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

Shares of Amplitude, Inc. (NASDAQ:AMPL) have been given an average rating of “Moderate Buy” by the eleven ratings firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $15.00.

AMPL has been the topic of several research reports. UBS Group increased their target price on Amplitude from $10.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. DA Davidson reiterated a “buy” rating and set a $16.00 target price on shares of Amplitude in a report on Tuesday, March 11th. Citigroup lifted their target price on Amplitude from $11.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Piper Sandler upped their price target on Amplitude from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 target price on shares of Amplitude in a report on Tuesday, March 11th.

Amplitude Stock Performance

Shares of Amplitude stock opened at $10.92 on Friday. Amplitude has a fifty-two week low of $7.37 and a fifty-two week high of $14.88. The stock has a 50 day moving average of $12.09 and a 200 day moving average of $10.66. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of -14.18 and a beta of 1.35.

Amplitude (NASDAQ:AMPL) last announced its earnings results on Wednesday, February 19th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.27). The company had revenue of $78.13 million for the quarter, compared to analysts’ expectations of $76.68 million. Amplitude had a negative return on equity of 32.24% and a negative net margin of 31.52%. Analysts forecast that Amplitude will post -0.62 EPS for the current year.

Insiders Place Their Bets

In other news, Director Eric Vishria sold 35,000 shares of Amplitude stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $12.80, for a total transaction of $448,000.00. Following the completion of the sale, the director now directly owns 286,859 shares in the company, valued at approximately $3,671,795.20. This trade represents a 10.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.80% of the stock is owned by insiders.

Institutional Trading of Amplitude

Several hedge funds and other institutional investors have recently bought and sold shares of AMPL. Vanguard Group Inc. boosted its stake in Amplitude by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 9,189,698 shares of the company’s stock worth $96,951,000 after buying an additional 447,277 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Amplitude by 9.4% in 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 acquiring an additional 770,227 shares during the last quarter. FMR LLC grew its holdings in Amplitude by 0.8% in the third quarter. FMR LLC now owns 8,056,003 shares of the company’s stock valued at $72,262,000 after purchasing an additional 64,574 shares during the period. Sunriver Management LLC increased its position in Amplitude by 24.3% during the fourth quarter. Sunriver Management LLC now owns 3,772,808 shares of the company’s stock worth $39,803,000 after purchasing an additional 737,600 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Amplitude by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,955,564 shares of the company’s stock valued at $20,636,000 after purchasing an additional 52,033 shares during the last quarter. 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.