Brokerages Set Amplitude, Inc. (NASDAQ:AMPL) Target Price at $14.40

Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eleven analysts that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $13.90.

Several analysts have recently issued reports on the company. Citigroup increased their price objective on Amplitude from $11.00 to $15.00 and gave the company a "neutral" rating in a research note on Monday, February 24th. Morgan Stanley cut their target price on shares of Amplitude from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. UBS Group boosted their price target on shares of Amplitude from $10.00 to $13.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. DA Davidson decreased their price objective on shares of Amplitude from $16.00 to $12.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Baird R W upgraded Amplitude from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 20th.

Insider Transactions at Amplitude

In other Amplitude 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 transaction, the director now directly owns 276,208 shares of the company's stock, valued at approximately $3,314,496. The trade was a 1.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 4.80% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AMPL. Barclays PLC boosted its holdings in Amplitude by 371.7% in the 3rd quarter. Barclays PLC now owns 128,537 shares of the company's stock valued at $1,153,000 after purchasing an additional 101,289 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Amplitude by 4.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 683,405 shares of the company's stock valued at $7,210,000 after buying an additional 31,800 shares in the last quarter. M&T Bank Corp grew its holdings in Amplitude by 16.6% during the fourth quarter. M&T Bank Corp now owns 182,712 shares of the company's stock worth $1,927,000 after acquiring an additional 26,024 shares during the period. JPMorgan Chase & Co. raised its position in Amplitude by 38.9% in the third quarter. JPMorgan Chase & Co. now owns 84,050 shares of the company's stock worth $754,000 after acquiring an additional 23,526 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Amplitude by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 1,955,564 shares of the company's stock worth $20,636,000 after acquiring an additional 52,033 shares in the last quarter. 73.20% of the stock is currently owned by institutional investors and hedge funds.

Amplitude Stock Up 6.1 %

NASDAQ:AMPL traded up $0.51 during trading hours on Tuesday, reaching $8.87. 820,230 shares of the stock were exchanged, compared to its average volume of 652,531. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of -11.52 and a beta of 1.40. The business has a 50-day moving average of $10.84 and a two-hundred day moving average of $10.67. Amplitude has a twelve month low of $7.37 and a twelve month high of $14.88.

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

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.