FY2024 Earnings Estimate for Amplitude Issued By DA Davidson

Amplitude, Inc. (NASDAQ:AMPL - Free Report) - Equities research analysts at DA Davidson lowered their FY2024 earnings per share estimates for shares of Amplitude in a research note issued to investors on Monday, November 11th. DA Davidson analyst G. Luria now expects that the company will post earnings per share of ($0.67) for the year, down from their prior estimate of ($0.64). The consensus estimate for Amplitude's current full-year earnings is ($0.66) per share. DA Davidson also issued estimates for Amplitude's Q4 2024 earnings at ($0.18) EPS.

Several other equities research analysts have also issued reports on AMPL. UBS Group dropped their price target on Amplitude from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Friday, August 9th. Scotiabank upped their price objective on Amplitude from $10.00 to $12.00 and gave the stock a "sector perform" rating in a research note on Friday, November 8th. Robert W. Baird upped their price objective on Amplitude from $10.00 to $12.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Finally, Piper Sandler increased their price target on Amplitude from $9.00 to $11.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, Amplitude currently has a consensus rating of "Hold" and a consensus price target of $11.00.

Amplitude Stock Performance

Shares of NASDAQ AMPL traded down $0.25 during midday trading on Wednesday, hitting $10.25. The stock had a trading volume of 346,902 shares, compared to its average volume of 519,261. Amplitude has a 1-year low of $7.37 and a 1-year high of $14.42. The company has a fifty day moving average price of $8.99 and a 200 day moving average price of $8.83.

Institutional Investors Weigh In On Amplitude

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