Amplitude, Inc. (NASDAQ:AMPL) Receives $15.00 Consensus Target Price from Brokerages

Shares of Amplitude, Inc. (NASDAQ:AMPL) have received an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $15.00.

A number of brokerages have weighed in on AMPL. KeyCorp upgraded shares of 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. Baird R W raised shares of Amplitude from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 20th. Bank of America increased their price objective on Amplitude from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 target price on shares of Amplitude in a report on Tuesday, March 11th. Finally, Piper Sandler upped their target price on shares of Amplitude from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th.

Insiders Place Their Bets

In other news, Director Eric Vishria sold 35,000 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $12.80, for a total value of $448,000.00. Following the completion of the sale, the director now owns 286,859 shares of the company’s stock, valued at approximately $3,671,795.20. This represents a 10.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.80% of the company’s stock.

Institutional Trading of Amplitude

Several hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new position in shares of Amplitude in the fourth quarter worth about $38,000. Aquatic Capital Management LLC grew its position in 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 acquiring an additional 2,647 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Amplitude by 255.0% in 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. lifted its position in Amplitude by 22.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company’s stock valued at $86,000 after purchasing an additional 1,492 shares during the last quarter. Finally, Meros Investment Management LP purchased a new stake in shares of Amplitude during the fourth quarter valued at approximately $102,000. 73.20% of the stock is owned by institutional investors.

Amplitude Stock Up 1.4 %

Amplitude stock opened at $10.33 on Friday. The firm has a 50 day moving average price of $12.04 and a 200-day moving average price of $10.72. Amplitude has a twelve month low of $7.37 and a twelve month high of $14.88. The company has a market capitalization of $1.34 billion, a P/E ratio of -13.42 and a beta of 1.35.

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

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.