FY2024 Earnings Estimate for Amplitude Issued By DA Davidson

Amplitude, Inc. (NASDAQ:AMPL) – Research analysts at DA Davidson lowered their FY2024 earnings per share estimates for Amplitude in a note issued to investors on Monday, November 11th. DA Davidson analyst G. Luria now forecasts that the company will post earnings of ($0.67) per share for the year, down from their previous estimate of ($0.64). The consensus estimate for Amplitude’s current full-year earnings is ($0.66) per share. DA Davidson also issued estimates for Amplitude’s Q4 2024 earnings at ($0.18) EPS.

AMPL has been the subject of a number of other reports. Robert W. Baird raised their price objective on shares of Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. UBS Group cut their price target on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Scotiabank upped their price target on shares of Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. Finally, Piper Sandler lifted their price objective on Amplitude from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $11.00.

Amplitude Stock Down 2.4 %

Shares of NASDAQ AMPL opened at $10.25 on Wednesday. The company has a market cap of $969.55 million, a P/E ratio of -15.30 and a beta of 1.31. Amplitude has a 52 week low of $7.37 and a 52 week high of $14.42. The business has a 50-day simple moving average of $9.03 and a two-hundred day simple moving average of $8.84.

Institutional Trading of Amplitude

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Amplitude by 3.4% during the first quarter. Vanguard Group Inc. now owns 8,107,888 shares of the company’s stock worth $88,214,000 after purchasing an additional 264,477 shares during the last quarter. FMR LLC raised its holdings in shares of Amplitude by 0.8% during the 3rd quarter. FMR LLC now owns 8,056,003 shares of the company’s stock valued at $72,262,000 after buying an additional 64,574 shares in the last quarter. Janus Henderson Group PLC lifted its position in Amplitude by 3,607.6% in the 1st quarter. Janus Henderson Group PLC now owns 859,723 shares of the company’s stock worth $9,353,000 after buying an additional 836,535 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Amplitude by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 651,605 shares of the company’s stock worth $5,845,000 after buying an additional 20,657 shares in the last quarter. Finally, Cerity Partners LLC grew its position in Amplitude by 524.9% during the third quarter. Cerity Partners LLC now owns 460,624 shares of the company’s stock valued at $4,132,000 after acquiring an additional 386,915 shares during the last quarter. Hedge funds and other 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.