Amplitude (NASDAQ:AMPL) Price Target Cut to $10.00 by Analysts at Robert W. Baird

Amplitude (NASDAQ:AMPL) had its price target lowered by Robert W. Baird from $12.00 to $10.00 in a report published on Friday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

AMPL has been the topic of a number of other research reports. UBS Group cut their price target on shares of Amplitude from $13.00 to $11.00 and set a neutral rating on the stock in a research note on Friday, May 10th. Morgan Stanley cut their target price on Amplitude from $10.00 to $9.00 and set an underweight rating on the stock in a research report on Friday, May 10th. Finally, Piper Sandler lowered their price target on Amplitude from $11.00 to $9.00 and set a neutral rating for the company in a research report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $10.33.

Amplitude Stock Up 0.6 %

Shares of NASDAQ:AMPL opened at $8.00 on Friday. The business has a fifty day simple moving average of $8.36 and a 200-day simple moving average of $10.06. Amplitude has a 52 week low of $7.37 and a 52 week high of $14.42. The company has a market cap of $974.73 million, a P/E ratio of -10.96 and a beta of 1.31.

Amplitude (NASDAQ:AMPL) last posted 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). The business had revenue of $73.30 million during the quarter, compared to analysts’ expectations of $71.98 million. Amplitude had a negative net margin of 30.28% and a negative return on equity of 26.15%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.17) EPS. Sell-side analysts expect that Amplitude will post -0.62 earnings per share for the current fiscal year.

Insider Activity at Amplitude

In related news, Director Catherine Wong sold 3,515 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $9.16, for a total value 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 legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 28.71% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC acquired a new stake in shares of Amplitude in the first quarter valued at about $32,000. Quest Partners LLC acquired a new stake in shares of Amplitude during the second quarter valued at about $41,000. Russell Investments Group Ltd. acquired a new stake in shares of Amplitude during the first quarter valued at about $45,000. Principal Financial Group Inc. purchased a new stake in shares of Amplitude during the second quarter worth about $92,000. Finally, ANTIPODES PARTNERS Ltd acquired a new position in shares of Amplitude in the first quarter worth about $95,000. Institutional investors and hedge funds own 73.20% of the company’s stock.

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.