Amplitude, Inc. (NASDAQ:AMPL) Receives Average Recommendation of “Reduce” from Analysts

Shares of Amplitude, Inc. (NASDAQ:AMPL) have been given an average rating of “Reduce” by the six research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $12.00.

A number of equities research analysts recently commented on AMPL shares. Scotiabank lowered Amplitude from a “sector outperform” rating to a “sector perform” rating and set a $12.00 target price on the stock. in a research report on Wednesday, February 21st. Morgan Stanley lowered Amplitude from an “equal weight” rating to an “underweight” rating and set a $12.00 target price on the stock. in a research report on Thursday, February 1st. Piper Sandler reiterated a “neutral” rating and issued a $11.00 target price on shares of Amplitude in a research report on Wednesday, February 21st. KeyCorp started coverage on Amplitude in a research report on Thursday, March 21st. They issued a “sector weight” rating on the stock. Finally, Citigroup dropped their target price on Amplitude from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 21st.

Amplitude Stock Performance

Shares of AMPL stock opened at $9.67 on Friday. Amplitude has a fifty-two week low of $8.50 and a fifty-two week high of $14.42. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -12.40 and a beta of 1.37. The stock’s 50-day simple moving average is $11.61 and its 200-day simple moving average is $11.59.

Amplitude (NASDAQ:AMPL) last issued its quarterly earnings results on Tuesday, February 20th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). Amplitude had a negative return on equity of 27.73% and a negative net margin of 32.71%. The business had revenue of $71.40 million for the quarter, compared to analysts’ expectations of $71.56 million. As a group, equities analysts forecast that Amplitude will post -0.62 earnings per share for the current year.

Insider Buying and Selling at Amplitude

In other Amplitude news, Director Catherine Wong sold 3,515 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $11.97, for a total value of $42,074.55. Following the completion of the transaction, the director now directly owns 86,335 shares of the company’s stock, valued at $1,033,429.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 28.71% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AMPL. Bank of New York Mellon Corp raised its stake in shares of Amplitude by 1,972.5% during the 1st quarter. Bank of New York Mellon Corp now owns 552,868 shares of the company’s stock worth $10,190,000 after buying an additional 526,191 shares during the period. US Bancorp DE acquired a new position in shares of Amplitude during the 1st quarter worth approximately $28,000. BlackRock Inc. raised its stake in shares of Amplitude by 0.7% during the 1st quarter. BlackRock Inc. now owns 385,306 shares of the company’s stock worth $7,101,000 after buying an additional 2,700 shares during the period. Blair William & Co. IL raised its stake in shares of Amplitude by 44.3% during the 1st quarter. Blair William & Co. IL now owns 29,941 shares of the company’s stock worth $552,000 after buying an additional 9,195 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Amplitude by 32.1% during the 1st quarter. Vanguard Group Inc. now owns 3,922,497 shares of the company’s stock worth $72,291,000 after buying an additional 952,406 shares during the period. 73.20% of the stock is owned by institutional investors and hedge funds.

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.