Amplitude (NASDAQ:AMPL) Upgraded at Baird R W

Baird R W upgraded shares of Amplitude (NASDAQ:AMPL) from a hold rating to a strong-buy rating in a research note released on Thursday morning,Zacks.com reports.

AMPL has been the topic of several other research reports. Scotiabank lifted their price target on shares of Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. KeyCorp raised shares of Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 target price on the stock in a report on Friday, December 13th. Bank of America boosted 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. DA Davidson raised shares of Amplitude from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $12.50 to $16.00 in a report on Thursday. Finally, Morgan Stanley boosted their target price on shares of Amplitude from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.88.

Amplitude Price Performance

Shares of NASDAQ:AMPL opened at $13.40 on Thursday. Amplitude has a 1-year low of $7.37 and a 1-year high of $14.88. The company has a market capitalization of $1.27 billion, a P/E ratio of -17.40 and a beta of 1.37. The firm’s 50 day simple moving average is $11.49 and its two-hundred day simple moving average is $10.08.

Amplitude (NASDAQ:AMPL) last issued its quarterly 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). Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.45%. The firm had revenue of $78.13 million for the quarter, compared to analysts’ expectations of $76.68 million. On average, sell-side analysts anticipate that Amplitude will post -0.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Eric Vishria sold 3,563 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $12.00, for a total value of $42,756.00. Following the sale, the director now owns 276,208 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. 4.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amplitude

Several large investors have recently bought and sold shares of AMPL. Headlands Technologies LLC bought a new stake in Amplitude in the fourth quarter worth $38,000. Aquatic Capital Management LLC increased its position in Amplitude by 176.5% in the fourth quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company’s stock worth $44,000 after purchasing an additional 2,647 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Amplitude by 255.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company’s stock worth $75,000 after purchasing an additional 5,100 shares during the last quarter. Summit Investment Advisors Inc. increased its position in Amplitude by 22.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company’s stock valued at $86,000 after acquiring an additional 1,492 shares during the last quarter. Finally, Meros Investment Management LP bought a new position in Amplitude during the fourth quarter valued at $102,000. Institutional investors own 73.20% of the company’s stock.

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.