Amplitude (NASDAQ:AMPL) Now Covered by Analysts at Needham & Company LLC

Needham & Company LLC initiated coverage on shares of Amplitude (NASDAQ:AMPL) in a report released on Monday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $16.00 target price on the stock.

A number of other equities research analysts also recently commented on AMPL. DA Davidson raised Amplitude from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $12.50 to $16.00 in a report on Thursday, February 20th. Morgan Stanley lifted their price objective on shares of Amplitude from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Thursday, February 20th. Scotiabank upped their price objective 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. Piper Sandler raised their target price on shares of Amplitude from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Finally, UBS Group upped their price target on shares of Amplitude from $10.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Amplitude Trading Down 2.5 %

NASDAQ:AMPL opened at $12.27 on Monday. Amplitude has a twelve month low of $7.37 and a twelve month high of $14.88. The company has a market cap of $1.59 billion, a PE ratio of -15.94 and a beta of 1.37. The company’s 50 day moving average is $11.65 and its two-hundred day moving average is $10.28.

Amplitude (NASDAQ:AMPL) last announced its quarterly earnings data on Wednesday, February 19th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.27). The company had revenue of $78.13 million for the quarter, compared to analysts’ expectations of $76.68 million. Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. As a group, analysts expect that Amplitude will post -0.62 EPS for the current fiscal year.

Insider Transactions at Amplitude

In related news, Director Eric Vishria sold 35,000 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $12.80, for a total value of $448,000.00. Following the completion of the transaction, the director now owns 286,859 shares of the company’s stock, valued at approximately $3,671,795.20. This represents a 10.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 45,000 shares of company stock valued at $568,129 in the last ninety days. 4.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Amplitude

Institutional investors and hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC purchased a new position in shares of Amplitude during the 4th quarter valued at approximately $38,000. Aquatic Capital Management LLC lifted its holdings in Amplitude by 176.5% during the fourth quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company’s stock valued at $44,000 after purchasing an additional 2,647 shares in the last quarter. Canada Pension Plan Investment Board grew its position in shares of Amplitude by 255.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company’s stock valued at $75,000 after purchasing an additional 5,100 shares during the period. Summit Investment Advisors Inc. grew its position in shares of Amplitude by 22.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company’s stock valued at $86,000 after purchasing an additional 1,492 shares during the period. Finally, Meros Investment Management LP purchased a new stake in shares of Amplitude during the fourth quarter worth about $102,000. 73.20% of the stock is currently owned by hedge funds and other institutional investors.

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.