FY2025 Earnings Forecast for Amplitude Issued By DA Davidson

Amplitude, Inc. (NASDAQ:AMPL) – Investment analysts at DA Davidson lowered their FY2025 earnings per share (EPS) estimates for shares of Amplitude in a note issued to investors on Wednesday, December 18th. DA Davidson analyst G. Luria now expects that the company will earn ($0.59) per share for the year, down from their prior estimate of ($0.57). The consensus estimate for Amplitude’s current full-year earnings is ($0.67) per share.

Several other brokerages also recently commented on AMPL. Robert W. Baird lifted their target price on shares of Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Scotiabank raised their price objective on shares of Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. Piper Sandler raised their price target on shares of Amplitude from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, KeyCorp upgraded shares of Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 target price for the company in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $11.57.

Amplitude Stock Performance

Shares of AMPL stock opened at $11.01 on Friday. Amplitude has a twelve month low of $7.37 and a twelve month high of $14.42. The stock’s 50 day simple moving average is $10.17 and its 200 day simple moving average is $9.10. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -16.43 and a beta of 1.38.

Hedge Funds Weigh In On Amplitude

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMPL. FMR LLC increased its holdings in shares of Amplitude by 0.8% during the third quarter. FMR LLC now owns 8,056,003 shares of the company’s stock worth $72,262,000 after buying an additional 64,574 shares in the last quarter. Geode Capital Management LLC increased its holdings in Amplitude by 7.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,903,531 shares of the company’s stock valued at $17,078,000 after purchasing an additional 126,056 shares in the last quarter. ArrowMark Colorado Holdings LLC raised its position in Amplitude by 56.6% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,482,738 shares of the company’s stock valued at $13,300,000 after purchasing an additional 535,624 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 purchasing an additional 20,657 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of Amplitude by 524.9% during the third quarter. Cerity Partners LLC now owns 460,624 shares of the company’s stock worth $4,132,000 after purchasing an additional 386,915 shares during the last quarter. 73.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amplitude

In other Amplitude news, Director Eric Vishria sold 6,437 shares of Amplitude stock in a transaction on Friday, December 13th. The stock was sold at an average price of $12.02, for a total transaction of $77,372.74. Following the completion of the transaction, the director now directly owns 279,771 shares of the company’s stock, valued at approximately $3,362,847.42. This trade represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.80% of the stock is owned by insiders.

About Amplitude

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.