Amplitude, Inc. (NASDAQ:AMPL) Receives $10.33 Consensus Price Target from Analysts

Shares of Amplitude, Inc. (NASDAQ:AMPL) have earned an average recommendation of “Reduce” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $10.33.

Several equities analysts have recently commented on AMPL shares. UBS Group lowered their target price on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Piper Sandler reduced their target price on Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. Finally, Robert W. Baird dropped their price target on Amplitude from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, August 9th.

Amplitude Price Performance

Shares of AMPL opened at $9.28 on Tuesday. The firm has a market capitalization of $1.15 billion, a P/E ratio of -13.65 and a beta of 1.31. Amplitude has a one year low of $7.37 and a one year high of $14.42. The business has a fifty day moving average of $8.84 and a 200 day moving average of $8.82.

Amplitude (NASDAQ:AMPL) last released its earnings results on Thursday, August 8th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.18). Amplitude had a negative net margin of 28.19% and a negative return on equity of 27.58%. The company had revenue of $73.30 million for the quarter, compared to analysts’ expectations of $71.98 million. During the same quarter last year, the firm posted ($0.17) earnings per share. Amplitude’s revenue for the quarter was up 8.2% on a year-over-year basis. Analysts expect that Amplitude will post -0.65 EPS for the current fiscal year.

Hedge Funds Weigh In On Amplitude

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Amplitude by 3.4% during the first quarter. Vanguard Group Inc. now owns 8,107,888 shares of the company’s stock valued at $88,214,000 after purchasing an additional 264,477 shares during the period. Janus Henderson Group PLC lifted its holdings in Amplitude by 3,607.6% during the 1st quarter. Janus Henderson Group PLC now owns 859,723 shares of the company’s stock valued at $9,353,000 after buying an additional 836,535 shares in the last quarter. Renaissance Technologies LLC boosted its position in Amplitude by 19.5% in the 2nd quarter. Renaissance Technologies LLC now owns 413,100 shares of the company’s stock valued at $3,677,000 after buying an additional 67,500 shares during the period. TD Asset Management Inc increased its position in shares of Amplitude by 24.2% during the second quarter. TD Asset Management Inc now owns 224,818 shares of the company’s stock worth $2,001,000 after acquiring an additional 43,780 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Amplitude by 918.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 194,010 shares of the company’s stock valued at $2,111,000 after acquiring an additional 174,967 shares in the last quarter. Institutional investors own 73.20% of the company’s stock.

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.