Amplitude (NASDAQ:AMPL) Price Target Raised to $15.00 at Citigroup

Amplitude (NASDAQ:AMPL) had its price target increased by Citigroup from $11.00 to $15.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also weighed in on the company. UBS Group boosted their price objective on Amplitude from $10.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Scotiabank increased their price target on shares of Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Bank of America raised their price target on shares of Amplitude from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Morgan Stanley lifted their price target on shares of Amplitude from $11.00 to $13.00 and gave the company an “equal weight” rating in a research report on Thursday, February 20th. Finally, Robert W. Baird raised shares of Amplitude from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $12.00 to $17.00 in a research report on Thursday, February 20th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $14.89.

Amplitude Stock Down 4.6 %

Shares of NASDAQ AMPL opened at $12.80 on Monday. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of -16.62 and a beta of 1.37. Amplitude has a 52 week low of $7.37 and a 52 week high of $14.88. The firm has a 50-day simple moving average of $11.51 and a 200-day simple moving average of $10.13.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings data on Wednesday, February 19th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.27). The business had revenue of $78.13 million during the quarter, compared to analyst estimates of $76.68 million. Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.45%. As a group, equities research analysts expect that Amplitude will post -0.61 EPS for the current year.

Insider Activity at Amplitude

In other news, Director Eric Vishria sold 6,437 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $12.02, for a total value of $77,372.74. Following the completion of the transaction, the director now owns 279,771 shares in the company, valued at approximately $3,362,847.42. This represents a 2.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 4.80% of the stock is owned by corporate insiders.

Institutional Trading of Amplitude

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC grew its position in Amplitude by 371.7% during the 3rd quarter. Barclays PLC now owns 128,537 shares of the company’s stock worth $1,153,000 after purchasing an additional 101,289 shares during the last quarter. M&T Bank Corp raised its holdings in shares of Amplitude by 86.8% in the third quarter. M&T Bank Corp now owns 156,688 shares of the company’s stock worth $1,405,000 after acquiring an additional 72,806 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Amplitude by 38.9% during the third quarter. JPMorgan Chase & Co. now owns 84,050 shares of the company’s stock valued at $754,000 after buying an additional 23,526 shares during the period. Walleye Capital LLC acquired a new position in shares of Amplitude in the 3rd quarter valued at $726,000. Finally, Kera Capital Partners Inc. acquired a new stake in shares of Amplitude in the fourth quarter worth $1,498,000. Institutional investors and hedge funds 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.