FY2024 Earnings Estimate for Amplitude Issued By DA Davidson

Amplitude, Inc. (NASDAQ:AMPL) – Equities research analysts at DA Davidson issued their FY2024 EPS estimates for shares of Amplitude in a research report issued to clients and investors on Monday, February 10th. DA Davidson analyst C. Wright expects that the company will post earnings of ($0.68) per share for the year. DA Davidson has a “Hold” rating on the stock. The consensus estimate for Amplitude’s current full-year earnings is ($0.67) per share. DA Davidson also issued estimates for Amplitude’s Q4 2024 earnings at ($0.21) EPS and FY2025 earnings at ($0.59) EPS.

AMPL has been the subject of a number of other research reports. KeyCorp upgraded Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 target price for the company in a report on Friday, December 13th. Robert W. Baird upped their target price on Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Piper Sandler raised Amplitude from a “neutral” rating to an “overweight” rating and upped their target price for the company from $11.00 to $15.00 in a research report on Monday, January 6th. Scotiabank upped their price target on Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. Finally, Morgan Stanley raised Amplitude from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $10.00 to $11.00 in a research report on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Amplitude currently has a consensus rating of “Hold” and an average target price of $12.43.

Amplitude Price Performance

AMPL opened at $12.46 on Thursday. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -18.60 and a beta of 1.37. The business has a 50-day moving average of $11.34 and a two-hundred day moving average of $9.89. Amplitude has a 12 month low of $7.37 and a 12 month high of $14.40.

Insider Activity at Amplitude

In other news, Director Eric Vishria sold 3,563 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $12.00, for a total transaction of $42,756.00. Following the completion of the sale, the director now directly owns 276,208 shares of the company’s stock, valued at $3,314,496. This represents a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Amplitude

Several hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC purchased a new stake in shares of Amplitude during the 4th quarter worth about $38,000. Canada Pension Plan Investment Board increased its position in Amplitude by 255.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company’s stock worth $75,000 after buying an additional 5,100 shares during the period. Ameritas Investment Partners Inc. increased its position in Amplitude by 22.3% in the 4th quarter. Ameritas Investment Partners Inc. now owns 8,172 shares of the company’s stock worth $86,000 after buying an additional 1,492 shares during the period. Intech Investment Management LLC bought a new position in Amplitude in the 3rd quarter worth approximately $128,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Amplitude during the fourth quarter valued at approximately $171,000. 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.