Amplitude, Inc. (NASDAQ:AMPL) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $15.00.

Several equities analysts have recently issued reports on AMPL shares. Robert W. Baird upgraded shares of Amplitude from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $12.00 to $17.00 in a report on Thursday, February 20th. Baird R W raised shares of Amplitude from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 20th. Piper Sandler boosted their price objective on shares of Amplitude from $15.00 to $17.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. KeyCorp raised Amplitude from a "sector weight" rating to an "overweight" rating and set a $15.00 target price on the stock in a research report on Friday, December 13th. Finally, UBS Group lifted their price target on Amplitude from $10.00 to $13.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th.

Insider Transactions at Amplitude

In related 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 completion of the transaction, the director now directly owns 276,208 shares in the company, valued at $3,314,496. The trade was a 1.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.80% of the company's stock.

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Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMPL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Amplitude by 8.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,843 shares of the company's stock valued at $1,539,000 after acquiring an additional 11,765 shares during the period. Squarepoint Ops LLC purchased a new position in Amplitude during the fourth quarter worth approximately $716,000. Thrive Capital Management LLC acquired a new stake in Amplitude in the fourth quarter valued at approximately $904,000. State of Wyoming increased its position in shares of Amplitude by 991.2% in the fourth quarter. State of Wyoming now owns 30,020 shares of the company's stock valued at $317,000 after buying an additional 27,269 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Amplitude during the 4th quarter worth approximately $4,320,000. Hedge funds and other institutional investors own 73.20% of the company's stock.

Amplitude Stock Performance

AMPL traded down $0.36 during trading on Friday, hitting $10.19. The stock had a trading volume of 883,616 shares, compared to its average volume of 587,294. The stock has a 50 day simple moving average of $12.06 and a two-hundred day simple moving average of $10.71. Amplitude has a twelve month low of $7.37 and a twelve month high of $14.88. The company has a market capitalization of $1.32 billion, a PE ratio of -13.23 and a beta of 1.35.

Amplitude (NASDAQ:AMPL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported ($0.26) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.27). Amplitude had a negative return on equity of 32.24% and a negative net margin of 31.52%. The business had revenue of $78.13 million during the quarter, compared to analyst estimates of $76.68 million. On average, equities research analysts anticipate that Amplitude will post -0.62 EPS for the current year.

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.