FY2024 Earnings Estimate for Amplitude Issued By Scotiabank

Amplitude, Inc. (NASDAQ:AMPL) – Scotiabank issued their FY2024 EPS estimates for shares of Amplitude in a research report issued on Wednesday, January 8th. Scotiabank analyst N. Altmann forecasts that the company will post earnings of ($0.67) per share for the year. Scotiabank currently has a “Sector Perform” rating and a $12.00 target price on the stock. The consensus estimate for Amplitude’s current full-year earnings is ($0.67) per share. Scotiabank also issued estimates for Amplitude’s FY2025 earnings at ($0.58) EPS.

AMPL has been the topic of several other research reports. KeyCorp raised Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price objective on the stock in a report on Friday, December 13th. Robert W. Baird lifted their price target on Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Piper Sandler upgraded Amplitude from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $11.00 to $15.00 in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Amplitude currently has an average rating of “Hold” and an average price target of $12.14.

Amplitude Price Performance

Shares of NASDAQ:AMPL opened at $10.21 on Friday. Amplitude has a 12 month low of $7.37 and a 12 month high of $14.42. The firm has a market capitalization of $965.77 million, a P/E ratio of -15.24 and a beta of 1.34. The company’s fifty day moving average price is $10.69 and its 200 day moving average price is $9.34.

Insider Buying and Selling at Amplitude

In other news, Director Eric Vishria sold 25,000 shares of Amplitude stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $10.18, for a total value of $254,500.00. Following the sale, the director now owns 286,208 shares of the company’s stock, valued at $2,913,597.44. The trade was a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AMPL. Quest Partners LLC acquired a new position in Amplitude during the 2nd quarter worth approximately $41,000. Principal Financial Group Inc. purchased a new stake in shares of Amplitude in the second quarter valued at approximately $92,000. Intech Investment Management LLC acquired a new position in Amplitude during the third quarter worth $128,000. XTX Topco Ltd purchased a new position in Amplitude in the second quarter worth $133,000. Finally, MQS Management LLC lifted its holdings in Amplitude by 69.4% in the second quarter. MQS Management LLC now owns 18,617 shares of the company’s stock valued at $166,000 after acquiring an additional 7,625 shares during the period. 73.20% of the stock is owned by hedge funds and other institutional investors.

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.