $1.17 billion, a PE ratio of -15.61 and a beta of 1.56. The firm has a fifty day moving average price of $10.77 and a 200 day moving average price of $11.18. Amplitude has a 1 year low of $7.37 and a 1 year high of $14.88.

Amplitude (NASDAQ:AMPL) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $79.81 million. Amplitude had a negative return on equity of 32.50% and a negative net margin of 31.01%. Amplitude’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 EPS. As a group, equities analysts expect that Amplitude will post -0.62 EPS for the current year.

Insider Transactions at Amplitude

In other Amplitude news, Director Eric Vishria sold 25,000 shares of Amplitude stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $10.15, for a total transaction of $253,750.00. Following the transaction, the director now directly owns 261,859 shares of the company’s stock, valued at $2,657,868.85. The trade was a 8.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Catherine Wong sold 3,515 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $11.75, for a total transaction of $41,301.25. Following the completion of the sale, the director now directly owns 87,654 shares of the company’s stock, valued at approximately $1,029,934.50. This trade represents a 3.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,411 shares of company stock worth $730,902 in the last ninety days. Insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Amplitude

A number of institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers raised its holdings in shares of Amplitude by 6.4% in the 1st quarter. Rhumbline Advisers now owns 108,431 shares of the company’s stock valued at $1,105,000 after buying an additional 6,477 shares during the period. Strs Ohio acquired a new position in Amplitude in the 1st quarter valued at about $331,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Amplitude by 36.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,634 shares of the company’s stock valued at $2,034,000 after acquiring an additional 53,791 shares in the last quarter. Caxton Associates LLP purchased a new stake in Amplitude during the first quarter worth about $131,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Amplitude by 60.0% during the first quarter. Goldman Sachs Group Inc. now owns 473,491 shares of the company’s stock worth $4,825,000 after purchasing an additional 177,599 shares in the last quarter. 73.20% of the stock is currently owned by institutional investors and hedge funds.

About Amplitude

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.