Amplitude, Inc. (NASDAQ:AMPL) Receives $14.80 Average PT from Analysts

Amplitude, Inc. (NASDAQ:AMPL) has earned an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $14.80.

A number of analysts have commented on the company. Morgan Stanley set a $16.00 target price on Amplitude and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Robert W. Baird boosted their price objective on shares of Amplitude from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Friday, December 19th. BTIG Research started coverage on shares of Amplitude in a research note on Tuesday, December 16th. They issued a “buy” rating and a $14.00 price objective on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Amplitude in a report on Monday, December 29th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $16.00 price target on shares of Amplitude in a report on Monday, September 29th.

Amplitude Trading Up 2.4%

AMPL stock opened at $10.50 on Thursday. The company’s 50-day moving average price is $10.85 and its 200 day moving average price is $11.04. Amplitude has a 52 week low of $7.55 and a 52 week high of $14.88. The company has a market cap of $1.40 billion, a P/E ratio of -13.12 and a beta of 1.49.

Amplitude (NASDAQ:AMPL) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $88.56 million during the quarter, compared to the consensus estimate of $86.29 million. Amplitude had a negative net margin of 31.36% and a negative return on equity of 36.27%. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period last year, the firm earned $0.03 EPS. On average, equities research analysts expect that Amplitude will post -0.62 earnings per share for the current year.

Insider Activity at Amplitude

In related news, Director Erica Schultz sold 10,000 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $10.88, for a total transaction of $108,800.00. Following the sale, the director owned 114,906 shares of the company’s stock, valued at $1,250,177.28. This trade represents a 8.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Spenser Skates sold 42,743 shares of Amplitude stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $12.01, for a total value of $513,343.43. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 462,843 shares of company stock valued at $5,121,643. 4.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Amplitude by 2.6% during the third quarter. Vanguard Group Inc. now owns 9,891,218 shares of the company’s stock worth $106,034,000 after buying an additional 252,646 shares in the last quarter. Alliancebernstein L.P. boosted its position in Amplitude by 44.8% during the third quarter. Alliancebernstein L.P. now owns 6,025,390 shares of the company’s stock worth $64,592,000 after acquiring an additional 1,864,909 shares during the last quarter. Baillie Gifford & Co. grew its stake in Amplitude by 2.2% in the 4th quarter. Baillie Gifford & Co. now owns 2,741,880 shares of the company’s stock worth $31,751,000 after acquiring an additional 59,984 shares during the period. Geode Capital Management LLC raised its holdings in Amplitude by 7.4% in the 2nd quarter. Geode Capital Management LLC now owns 2,158,379 shares of the company’s stock valued at $26,767,000 after acquiring an additional 148,247 shares during the last quarter. Finally, TimesSquare Capital Management LLC purchased a new position in shares of Amplitude during the 3rd quarter worth $21,922,000. 73.20% of the stock is currently owned by hedge funds and other institutional investors.

Amplitude Company Profile

Amplitude, Inc is a software company specializing in digital analytics and product intelligence solutions for businesses seeking to optimize user engagement and drive growth. Its core offering, the Amplitude Analytics platform, enables customers to collect and analyze behavioral data from web and mobile applications in real time. The platform provides advanced segmentation, funnel analysis, retention tracking and pathfinding tools that help product, marketing and data teams understand user journeys, identify friction points and measure the impact of new features.

Founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang, Amplitude is headquartered in Redwood City, California, with additional offices spanning North America, Europe and Asia.