Amplitude, Inc. (NASDAQ:AMPL) Stake Raised by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its holdings in Amplitude, Inc. (NASDAQ:AMPL) by 418.2% in the 3rd quarter, Holdings Channel reports. The fund owned 66,592 shares of the company’s stock after purchasing an additional 53,741 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Amplitude were worth $597,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in Amplitude in the 1st quarter worth about $32,000. Quest Partners LLC acquired a new position in Amplitude in the 2nd quarter worth about $41,000. Russell Investments Group Ltd. acquired a new position in Amplitude in the 1st quarter worth about $45,000. Principal Financial Group Inc. acquired a new position in Amplitude in the 2nd quarter worth about $92,000. Finally, ANTIPODES PARTNERS Ltd acquired a new position in Amplitude in the 1st quarter worth about $95,000. 73.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on AMPL shares. Piper Sandler dropped their target price on Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. UBS Group dropped their target price on Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Finally, Robert W. Baird lowered their price objective on Amplitude from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, Amplitude currently has an average rating of “Hold” and a consensus target price of $10.33.

Amplitude Stock Performance

Shares of NASDAQ AMPL opened at $9.30 on Friday. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of -13.68 and a beta of 1.33. The business’s 50-day simple moving average is $8.83 and its 200-day simple moving average is $8.83. Amplitude, Inc. has a 52 week low of $7.37 and a 52 week high of $14.42.

Amplitude (NASDAQ:AMPL) last released its earnings results on Thursday, August 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.18). The business had revenue of $73.30 million during the quarter, compared to analyst estimates of $71.98 million. Amplitude had a negative net margin of 28.19% and a negative return on equity of 27.58%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business earned ($0.17) EPS. As a group, equities research analysts forecast that Amplitude, Inc. will post -0.65 earnings per share for the current 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.