Amplitude, Inc. (NASDAQ:AMPL) Receives $14.89 Consensus Target Price from Analysts

Shares of Amplitude, Inc. (NASDAQ:AMPL) have been given an average rating of “Moderate Buy” by the eleven analysts that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $15.00.

AMPL has been the subject of several research analyst reports. KeyCorp upgraded Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price objective for the company in a research report on Friday, December 13th. Citigroup lifted their target price on Amplitude from $11.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. DA Davidson raised Amplitude from a “neutral” rating to a “buy” rating and lifted their target price for the company from $12.50 to $16.00 in a research note on Thursday, February 20th. Morgan Stanley lifted their target price on Amplitude from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Thursday, February 20th. Finally, Robert W. Baird raised Amplitude from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $12.00 to $17.00 in a research note on Thursday, February 20th.

Insider Buying and Selling

In related news, Director Eric Vishria sold 3,563 shares of Amplitude stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $12.00, for a total transaction of $42,756.00. Following the completion of the sale, the director now directly owns 276,208 shares of the company’s stock, valued at $3,314,496. The trade was a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 45,000 shares of company stock valued at $568,129 over the last three months. Company 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 AMPL. T. Rowe Price Investment Management Inc. grew its stake in shares of Amplitude by 9.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,996,229 shares of the company’s stock worth $94,911,000 after purchasing an additional 770,227 shares during the period. Sunriver Management LLC grew its stake in Amplitude by 24.3% in the fourth quarter. Sunriver Management LLC now owns 3,772,808 shares of the company’s stock valued at $39,803,000 after acquiring an additional 737,600 shares during the period. ArrowMark Colorado Holdings LLC grew its stake in Amplitude by 56.6% in the third quarter. ArrowMark Colorado Holdings LLC now owns 1,482,738 shares of the company’s stock valued at $13,300,000 after acquiring an additional 535,624 shares during the period. Vanguard Group Inc. grew its stake in Amplitude by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 9,189,698 shares of the company’s stock valued at $96,951,000 after acquiring an additional 447,277 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in Amplitude in the fourth quarter valued at about $4,320,000. 73.20% of the stock is owned by institutional investors and hedge funds.

Amplitude Stock Performance

Shares of AMPL opened at $12.76 on Monday. The stock has a fifty day moving average price of $11.71 and a two-hundred day moving average price of $10.33. Amplitude has a 52-week low of $7.37 and a 52-week high of $14.88. The company has a market cap of $1.65 billion, a price-to-earnings ratio of -16.57 and a beta of 1.37.

Amplitude (NASDAQ:AMPL) last issued its quarterly earnings data on Wednesday, February 19th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.27). Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. The business had revenue of $78.13 million during the quarter, compared to the consensus estimate of $76.68 million. As a group, research analysts predict that Amplitude will post -0.62 EPS for the current fiscal year.

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.