UBS Group Issues Pessimistic Forecast for Amplitude (NASDAQ:AMPL) Stock Price

Amplitude (NASDAQ:AMPL) had its price target cut by UBS Group from $13.00 to $11.00 in a research report report published on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts have also recently commented on the company. Baird R W upgraded Amplitude from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 20th. Citigroup increased their price objective on Amplitude from $11.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. Scotiabank cut their target price on shares of Amplitude from $12.00 to $10.00 and set a “sector perform” rating for the company in a research note on Thursday, April 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price target on shares of Amplitude in a research note on Thursday. Finally, Piper Sandler boosted their price objective on shares of Amplitude from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Amplitude has an average rating of “Moderate Buy” and a consensus target price of $13.60.

Amplitude Stock Up 1.3 %

Shares of AMPL stock opened at $10.64 on Thursday. Amplitude has a fifty-two week low of $7.37 and a fifty-two week high of $14.88. The business has a fifty day simple moving average of $10.08 and a 200-day simple moving average of $10.74. The stock has a market cap of $1.05 billion, a P/E ratio of -13.82 and a beta of 1.40.

Amplitude (NASDAQ:AMPL) last announced its earnings results on Wednesday, May 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 EPS. On average, sell-side analysts anticipate that Amplitude will post -0.62 earnings per share for the current year.

Insider Activity at Amplitude

In other Amplitude news, Director Eric Vishria sold 35,000 shares of Amplitude 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 transaction, the director now owns 286,859 shares in the company, valued at $3,671,795.20. This trade represents a 10.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 23.83% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AMPL. Vanguard Group Inc. increased its stake in Amplitude by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 9,189,698 shares of the company’s stock worth $96,951,000 after acquiring an additional 447,277 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in Amplitude by 9.4% during the 4th 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 in the last quarter. Sunriver Management LLC raised its holdings 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 buying an additional 737,600 shares during the period. Baillie Gifford & Co. acquired a new position in Amplitude during the first quarter valued at approximately $20,292,000. Finally, Geode Capital Management LLC grew its stake in Amplitude by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,955,564 shares of the company’s stock worth $20,636,000 after buying an additional 52,033 shares during the period. 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.