Amplitude, Inc. (NASDAQ:AMPL) Receives $11.50 Average Target Price from Analysts

Shares of Amplitude, Inc. (NASDAQ:AMPL) have been given a consensus recommendation of “Reduce” by the six analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $11.50.

Several research firms have weighed in on AMPL. KeyCorp initiated coverage on Amplitude in a research note on Thursday, March 21st. They set a “sector weight” rating on the stock. Citigroup reduced their price target on shares of Amplitude from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, February 21st. Piper Sandler reaffirmed a “neutral” rating and issued a $11.00 price objective on shares of Amplitude in a report on Wednesday, February 21st. Scotiabank cut shares of Amplitude from a “sector outperform” rating to a “sector perform” rating and set a $12.00 target price for the company. in a report on Wednesday, February 21st. Finally, Morgan Stanley lowered their price target on shares of Amplitude from $12.00 to $10.00 and set an “underweight” rating on the stock in a report on Wednesday, April 17th.

Insider Activity at Amplitude

In other news, Director Catherine Wong sold 3,515 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $11.97, for a total transaction of $42,074.55. Following the sale, the director now directly owns 86,335 shares of the company’s stock, valued at approximately $1,033,429.95. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 28.71% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AMPL. Headlands Technologies LLC acquired a new stake in Amplitude in the 1st quarter worth about $32,000. BluePath Capital Management LLC acquired a new stake in shares of Amplitude in the third quarter worth approximately $33,000. Russell Investments Group Ltd. purchased a new stake in shares of Amplitude during the first quarter worth approximately $45,000. ANTIPODES PARTNERS Ltd acquired a new position in Amplitude in the 1st quarter valued at $95,000. Finally, SG Americas Securities LLC purchased a new position in Amplitude in the 3rd quarter valued at $116,000. Hedge funds and other institutional investors own 73.20% of the company’s stock.

Amplitude Stock Down 1.9 %

Shares of Amplitude stock opened at $9.26 on Tuesday. The company has a 50 day moving average price of $10.46 and a 200 day moving average price of $11.47. The firm has a market capitalization of $1.12 billion, a P/E ratio of -11.87 and a beta of 1.36. Amplitude has a 52 week low of $8.50 and a 52 week high of $14.42.

Amplitude (NASDAQ:AMPL) last issued its quarterly earnings results on Tuesday, February 20th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). Amplitude had a negative net margin of 32.71% and a negative return on equity of 27.73%. The company had revenue of $71.40 million for the quarter, compared to analyst estimates of $71.56 million. As a group, research analysts anticipate that Amplitude will post -0.62 earnings per share for the current fiscal year.

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.