Inspire Investing LLC Grows Position in Amplitude, Inc. (NASDAQ:AMPL)

Inspire Investing LLC boosted its stake in Amplitude, Inc. (NASDAQ:AMPL) by 20.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,624 shares of the company’s stock after buying an additional 6,743 shares during the period. Inspire Investing LLC’s holdings in Amplitude were worth $353,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AMPL. Headlands Technologies LLC acquired a new stake in shares of Amplitude during the first quarter valued at about $32,000. Quest Partners LLC acquired a new stake in Amplitude in the 2nd quarter valued at approximately $41,000. Russell Investments Group Ltd. acquired a new stake in Amplitude in the 1st quarter valued at approximately $45,000. Principal Financial Group Inc. purchased a new stake in Amplitude in the second quarter valued at approximately $92,000. Finally, ANTIPODES PARTNERS Ltd acquired a new position in Amplitude during the first quarter worth $95,000. Institutional investors and hedge funds own 73.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AMPL. UBS Group dropped their price objective on Amplitude from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Piper Sandler cut their price target on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. Finally, Robert W. Baird lowered their price objective on shares of Amplitude from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, Amplitude presently has an average rating of “Hold” and an average target price of $10.33.

Amplitude Stock Performance

NASDAQ AMPL opened at $9.05 on Monday. Amplitude, Inc. has a twelve month low of $7.37 and a twelve month high of $14.42. The business’s 50-day moving average price is $8.51 and its 200 day moving average price is $9.23. The company has a market capitalization of $1.10 billion, a PE ratio of -12.40 and a beta of 1.32.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.18). Amplitude had a negative return on equity of 27.58% and a negative net margin of 28.19%. The business had revenue of $73.30 million during the quarter, compared to analyst estimates of $71.98 million. During the same period in the previous year, the company earned ($0.17) EPS. Amplitude’s revenue was up 8.2% on a year-over-year basis. Equities analysts predict that Amplitude, Inc. will post -0.64 EPS for the current 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.