Amplitude, Inc. (NASDAQ:AMPL) Receives $14.20 Average Price Target from Analysts

Shares of Amplitude, Inc. (NASDAQ:AMPL) have been given a consensus rating of “Moderate Buy” by the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $14.20.

AMPL has been the topic of several research analyst reports. DA Davidson restated a “buy” rating and set a $16.00 target price on shares of Amplitude in a research note on Monday, September 29th. Wall Street Zen downgraded Amplitude from a “buy” rating to a “hold” rating in a research note on Sunday, July 20th. Needham & Company LLC boosted their target price on Amplitude from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Amplitude in a research note on Wednesday, October 8th. Finally, Piper Sandler boosted their target price on Amplitude from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th.

Amplitude Trading Down 5.0%

Shares of NASDAQ:AMPL opened at $9.60 on Tuesday. Amplitude has a 12-month low of $7.55 and a 12-month high of $14.88. The business’s fifty day simple moving average is $11.06 and its 200-day simple moving average is $11.21. The company has a market capitalization of $980.26 million, a PE ratio of -12.63 and a beta of 1.52.

Amplitude (NASDAQ:AMPL) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. Amplitude had a negative return on equity of 33.08% and a negative net margin of 30.43%.The business had revenue of $83.27 million for the quarter, compared to the consensus estimate of $81.29 million. Amplitude’s quarterly revenue was up 13.6% compared to the same quarter last year. Research analysts predict that Amplitude will post -0.62 EPS for the current year.

Insiders Place Their Bets

In other Amplitude news, Director Erica Schultz sold 10,000 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $11.06, for a total transaction of $110,600.00. Following the sale, the director owned 107,406 shares in the company, valued at approximately $1,187,910.36. The trade was a 8.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 23.83% of the company’s stock.

Institutional Trading of Amplitude

Large investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. grew its stake in Amplitude by 57.8% during the 2nd quarter. Osaic Holdings Inc. now owns 5,132 shares of the company’s stock valued at $64,000 after purchasing an additional 1,879 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Amplitude by 33.3% during the 1st quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company’s stock valued at $59,000 after purchasing an additional 1,455 shares during the last quarter. GAMMA Investing LLC grew its stake in Amplitude by 45,828.6% during the 1st quarter. GAMMA Investing LLC now owns 6,430 shares of the company’s stock valued at $631,000 after purchasing an additional 6,416 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Amplitude by 86.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,477 shares of the company’s stock valued at $130,000 after purchasing an additional 4,858 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Amplitude during the 1st quarter valued at about $107,000. Hedge funds and other institutional investors 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.