FY2025 Earnings Forecast for Amplitude Issued By DA Davidson

Amplitude, Inc. (NASDAQ:AMPL) – Research analysts at DA Davidson cut their FY2025 EPS estimates for shares of Amplitude in a note issued to investors on Wednesday, December 18th. DA Davidson analyst G. Luria now anticipates that the company will post earnings per share of ($0.59) for the year, down from their prior forecast of ($0.57). The consensus estimate for Amplitude’s current full-year earnings is ($0.67) per share.

Several other research firms have also weighed in on AMPL. Scotiabank raised their price objective on Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Robert W. Baird raised their price objective on Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. 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 note on Friday, December 13th. Finally, Piper Sandler raised their target price on Amplitude from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $11.57.

Amplitude Stock Performance

Shares of AMPL opened at $10.96 on Friday. Amplitude has a 52-week low of $7.37 and a 52-week high of $14.42. The stock has a 50 day simple moving average of $10.12 and a 200 day simple moving average of $9.08. The firm has a market capitalization of $1.04 billion, a PE ratio of -16.36 and a beta of 1.38.

Institutional Investors Weigh In On Amplitude

A number of large investors have recently made changes to their positions in AMPL. Renaissance Technologies LLC increased its holdings in Amplitude by 19.5% in the 2nd quarter. Renaissance Technologies LLC now owns 413,100 shares of the company’s stock worth $3,677,000 after acquiring an additional 67,500 shares in the last quarter. M&T Bank Corp grew its holdings in Amplitude by 86.8% during the 3rd quarter. M&T Bank Corp now owns 156,688 shares of the company’s stock valued at $1,405,000 after buying an additional 72,806 shares in the last quarter. Walleye Capital LLC bought a new position in Amplitude during the third quarter valued at approximately $726,000. Horrell Capital Management Inc. bought a new stake in Amplitude in the 3rd quarter worth approximately $1,597,000. Finally, Algert Global LLC purchased a new stake in shares of Amplitude during the 3rd quarter worth approximately $708,000. 73.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amplitude

In other news, Director Eric Vishria sold 6,437 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $12.02, for a total transaction of $77,372.74. Following the transaction, the director now directly owns 279,771 shares of the company’s stock, valued at $3,362,847.42. This represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.80% of the stock is owned by company insiders.

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.