Amplitude (NASDAQ:AMPL) Issues FY24 Earnings Guidance

Amplitude (NASDAQ:AMPL) updated its FY24 earnings guidance on Friday. The company provided earnings per share guidance of $0.07-0.09 for the period, compared to the consensus earnings per share estimate of $0.08. The company issued revenue guidance of $292.5-295.5 million, compared to the consensus revenue estimate of $294.09 million. Amplitude also updated its Q2 guidance to $(0.02)-(0.01) EPS.

Analyst Ratings Changes

A number of research firms recently weighed in on AMPL. Morgan Stanley decreased their target price on shares of Amplitude from $10.00 to $9.00 and set an underweight rating on the stock in a report on Friday, May 10th. Piper Sandler reaffirmed a neutral rating and set a $11.00 target price on shares of Amplitude in a report on Wednesday, February 21st. KeyCorp began coverage on shares of Amplitude in a report on Thursday, March 21st. They set a sector weight rating on the stock. Citigroup decreased their target price on shares of Amplitude from $14.00 to $13.00 and set a neutral rating on the stock in a report on Wednesday, February 21st. Finally, Scotiabank lowered shares of Amplitude from a sector outperform rating to a sector perform rating and set a $12.00 target price on the stock. in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, Amplitude presently has a consensus rating of Hold and an average price target of $11.20.

Amplitude Price Performance

AMPL stock opened at $9.75 on Friday. Amplitude has a one year low of $8.76 and a one year high of $14.42. The firm has a 50 day simple moving average of $10.08 and a two-hundred day simple moving average of $11.41.

Insiders Place Their Bets

In other news, Director Catherine Wong sold 3,515 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $9.16, for a total value of $32,197.40. Following the completion of the sale, the director now owns 82,820 shares of the company’s stock, valued at approximately $758,631.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 28.71% 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.