Amplitude, Inc. (NASDAQ:AMPL) Receives $14.89 Consensus Target Price from Brokerages

Shares of Amplitude, Inc. (NASDAQ:AMPL) have been given a consensus rating of “Moderate Buy” by the eleven brokerages that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $15.00.

Several research analysts have recently commented on the company. Morgan Stanley lifted their target price on Amplitude from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 20th. Needham & Company LLC started coverage on Amplitude in a research note on Monday, March 3rd. They set a “buy” rating and a $16.00 target price for the company. Piper Sandler boosted their price target on Amplitude from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. KeyCorp upgraded Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price target for the company in a research note on Friday, December 13th. Finally, Robert W. Baird upgraded Amplitude from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $12.00 to $17.00 in a research note on Thursday, February 20th.

Insider Buying and Selling at Amplitude

In other Amplitude news, Director Eric Vishria sold 3,563 shares of Amplitude stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $12.00, for a total value of $42,756.00. Following the completion of the transaction, the director now directly owns 276,208 shares of the company’s stock, valued at $3,314,496. The trade was a 1.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 45,000 shares of company stock valued at $568,129 in the last three months. Corporate insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Amplitude

A number of institutional investors have recently modified their holdings of the business. Occudo Quantitative Strategies LP raised its holdings in shares of Amplitude by 2.1% during the 4th quarter. Occudo Quantitative Strategies LP now owns 41,365 shares of the company’s stock worth $436,000 after buying an additional 832 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Amplitude by 1.0% during the 4th quarter. Rhumbline Advisers now owns 101,954 shares of the company’s stock worth $1,076,000 after buying an additional 1,040 shares in the last quarter. Summit Investment Advisors Inc. raised its holdings in shares of Amplitude by 22.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company’s stock worth $86,000 after buying an additional 1,492 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Amplitude by 2.6% during the 4th quarter. Legal & General Group Plc now owns 82,998 shares of the company’s stock worth $876,000 after buying an additional 2,111 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Amplitude by 6.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,361 shares of the company’s stock worth $468,000 after buying an additional 2,512 shares in the last quarter. Institutional investors and hedge funds own 73.20% of the company’s stock.

Amplitude Stock Performance

Shares of Amplitude stock opened at $12.59 on Monday. The firm has a market cap of $1.63 billion, a PE ratio of -16.35 and a beta of 1.35. Amplitude has a 52-week low of $7.37 and a 52-week high of $14.88. The business’s 50 day simple moving average is $11.77 and its 200 day simple moving average is $10.39.

Amplitude (NASDAQ:AMPL) last issued 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 return on equity of 32.24% and a negative net margin of 31.52%. The business had revenue of $78.13 million for the quarter, compared to the consensus estimate of $76.68 million. As a group, equities research analysts predict that Amplitude will post -0.62 EPS 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.