Amplitude, Inc. (NASDAQ:AMPL) Receives Average Rating of “Reduce” from Analysts

Amplitude, Inc. (NASDAQ:AMPL) has been assigned an average rating of “Reduce” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $11.20.

A number of brokerages have weighed in on AMPL. Morgan Stanley decreased their target price on Amplitude from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Friday, May 10th. KeyCorp assumed coverage on Amplitude in a research note on Thursday, March 21st. They issued a “sector weight” rating on the stock. Finally, UBS Group cut their price objective on Amplitude from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Friday, May 10th.

Insider Transactions at Amplitude

In related news, Director Catherine Wong sold 3,515 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $9.16, for a total transaction of $32,197.40. Following the completion of the sale, the director now directly owns 82,820 shares in the company, valued at approximately $758,631.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 28.71% of the company’s stock.

Institutional Investors Weigh In On Amplitude

Several institutional investors have recently bought and sold shares of the stock. Swiss National Bank raised its position in Amplitude by 3.6% during the 3rd quarter. Swiss National Bank now owns 122,900 shares of the company’s stock valued at $1,422,000 after purchasing an additional 4,300 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Amplitude by 11.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 531,856 shares of the company’s stock worth $6,154,000 after acquiring an additional 55,979 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of Amplitude in the 3rd quarter worth approximately $877,000. FMR LLC raised its position in shares of Amplitude by 15.1% in the 3rd quarter. FMR LLC now owns 2,949,218 shares of the company’s stock worth $34,122,000 after acquiring an additional 386,413 shares in the last quarter. Finally, Trexquant Investment LP raised its position in shares of Amplitude by 136.6% in the 3rd quarter. Trexquant Investment LP now owns 135,005 shares of the company’s stock worth $1,562,000 after acquiring an additional 77,948 shares in the last quarter. 73.20% of the stock is currently owned by hedge funds and other institutional investors.

Amplitude Price Performance

Shares of NASDAQ AMPL opened at $8.58 on Wednesday. The firm has a market capitalization of $1.05 billion, a P/E ratio of -11.75 and a beta of 1.31. The stock’s 50-day simple moving average is $9.10 and its two-hundred day simple moving average is $10.96. Amplitude has a twelve month low of $8.12 and a twelve month high of $14.42.

Amplitude (NASDAQ:AMPL) last announced its earnings results on Thursday, May 9th. The company reported ($0.18) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.18). The business had revenue of $72.62 million for the quarter, compared to analyst estimates of $72.25 million. Amplitude had a negative return on equity of 26.15% and a negative net margin of 30.28%. As a group, research analysts anticipate that Amplitude will post -0.61 EPS for the current fiscal 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.