Amplitude, Inc. (NASDAQ:AMPL) Shares Bought by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in shares of Amplitude, Inc. (NASDAQ:AMPL) by 14.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,237 shares of the company’s stock after buying an additional 13,099 shares during the period. Rhumbline Advisers owned approximately 0.08% of Amplitude worth $919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in Amplitude during the 1st quarter valued at about $32,000. Russell Investments Group Ltd. acquired a new position in shares of Amplitude in the first quarter valued at about $45,000. ANTIPODES PARTNERS Ltd acquired a new position in shares of Amplitude in the first quarter valued at about $95,000. Principal Financial Group Inc. acquired a new position in shares of Amplitude in the second quarter valued at about $92,000. Finally, MQS Management LLC acquired a new position in shares of Amplitude in the first quarter valued at about $120,000. 73.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AMPL. Piper Sandler cut their price objective on Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. UBS Group cut their price objective on Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, Robert W. Baird cut 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. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.33.

Amplitude Stock Down 3.5 %

Amplitude stock opened at $8.73 on Tuesday. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -11.96 and a beta of 1.32. Amplitude, Inc. has a 52 week low of $7.37 and a 52 week high of $14.42. The business’s 50-day moving average price is $8.53 and its 200 day moving average price is $9.19.

Amplitude (NASDAQ:AMPL) last posted its 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). The company had revenue of $73.30 million for the quarter, compared to analyst estimates of $71.98 million. Amplitude had a negative return on equity of 27.58% and a negative net margin of 28.19%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the business earned ($0.17) earnings per share. Equities analysts expect that Amplitude, Inc. will post -0.64 EPS for the current year.

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.