Morgan Stanley Has Lowered Expectations for Amplitude (NASDAQ:AMPL) Stock Price

Amplitude (NASDAQ:AMPL - Free Report) had its target price lowered by Morgan Stanley from $13.00 to $11.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

AMPL has been the subject of a number of other research reports. Bank of America lifted their target price on shares of Amplitude from $14.00 to $16.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Baird R W upgraded Amplitude from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 20th. UBS Group raised their target price on Amplitude from $10.00 to $13.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. DA Davidson cut their price target on shares of Amplitude from $16.00 to $12.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Citigroup raised their price objective on shares of Amplitude from $11.00 to $15.00 and gave the stock a "neutral" rating in a report on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $14.40.

Amplitude Stock Performance

Shares of NASDAQ:AMPL traded down $0.47 during mid-day trading on Wednesday, reaching $7.71. 1,246,316 shares of the company's stock were exchanged, compared to its average volume of 645,030. The firm has a market capitalization of $997.76 million, a price-to-earnings ratio of -10.01 and a beta of 1.40. Amplitude has a twelve month low of $7.37 and a twelve month high of $14.88. The business's fifty day moving average price is $11.09 and its 200-day moving average price is $10.72.

Amplitude (NASDAQ:AMPL - Get Free Report) last issued its quarterly 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 during the quarter, compared to analyst estimates of $76.68 million. Analysts predict that Amplitude will post -0.62 EPS for the current fiscal year.

Insider Transactions at Amplitude

In related news, Director Eric Vishria sold 35,000 shares of Amplitude stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $12.80, for a total value of $448,000.00. Following the completion of the transaction, the director now directly owns 286,859 shares in the company, valued at approximately $3,671,795.20. The trade was a 10.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.80% of the company's stock.

Hedge Funds Weigh In On Amplitude

A number of large investors have recently made changes to their positions in AMPL. Headlands Technologies LLC purchased a new stake in Amplitude during the 4th quarter worth about $38,000. Aquatic Capital Management LLC boosted its position in shares of Amplitude by 176.5% in the fourth quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company's stock valued at $44,000 after acquiring an additional 2,647 shares during the period. Canada Pension Plan Investment Board grew its stake in Amplitude by 255.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company's stock valued at $75,000 after acquiring an additional 5,100 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings 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 period. Finally, Meros Investment Management LP purchased a new stake in Amplitude in the 4th quarter worth approximately $102,000. 73.20% of the stock is owned by 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.