Analysts Set Amplitude, Inc. (NASDAQ:AMPL) Price Target at $14.89

Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eleven analysts that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $15.00.

A number of analysts have recently weighed in on AMPL shares. Robert W. Baird upgraded shares of Amplitude from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $12.00 to $17.00 in a research note on Thursday, February 20th. Baird R W raised shares of Amplitude from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 20th. Morgan Stanley upped their price target on shares of Amplitude from $11.00 to $13.00 and gave the company an "equal weight" rating in a report on Thursday, February 20th. Piper Sandler lifted their price objective on Amplitude from $15.00 to $17.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. Finally, UBS Group increased their target price on Amplitude from $10.00 to $13.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th.

Amplitude Stock Performance

Shares of Amplitude stock traded down $0.32 during midday trading on Monday, reaching $12.27. 897,037 shares of the company's stock traded hands, compared to its average volume of 733,923. The company has a market cap of $1.59 billion, a price-to-earnings ratio of -15.94 and a beta of 1.37. Amplitude has a 52 week low of $7.37 and a 52 week high of $14.88. The company's 50 day simple moving average is $11.62 and its 200 day simple moving average is $10.26.

Amplitude (NASDAQ:AMPL - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.27). Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. The company had revenue of $78.13 million for the quarter, compared to the consensus estimate of $76.68 million. As a group, equities research analysts predict that Amplitude will post -0.62 earnings per share for the current year.

Insider Buying and Selling at Amplitude

In other news, Director Eric Vishria sold 3,563 shares of the business's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $12.00, for a total value of $42,756.00. Following the sale, the director now owns 276,208 shares in the company, valued at approximately $3,314,496. The trade was a 1.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 45,000 shares of company stock worth $568,129 over the last three months. Company insiders own 4.80% of the company's stock.

Institutional Investors Weigh In On Amplitude

A number of hedge funds have recently made changes to their positions in AMPL. Occudo Quantitative Strategies LP grew its stake in Amplitude by 2.1% during the fourth quarter. Occudo Quantitative Strategies LP now owns 41,365 shares of the company's stock worth $436,000 after buying an additional 832 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Amplitude by 1.0% in the 4th quarter. Rhumbline Advisers now owns 101,954 shares of the company's stock worth $1,076,000 after acquiring an additional 1,040 shares in the last quarter. Summit Investment Advisors Inc. grew its position in Amplitude by 22.3% during the 4th 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 during the last quarter. Legal & General Group Plc increased its holdings in Amplitude by 2.6% during the 4th quarter. Legal & General Group Plc now owns 82,998 shares of the company's stock valued at $876,000 after purchasing an additional 2,111 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Amplitude by 6.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,361 shares of the company's stock valued at $468,000 after purchasing an additional 2,512 shares during the last quarter. Institutional investors and hedge funds 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.