Morgan Stanley Issues Positive Forecast for Amplitude (NASDAQ:AMPL) Stock Price

Amplitude (NASDAQ:AMPL) had its target price increased by Morgan Stanley from $11.00 to $13.00 in a report released on Thursday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

AMPL has been the subject of several other research reports. Bank of America upped their price objective on shares of Amplitude from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday. KeyCorp upgraded Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price target for the company in a research report on Friday, December 13th. DA Davidson upgraded Amplitude from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $12.50 to $16.00 in a research report on Thursday. Robert W. Baird upgraded Amplitude from a “neutral” rating to an “outperform” rating and upped their target price for the company from $12.00 to $17.00 in a report on Thursday. Finally, Piper Sandler raised their target price on Amplitude from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.67.

Amplitude Stock Up 21.9 %

Shares of NASDAQ AMPL opened at $14.44 on Thursday. Amplitude has a 52 week low of $7.37 and a 52 week high of $14.88. The business’s 50 day moving average price is $11.46 and its 200 day moving average price is $10.03. The firm has a market cap of $1.37 billion, a P/E ratio of -21.55 and a beta of 1.37.

Amplitude (NASDAQ:AMPL) last issued its quarterly earnings data on Wednesday, February 19th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.27). The company had revenue of $78.13 million during the quarter, compared to analyst estimates of $76.68 million. Amplitude had a negative net margin of 27.44% and a negative return on equity of 27.40%. As a group, research analysts expect that Amplitude will post -0.67 earnings per share for the current year.

Insider Buying and Selling at Amplitude

In related news, Director Eric Vishria sold 3,563 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $12.00, for a total transaction of $42,756.00. Following the completion of the sale, the director now directly owns 276,208 shares of the company’s stock, valued at approximately $3,314,496. This trade represents a 1.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AMPL. Creative Planning raised its stake in shares of Amplitude by 152.4% in the 3rd quarter. Creative Planning now owns 26,166 shares of the company’s stock valued at $235,000 after acquiring an additional 15,800 shares during the period. Blue Trust Inc. lifted its stake in Amplitude by 13.5% during the third quarter. Blue Trust Inc. now owns 19,518 shares of the company’s stock worth $174,000 after purchasing an additional 2,324 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Amplitude by 418.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 66,592 shares of the company’s stock worth $597,000 after purchasing an additional 53,741 shares in the last quarter. Horrell Capital Management Inc. purchased a new position in shares of Amplitude during the third quarter worth $1,597,000. Finally, MQS Management LLC grew its stake in shares of Amplitude by 38.2% in the third quarter. MQS Management LLC now owns 25,729 shares of the company’s stock valued at $231,000 after buying an additional 7,112 shares in the last quarter. Hedge funds and other institutional investors own 73.20% of the company’s stock.

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.