Amplitude, Inc. (NASDAQ:AMPL) Shares Bought by MQS Management LLC

MQS Management LLC increased its stake in shares of Amplitude, Inc. (NASDAQ:AMPL) by 69.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,617 shares of the company’s stock after buying an additional 7,625 shares during the quarter. MQS Management LLC’s holdings in Amplitude were worth $166,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AMPL. Vanguard Group Inc. grew its stake in shares of Amplitude by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 7,843,411 shares of the company’s stock valued at $99,768,000 after purchasing an additional 105,616 shares during the last quarter. Sunriver Management LLC lifted its holdings in shares of Amplitude by 28.2% during the fourth quarter. Sunriver Management LLC now owns 2,242,883 shares of the company’s stock worth $28,529,000 after purchasing an additional 493,046 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Amplitude by 918.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 194,010 shares of the company’s stock valued at $2,111,000 after buying an additional 174,967 shares during the last quarter. Bessemer Group Inc. acquired a new position in Amplitude in the 1st quarter valued at $177,000. Finally, Inspire Investing LLC purchased a new position in Amplitude during the 1st quarter worth $358,000. Institutional investors and hedge funds own 73.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AMPL shares. Piper Sandler lowered their target price on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. Robert W. Baird lowered their price objective on Amplitude from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, UBS Group dropped their target price on Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, Amplitude currently has a consensus rating of “Hold” and an average price target of $10.33.

Amplitude Stock Performance

AMPL stock opened at $9.05 on Friday. Amplitude, Inc. has a 52 week low of $7.37 and a 52 week high of $14.42. The company has a market cap of $1.10 billion, a P/E ratio of -12.40 and a beta of 1.32. The company’s 50-day moving average price is $8.51 and its 200 day moving average price is $9.24.

Amplitude (NASDAQ:AMPL) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.18). Amplitude had a negative return on equity of 27.58% and a negative net margin of 28.19%. The firm had revenue of $73.30 million for the quarter, compared to analysts’ expectations of $71.98 million. During the same period last year, the firm earned ($0.17) EPS. Amplitude’s revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts expect that Amplitude, Inc. will post -0.64 earnings per share for the current year.

Amplitude 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.