Amplitude, Inc. (NASDAQ:AMPL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Amplitude, Inc. (NASDAQ:AMPL) has earned an average rating of “Moderate Buy” from the eleven research firms that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $15.00.

A number of equities research analysts recently weighed in on the company. Bank of America raised their price objective on Amplitude from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Piper Sandler increased their target price on shares of Amplitude from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. DA Davidson restated a “buy” rating and issued a $16.00 target price on shares of Amplitude in a research note on Tuesday, March 11th. Baird R W raised Amplitude from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 20th. Finally, Morgan Stanley upped their target price on Amplitude from $11.00 to $13.00 and gave the company an “equal weight” rating in a research report on Thursday, February 20th.

Insider Buying and Selling

In other Amplitude news, Director Eric Vishria sold 35,000 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $12.80, for a total transaction of $448,000.00. Following the transaction, the director now directly owns 286,859 shares of the company’s stock, valued at $3,671,795.20. This trade represents a 10.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amplitude

Several large investors have recently bought and sold shares of AMPL. Headlands Technologies LLC acquired a new stake in Amplitude during the 4th quarter worth $38,000. Aquatic Capital Management LLC lifted its stake 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 purchasing an additional 2,647 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Amplitude by 255.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company’s stock worth $75,000 after purchasing an additional 5,100 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in Amplitude by 22.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company’s stock worth $86,000 after buying an additional 1,492 shares in the last quarter. Finally, Meros Investment Management LP acquired a new position in Amplitude during the fourth quarter worth $102,000. 73.20% of the stock is currently owned by hedge funds and other institutional investors.

Amplitude Price Performance

Shares of AMPL stock opened at $10.92 on Friday. The company has a market capitalization of $1.41 billion, a P/E ratio of -14.18 and a beta of 1.35. The company’s 50-day simple moving average is $12.09 and its two-hundred day simple moving average is $10.66. Amplitude has a one year low of $7.37 and a one year high of $14.88.

Amplitude (NASDAQ:AMPL) last issued its earnings results on Wednesday, February 19th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.27). The firm had revenue of $78.13 million during 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, research analysts expect that Amplitude will post -0.62 EPS for the current fiscal year.

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.