FY2024 Earnings Estimate for Amplitude Issued By DA Davidson

Amplitude, Inc. (NASDAQ:AMPL) – Analysts at DA Davidson cut their FY2024 earnings estimates for Amplitude in a research report issued to clients and investors on Monday, November 11th. DA Davidson analyst G. Luria now expects that the company will earn ($0.67) per share for the year, down from their previous estimate of ($0.64). The consensus estimate for Amplitude’s current full-year earnings is ($0.66) per share. DA Davidson also issued estimates for Amplitude’s Q4 2024 earnings at ($0.18) EPS.

Several other analysts also recently commented on AMPL. Scotiabank increased their price objective on Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. UBS Group lowered their price target on Amplitude from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Robert W. Baird lifted their price objective on shares of Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Piper Sandler upped their target price on shares of Amplitude from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $11.00.

Amplitude Price Performance

AMPL opened at $10.25 on Wednesday. Amplitude has a fifty-two week low of $7.37 and a fifty-two week high of $14.42. The firm has a market capitalization of $969.55 million, a PE ratio of -15.30 and a beta of 1.31. The company’s 50-day moving average is $9.03 and its 200 day moving average is $8.84.

Institutional Investors Weigh In On Amplitude

Several large investors have recently made changes to their positions in AMPL. Headlands Technologies LLC bought a new position in Amplitude during the first quarter valued at about $32,000. Quest Partners LLC purchased a new stake in shares of Amplitude during the 2nd quarter worth approximately $41,000. Russell Investments Group Ltd. purchased a new stake in shares of Amplitude during the 1st quarter worth approximately $45,000. Principal Financial Group Inc. bought a new stake in shares of Amplitude in the 2nd quarter worth approximately $92,000. Finally, MQS Management LLC purchased a new position in Amplitude in the first quarter valued at approximately $120,000. 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.