Amplitude’s (AMPL) “Buy” Rating Reaffirmed at DA Davidson

DA Davidson reaffirmed their buy rating on shares of Amplitude (NASDAQ:AMPL) in a report issued on Tuesday morning,Benzinga reports. They currently have a $16.00 price objective on the stock.

A number of other analysts have also recently commented on the company. Citigroup lifted their price objective on Amplitude from $11.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. KeyCorp upgraded Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price target for the company in a report on Friday, December 13th. Baird R W upgraded Amplitude from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 20th. Morgan Stanley lifted their price target on Amplitude from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Thursday, February 20th. Finally, UBS Group lifted their price target on Amplitude from $10.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Amplitude currently has an average rating of “Moderate Buy” and an average price target of $15.00.

Amplitude Trading Up 0.1 %

Amplitude stock opened at $12.01 on Tuesday. The stock has a market cap of $1.55 billion, a PE ratio of -15.60 and a beta of 1.35. The stock has a 50-day moving average price of $11.83 and a 200 day moving average price of $10.44. Amplitude has a 52 week low of $7.37 and a 52 week high of $14.88.

Amplitude (NASDAQ:AMPL) last posted 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 company had revenue of $78.13 million for the quarter, compared to analysts’ expectations of $76.68 million. Amplitude had a negative return on equity of 32.24% and a negative net margin of 31.52%. On average, equities analysts predict that Amplitude will post -0.62 EPS for the current year.

Insider Activity

In other news, Director Eric Vishria sold 3,563 shares of Amplitude stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $12.00, for a total value of $42,756.00. Following the transaction, the director now directly owns 276,208 shares of the company’s stock, valued at $3,314,496. The trade was a 1.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold 45,000 shares of company stock valued at $568,129 in the last three months. Corporate insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Amplitude

Several hedge funds and other institutional investors have recently modified their holdings of AMPL. Headlands Technologies LLC purchased a new position in Amplitude in the 4th quarter worth approximately $38,000. Aquatic Capital Management LLC boosted its holdings in Amplitude by 176.5% in the 4th quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company’s stock worth $44,000 after acquiring an additional 2,647 shares during the period. Canada Pension Plan Investment Board boosted its holdings 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 acquiring an additional 5,100 shares during the period. Summit Investment Advisors Inc. boosted its holdings in Amplitude by 22.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company’s stock worth $86,000 after acquiring an additional 1,492 shares during the period. Finally, Meros Investment Management LP purchased a new position in Amplitude in the 4th quarter worth approximately $102,000. 73.20% of the stock is owned by institutional investors and hedge funds.

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.