Amplitude, Inc. (NASDAQ:AMPL) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Amplitude, Inc. (NASDAQ:AMPL) have earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $15.00.

Several equities research analysts have recently weighed in on the company. KeyCorp raised Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 target price for the company in a research report on Friday, December 13th. Needham & Company LLC assumed coverage on Amplitude in a research report on Monday, March 3rd. They issued a “buy” rating and a $16.00 target price for the company. Citigroup upped their target price on Amplitude from $11.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Piper Sandler upped their target price on Amplitude from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Finally, Scotiabank upped their target price on Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th.

Amplitude Price Performance

Shares of NASDAQ:AMPL opened at $12.59 on Monday. The firm has a market capitalization of $1.63 billion, a PE ratio of -16.35 and a beta of 1.35. The business has a 50-day moving average of $11.74 and a two-hundred day moving average of $10.34. Amplitude has a 12 month low of $7.37 and a 12 month high of $14.88.

Amplitude (NASDAQ:AMPL) last announced its quarterly earnings results on Wednesday, February 19th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.27). Amplitude had a negative return on equity of 32.24% and a negative net margin of 31.52%. The firm had revenue of $78.13 million for the quarter, compared to analyst estimates of $76.68 million. As a group, research analysts anticipate that Amplitude will post -0.62 earnings per share for the current year.

Insider Buying and Selling at Amplitude

In other Amplitude news, Director Eric Vishria sold 3,563 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $12.00, for a total transaction of $42,756.00. Following the sale, the director now owns 276,208 shares in the company, valued at $3,314,496. This represents a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 45,000 shares of company stock worth $568,129 over the last quarter. 4.80% of the stock is owned by corporate insiders.

Institutional Trading of Amplitude

Several institutional investors and hedge funds have recently bought and sold shares of AMPL. Headlands Technologies LLC acquired a new stake in Amplitude during the fourth quarter valued at approximately $38,000. Aquatic Capital Management LLC raised its position in shares of Amplitude by 176.5% during the 4th quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company’s stock worth $44,000 after purchasing an additional 2,647 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Amplitude by 255.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company’s stock worth $75,000 after purchasing an additional 5,100 shares during the period. Summit Investment Advisors Inc. raised its position in shares of Amplitude by 22.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company’s stock worth $86,000 after purchasing an additional 1,492 shares during the period. Finally, Meros Investment Management LP acquired a new stake in shares of Amplitude during the 4th quarter worth approximately $102,000. 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.