Amplitude (NASDAQ:AMPL) Trading Down 2.3%

Shares of Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) dropped 2.3% during trading on Monday . The company traded as low as $8.36 and last traded at $8.38. Approximately 45,482 shares changed hands during trading, a decline of 92% from the average daily volume of 551,385 shares. The stock had previously closed at $8.58.

Wall Street Analyst Weigh In

AMPL has been the subject of a number of research analyst reports. Piper Sandler cut their price target on Amplitude from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Friday, July 12th. UBS Group cut their price target on Amplitude from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Friday, August 9th. Robert W. Baird cut their price target on Amplitude from $12.00 to $10.00 and set a "neutral" rating for the company in a report on Friday, August 9th. Finally, Morgan Stanley cut their price target on Amplitude from $10.00 to $9.00 and set an "underweight" rating for the company in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $10.33.

Amplitude Stock Up 0.5 %

The firm has a market capitalization of $1.05 billion, a P/E ratio of -11.68 and a beta of 1.31. The business has a 50-day moving average price of $8.35 and a 200-day moving average price of $9.92.

Amplitude (NASDAQ:AMPL - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.18). The firm 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 30.28% and a negative return on equity of 26.15%. The business's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.17) earnings per share. As a group, sell-side analysts forecast that Amplitude, Inc. will post -0.62 EPS for the current year.

Institutional Trading of Amplitude

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Amplitude by 3.4% in the first quarter. Vanguard Group Inc. now owns 8,107,888 shares of the company's stock valued at $88,214,000 after acquiring an additional 264,477 shares during the period. Sunriver Management LLC grew its position in Amplitude by 28.2% in the fourth quarter. Sunriver Management LLC now owns 2,242,883 shares of the company's stock valued at $28,529,000 after acquiring an additional 493,046 shares during the period. Optimus Prime Fund Management Co. Ltd. grew its position in Amplitude by 14.3% in the fourth quarter. Optimus Prime Fund Management Co. Ltd. now owns 1,515,100 shares of the company's stock valued at $19,272,000 after acquiring an additional 190,000 shares during the period. Janus Henderson Group PLC boosted its stake in Amplitude by 3,607.6% in the first quarter. Janus Henderson Group PLC now owns 859,723 shares of the company's stock worth $9,353,000 after purchasing an additional 836,535 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Amplitude by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 556,755 shares of the company's stock worth $7,082,000 after purchasing an additional 24,899 shares in the last quarter. 73.20% of the stock is currently 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.