FY2025 Earnings Estimate for Amplitude Issued By DA Davidson

Amplitude, Inc. (NASDAQ:AMPL - Free Report) - DA Davidson decreased their FY2025 EPS estimates for shares of Amplitude in a report issued on Wednesday, December 18th. DA Davidson analyst G. Luria now anticipates that the company will earn ($0.59) per share for the year, down from their previous forecast of ($0.57). The consensus estimate for Amplitude's current full-year earnings is ($0.67) per share.

A number of other analysts have also recently commented on AMPL. KeyCorp upgraded Amplitude from a "sector weight" rating to an "overweight" rating and set a $15.00 price objective for the company in a research report on Friday, December 13th. Piper Sandler upped their price objective on shares of Amplitude from $9.00 to $11.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Scotiabank lifted their target price on shares of Amplitude from $10.00 to $12.00 and gave the company a "sector perform" rating in a research report on Friday, November 8th. Finally, Robert W. Baird boosted their target price on shares of Amplitude from $10.00 to $12.00 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, five have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Amplitude has an average rating of "Hold" and an average target price of $11.57.

Amplitude Stock Performance

Shares of Amplitude stock traded up $0.05 on Friday, hitting $11.01. The company's stock had a trading volume of 984,380 shares, compared to its average volume of 509,233. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -16.43 and a beta of 1.38. Amplitude has a 1 year low of $7.37 and a 1 year high of $14.42. The firm has a fifty day moving average price of $10.12 and a 200-day moving average price of $9.08.

Hedge Funds Weigh In On Amplitude

Hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. purchased a new position in Amplitude during the 2nd quarter worth $92,000. Rhumbline Advisers boosted its stake in shares of Amplitude by 14.5% during the second quarter. Rhumbline Advisers now owns 103,237 shares of the company's stock worth $919,000 after buying an additional 13,099 shares during the period. TD Asset Management Inc grew its holdings in shares of Amplitude by 24.2% during the second quarter. TD Asset Management Inc now owns 224,818 shares of the company's stock worth $2,001,000 after buying an additional 43,780 shares during the last quarter. Arizona State Retirement System raised its stake in Amplitude by 14.4% during the 2nd quarter. Arizona State Retirement System now owns 21,037 shares of the company's stock valued at $187,000 after acquiring an additional 2,642 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in Amplitude during the 2nd quarter valued at approximately $41,000. 73.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Amplitude news, Director Eric Vishria sold 6,437 shares of Amplitude stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $12.02, for a total transaction of $77,372.74. Following the transaction, the director now owns 279,771 shares of the company's stock, valued at $3,362,847.42. The trade was a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 4.80% of the stock is owned by company insiders.

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.