Brokerages Set Amplitude, Inc. (NASDAQ:AMPL) Target Price at $10.33

Amplitude, Inc. (NASDAQ:AMPL) has been assigned a consensus recommendation of “Reduce” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $10.33.

A number of equities research analysts have recently issued reports on the stock. Piper Sandler cut their price target on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. Robert W. Baird lowered their price objective on shares of Amplitude from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Finally, UBS Group lowered their price objective on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th.

Amplitude Price Performance

AMPL stock opened at $8.84 on Monday. Amplitude has a 52-week low of $7.37 and a 52-week high of $14.42. The company’s 50 day simple moving average is $8.45 and its 200-day simple moving average is $9.30. The firm has a market capitalization of $1.08 billion, a P/E ratio of -12.11 and a beta of 1.32.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $73.30 million for the quarter, compared to analyst estimates of $71.98 million. During the same quarter in the prior year, the firm earned ($0.17) EPS. The firm’s revenue was up 8.2% compared to the same quarter last year. Sell-side analysts predict that Amplitude will post -0.64 EPS for the current fiscal year.

Institutional Trading of Amplitude

Several large investors have recently added to or reduced their stakes in AMPL. Janus Henderson Group PLC grew its position in Amplitude by 3,607.6% in the first quarter. Janus Henderson Group PLC now owns 859,723 shares of the company’s stock worth $9,353,000 after acquiring an additional 836,535 shares in the last quarter. Sunriver Management LLC boosted its holdings in shares of Amplitude by 28.2% during the 4th quarter. Sunriver Management LLC now owns 2,242,883 shares of the company’s stock worth $28,529,000 after buying an additional 493,046 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Amplitude by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 8,107,888 shares of the company’s stock worth $88,214,000 after buying an additional 264,477 shares during the period. Optimus Prime Fund Management Co. Ltd. boosted its holdings in shares of Amplitude by 14.3% during the 4th quarter. Optimus Prime Fund Management Co. Ltd. now owns 1,515,100 shares of the company’s stock worth $19,272,000 after buying an additional 190,000 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Amplitude by 918.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 194,010 shares of the company’s stock worth $2,111,000 after buying an additional 174,967 shares during the period. 73.20% of the stock is owned by institutional investors.

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.