UBS Group Lowers Amplitude (NASDAQ:AMPL) Price Target to $11.00

Amplitude (NASDAQ:AMPL) had its price objective decreased by investment analysts at UBS Group from $13.00 to $11.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential upside of 3.38% from the company’s previous close.

Several other research firms have also recently issued reports on AMPL. Citigroup raised their price target on shares of Amplitude from $11.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, February 24th. Scotiabank decreased their target price on shares of Amplitude from $12.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 24th. DA Davidson cut their price target on Amplitude from $16.00 to $12.00 and set a “buy” rating for the company in a report on Monday, April 14th. Morgan Stanley reduced their price target on Amplitude from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Finally, Robert W. Baird lowered their price objective on Amplitude from $17.00 to $14.00 and set an “outperform” rating for the company in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.60.

Amplitude Stock Up 1.3 %

Shares of AMPL opened at $10.64 on Thursday. The company has a 50-day simple moving average of $10.08 and a 200-day simple moving average of $10.73. Amplitude has a 52-week low of $7.37 and a 52-week high of $14.88. The company has a market capitalization of $1.05 billion, a PE ratio of -13.82 and a beta of 1.40.

Amplitude (NASDAQ:AMPL) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.16). The company had revenue of $79.95 million for the quarter, compared to analyst estimates of $79.81 million. Amplitude had a negative return on equity of 32.24% and a negative net margin of 31.52%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 earnings per share. On average, research analysts anticipate that Amplitude will post -0.62 EPS for the current year.

Insider Buying and Selling at Amplitude

In other news, Director Eric Vishria sold 35,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $12.80, for a total value of $448,000.00. Following the transaction, the director now directly owns 286,859 shares in the company, valued at $3,671,795.20. This trade represents a 10.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.80% of the stock is owned by company insiders.

Institutional Trading of Amplitude

A number of institutional investors and hedge funds have recently bought and sold shares of AMPL. Headlands Technologies LLC acquired a new position in Amplitude during the fourth quarter valued at approximately $38,000. Aquatic Capital Management LLC raised its stake in shares of Amplitude by 176.5% in the 4th quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company’s stock valued at $44,000 after acquiring an additional 2,647 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of Amplitude by 255.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company’s stock valued at $75,000 after acquiring an additional 5,100 shares during the period. Summit Investment Advisors Inc. lifted 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 valued at $86,000 after acquiring an additional 1,492 shares in the last quarter. Finally, Meros Investment Management LP purchased a new stake in Amplitude during the 4th quarter worth $102,000. Institutional investors and hedge funds 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.