Brokerages Set Amplitude, Inc. (NASDAQ:AMPL) Target Price at $15.00

Shares of Amplitude, Inc. (NASDAQ:AMPL) have been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $15.00.

AMPL has been the topic of a number of research reports. Bank of America raised their price objective on Amplitude from $14.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Piper Sandler raised their price target on shares of Amplitude from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. DA Davidson reaffirmed a “buy” rating and set a $16.00 price objective on shares of Amplitude in a research note on Tuesday, March 11th. Needham & Company LLC reissued a “buy” rating and issued a $16.00 target price on shares of Amplitude in a research note on Tuesday, March 11th. Finally, Morgan Stanley boosted their target price on Amplitude from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Thursday, February 20th.

Amplitude Stock Down 3.4 %

AMPL opened at $10.55 on Friday. The company has a market cap of $1.37 billion, a PE ratio of -13.70 and a beta of 1.35. Amplitude has a twelve month low of $7.37 and a twelve month high of $14.88. The company has a 50-day moving average price of $12.08 and a 200 day moving average price of $10.70.

Amplitude (NASDAQ:AMPL) last announced its earnings results on Wednesday, February 19th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.27). The firm had revenue of $78.13 million for the quarter, compared to analyst estimates of $76.68 million. Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. As a group, sell-side analysts expect that Amplitude will post -0.62 earnings per share for the current year.

Insider Buying and Selling at Amplitude

In related news, Director Eric Vishria sold 35,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $12.80, for a total transaction of $448,000.00. Following the completion of the transaction, the director now owns 286,859 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Company insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Amplitude

Several institutional investors have recently bought and sold shares of AMPL. Headlands Technologies LLC acquired a new stake in shares of Amplitude during the fourth quarter worth about $38,000. Aquatic Capital Management LLC boosted its position in 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 buying an additional 2,647 shares during the period. Canada Pension Plan Investment Board boosted its position in 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 buying an additional 5,100 shares during the period. Summit Investment Advisors Inc. grew its stake in shares of Amplitude by 22.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company’s stock worth $86,000 after acquiring an additional 1,492 shares in the last quarter. Finally, Meros Investment Management LP purchased a new stake in shares of Amplitude during the fourth quarter worth $102,000. 73.20% of the stock is owned by institutional investors and hedge funds.

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.