FY2024 Earnings Forecast for Amplitude Issued By DA Davidson

Amplitude, Inc. (NASDAQ:AMPL) – Research analysts at DA Davidson decreased their FY2024 earnings per share estimates for Amplitude in a note issued to investors on Monday, November 11th. DA Davidson analyst G. Luria now expects that the company will earn ($0.67) per share for the year, down from their previous estimate of ($0.64). The consensus estimate for Amplitude’s current full-year earnings is ($0.66) per share. DA Davidson also issued estimates for Amplitude’s Q4 2024 earnings at ($0.18) EPS.

A number of other equities analysts have also weighed in on AMPL. Piper Sandler lifted their price target on shares of Amplitude from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, November 8th. UBS Group dropped their price objective on Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Robert W. Baird increased their price target on shares of Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Scotiabank increased their target price on shares of Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $11.00.

Amplitude Price Performance

AMPL stock opened at $10.07 on Wednesday. Amplitude has a 12 month low of $7.37 and a 12 month high of $14.42. The company’s 50 day simple moving average is $9.05 and its 200-day simple moving average is $8.85. The firm has a market capitalization of $952.52 million, a PE ratio of -15.03 and a beta of 1.31.

Insiders Place Their Bets

In related news, Director Eric Vishria sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $10.18, for a total transaction of $254,500.00. Following the sale, the director now directly owns 286,208 shares in the company, valued at $2,913,597.44. This represents a 8.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AMPL. PDT Partners LLC boosted its holdings in Amplitude by 15.8% during the third quarter. PDT Partners LLC now owns 99,240 shares of the company’s stock worth $890,000 after buying an additional 13,563 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of Amplitude in the third quarter valued at approximately $726,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Amplitude by 19.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,146 shares of the company’s stock worth $199,000 after acquiring an additional 3,552 shares in the last quarter. Quantbot Technologies LP increased its position in shares of Amplitude by 21.5% during the third quarter. Quantbot Technologies LP now owns 24,390 shares of the company’s stock worth $219,000 after acquiring an additional 4,309 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Amplitude by 0.8% during the third quarter. FMR LLC now owns 8,056,003 shares of the company’s stock worth $72,262,000 after acquiring an additional 64,574 shares during the period. Institutional investors and hedge funds own 73.20% of the company’s stock.

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.