Analysts Set Amplitude, Inc. (NASDAQ:AMPL) PT at $10.33

Shares of Amplitude, Inc. (NASDAQ:AMPL) have earned an average recommendation of “Reduce” from the seven analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $10.33.

Several research firms recently commented on AMPL. UBS Group cut their target price 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. Piper Sandler cut their target price on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Finally, Robert W. Baird dropped their price target 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.

Amplitude Stock Down 2.4 %

AMPL stock opened at $8.99 on Tuesday. Amplitude has a 12 month low of $7.37 and a 12 month high of $14.42. The firm has a market cap of $1.11 billion, a P/E ratio of -13.22 and a beta of 1.33. The company’s 50-day moving average price is $8.82 and its two-hundred day moving average price is $8.83.

Amplitude (NASDAQ:AMPL) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.19) earnings per share 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 company had revenue of $73.30 million during the quarter, compared to analyst estimates of $71.98 million. During the same quarter in the previous year, the business posted ($0.17) earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Equities analysts predict that Amplitude will post -0.65 EPS for the current year.

Institutional Trading of Amplitude

Several hedge funds have recently modified their holdings of AMPL. Vanguard Group Inc. increased its stake in shares of Amplitude by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 7,843,411 shares of the company’s stock valued at $99,768,000 after acquiring an additional 105,616 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Amplitude by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,984 shares of the company’s stock valued at $141,000 after acquiring an additional 1,099 shares in the last quarter. Source Financial Advisors LLC increased its stake in shares of Amplitude by 9.5% in the 1st quarter. Source Financial Advisors LLC now owns 134,808 shares of the company’s stock valued at $1,467,000 after acquiring an additional 11,643 shares in the last quarter. ANTIPODES PARTNERS Ltd bought a new stake in Amplitude during the 1st quarter valued at $95,000. Finally, Swiss National Bank increased its stake in Amplitude by 7.5% during the 1st quarter. Swiss National Bank now owns 132,100 shares of the company’s stock valued at $1,437,000 after purchasing an additional 9,200 shares in the last quarter. Institutional investors 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.