Amplitude, Inc. (NASDAQ:AMPL) Receives $10.33 Average Price Target from Brokerages

Shares of Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $10.33.

AMPL has been the subject of a number of recent analyst reports. Piper Sandler lowered their price target on Amplitude from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Friday, July 12th. Robert W. Baird lowered their price target on Amplitude from $12.00 to $10.00 and set a "neutral" rating for the company in a research report on Friday, August 9th. Finally, UBS Group reduced their target price on Amplitude from $11.00 to $9.00 and set a "neutral" rating on the stock in a report on Friday, August 9th.

Amplitude Stock Up 2.6 %

Shares of NASDAQ AMPL traded up $0.23 during midday trading on Tuesday, reaching $9.24. The company had a trading volume of 188,718 shares, compared to its average volume of 518,380. The firm's fifty day moving average price is $8.81 and its 200-day moving average price is $8.83. The stock has a market cap of $1.13 billion, a PE ratio of -12.66 and a beta of 1.33. Amplitude has a one year low of $7.37 and a one year high of $14.42.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Horrell Capital Management Inc. purchased a new stake in shares of Amplitude in the 3rd quarter worth approximately $1,597,000. Allspring Global Investments Holdings LLC grew its stake in shares of Amplitude by 418.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 66,592 shares of the company's stock worth $597,000 after buying an additional 53,741 shares during the last quarter. Blue Trust Inc. grew its stake in shares of 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 buying an additional 2,324 shares during the last quarter. Creative Planning grew its stake in shares of Amplitude by 152.4% in the 3rd quarter. Creative Planning now owns 26,166 shares of the company's stock worth $235,000 after buying an additional 15,800 shares during the last quarter. Finally, Inspire Investing LLC grew its stake in shares of Amplitude by 16.3% in the 3rd quarter. Inspire Investing LLC now owns 46,088 shares of the company's stock worth $413,000 after buying an additional 6,464 shares during the last quarter. Hedge funds and other institutional investors own 73.20% of the company's stock.

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.