Amplitude, Inc. (NASDAQ:AMPL) Receives Average Rating of “Moderate Buy” from Brokerages

Amplitude, Inc. (NASDAQ:AMPL) has earned an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $15.00.

Several research firms recently commented on AMPL. Piper Sandler raised their target price on Amplitude from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Scotiabank raised their target price on Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. UBS Group raised their target price on Amplitude from $10.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Baird R W raised Amplitude from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 20th. Finally, Bank of America increased their price target on Amplitude from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, February 20th.

Amplitude Trading Up 3.3 %

Shares of Amplitude stock opened at $12.59 on Monday. The business’s 50 day simple moving average is $11.74 and its 200-day simple moving average is $10.34. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of -16.35 and a beta of 1.35. Amplitude has a twelve month low of $7.37 and a twelve month high of $14.88.

Amplitude (NASDAQ:AMPL) last posted its earnings results on Wednesday, February 19th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.27). Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. The business had revenue of $78.13 million during the quarter, compared to analyst estimates of $76.68 million. Sell-side analysts predict that Amplitude will post -0.62 earnings per share for the current year.

Insider Transactions at Amplitude

In other news, Director Eric Vishria sold 35,000 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $12.80, for a total transaction of $448,000.00. Following the completion of the sale, the director now directly owns 286,859 shares of the company’s stock, valued at $3,671,795.20. This trade represents a 10.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 45,000 shares of company stock valued at $568,129 in the last three months. 4.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amplitude

Several large investors have recently modified their holdings of AMPL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Amplitude by 8.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,843 shares of the company’s stock worth $1,539,000 after buying an additional 11,765 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Amplitude in the fourth quarter worth $716,000. Thrive Capital Management LLC acquired a new stake in shares of Amplitude in the fourth quarter worth $904,000. State of Wyoming boosted its position in shares of Amplitude by 991.2% in the fourth quarter. State of Wyoming now owns 30,020 shares of the company’s stock worth $317,000 after buying an additional 27,269 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Amplitude in the fourth quarter worth $4,320,000. 73.20% of the stock is owned by institutional investors.

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.