Amplitude, Inc. (NASDAQ:AMPL) Short Interest Update

Amplitude, Inc. (NASDAQ:AMPL) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 1,960,000 shares, an increase of 17.4% from the February 13th total of 1,670,000 shares. Based on an average daily trading volume, of 661,300 shares, the days-to-cover ratio is currently 3.0 days. Approximately 2.5% of the shares of the stock are sold short.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price target on shares of Amplitude in a research report on Tuesday, March 11th. Bank of America upped their target price on shares of Amplitude from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Baird R W upgraded shares of Amplitude from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 20th. KeyCorp upgraded shares of Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price objective for the company in a research note on Friday, December 13th. Finally, DA Davidson reiterated a “buy” rating and issued a $16.00 price objective on shares of Amplitude in a research note on Tuesday, March 11th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Amplitude Trading Up 1.3 %

Shares of AMPL opened at $11.79 on Friday. Amplitude has a 1-year low of $7.37 and a 1-year high of $14.88. The firm’s 50-day moving average price is $11.98 and its 200-day moving average price is $10.56. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of -15.31 and a beta of 1.35.

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

Insiders Place Their Bets

In related news, Director Eric Vishria sold 35,000 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $12.80, for a total value of $448,000.00. Following the sale, the director now owns 286,859 shares of the company’s stock, valued at $3,671,795.20. The trade was a 10.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Barclays PLC raised its position in Amplitude by 371.7% in the third quarter. Barclays PLC now owns 128,537 shares of the company’s stock worth $1,153,000 after acquiring an additional 101,289 shares during the period. M&T Bank Corp lifted its position in shares of Amplitude by 86.8% in the third quarter. M&T Bank Corp now owns 156,688 shares of the company’s stock worth $1,405,000 after buying an additional 72,806 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Amplitude by 38.9% in the third quarter. JPMorgan Chase & Co. now owns 84,050 shares of the company’s stock worth $754,000 after buying an additional 23,526 shares in the last quarter. Walleye Capital LLC purchased a new stake in shares of Amplitude in the third quarter worth about $726,000. Finally, Kera Capital Partners Inc. purchased a new stake in shares of Amplitude in the fourth quarter worth about $1,498,000. 73.20% of the stock is owned by hedge funds and other 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.