Amplitude (NASDAQ:AMPL) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Amplitude (NASDAQ:AMPL - Free Report) had its target price raised by Robert W. Baird from $10.00 to $12.00 in a research note released on Friday,Benzinga reports. They currently have a neutral rating on the stock.

AMPL has been the subject of a number of other research reports. Scotiabank upped their target price on Amplitude from $10.00 to $12.00 and gave the stock a "sector perform" rating in a report on Friday. UBS Group lowered their target price on Amplitude from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Friday, August 9th. Finally, Piper Sandler upped their target price on Amplitude from $9.00 to $11.00 and gave the stock a "neutral" rating in a report on Friday. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $11.00.

Amplitude Trading Down 5.7 %

Shares of NASDAQ AMPL traded down $0.60 during trading hours on Friday, reaching $9.89. The stock had a trading volume of 1,129,310 shares, compared to its average volume of 519,971. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -15.43 and a beta of 1.31. The business's fifty day moving average price is $8.91 and its two-hundred day moving average price is $8.84. Amplitude has a 52-week low of $7.37 and a 52-week high of $14.42.

Amplitude (NASDAQ:AMPL - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.18). The company had revenue of $73.30 million for the quarter, compared to analysts' expectations of $71.98 million. Amplitude had a negative return on equity of 27.58% and a negative net margin of 28.19%. The firm's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.17) EPS. Equities research analysts anticipate that Amplitude will post -0.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Amplitude

Several hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Amplitude by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,984 shares of the company's stock worth $141,000 after acquiring an additional 1,099 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Amplitude by 10.2% during the 1st quarter. ProShare Advisors LLC now owns 12,356 shares of the company's stock worth $134,000 after acquiring an additional 1,145 shares in the last quarter. Blue Trust Inc. lifted its stake in Amplitude by 13.5% in the 3rd quarter. Blue Trust Inc. now owns 19,518 shares of the company's stock valued at $174,000 after buying an additional 2,324 shares in the last quarter. Arizona State Retirement System lifted its stake in Amplitude by 14.4% in the 2nd quarter. Arizona State Retirement System now owns 21,037 shares of the company's stock valued at $187,000 after buying an additional 2,642 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Amplitude in the 1st quarter valued at about $32,000. 73.20% of the stock is owned by hedge funds and other 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.