Horrell Capital Management Inc. Invests $1.60 Million in Amplitude, Inc. (NASDAQ:AMPL)

Horrell Capital Management Inc. purchased a new position in shares of Amplitude, Inc. (NASDAQ:AMPL - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 178,000 shares of the company's stock, valued at approximately $1,597,000. Horrell Capital Management Inc. owned approximately 0.15% of Amplitude as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Amplitude by 3.4% in the 1st 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 in the last quarter. Janus Henderson Group PLC increased its stake in Amplitude by 3,607.6% in the 1st quarter. Janus Henderson Group PLC now owns 859,723 shares of the company's stock valued at $9,353,000 after buying an additional 836,535 shares during the last quarter. Renaissance Technologies LLC increased its stake in Amplitude by 19.5% in the 2nd quarter. Renaissance Technologies LLC now owns 413,100 shares of the company's stock valued at $3,677,000 after buying an additional 67,500 shares during the last quarter. TD Asset Management Inc increased its stake in Amplitude by 24.2% in the 2nd quarter. TD Asset Management Inc now owns 224,818 shares of the company's stock valued at $2,001,000 after buying an additional 43,780 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in Amplitude by 918.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 194,010 shares of the company's stock valued at $2,111,000 after buying an additional 174,967 shares during the last quarter. 73.20% of the stock is owned by institutional investors.

Amplitude Stock Performance

AMPL traded up $0.23 on Tuesday, reaching $9.24. The company had a trading volume of 188,718 shares, compared to its average volume of 518,380. Amplitude, Inc. has a fifty-two week low of $7.37 and a fifty-two week high of $14.42. The stock has a market cap of $1.13 billion, a P/E ratio of -12.34 and a beta of 1.33. The company's fifty day moving average is $8.80 and its 200 day moving average is $8.83.

Amplitude (NASDAQ:AMPL - Get Free Report) last announced 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). Amplitude had a negative net margin of 28.19% and a negative return on equity of 27.58%. The company had revenue of $73.30 million during the quarter, compared to analyst estimates of $71.98 million. During the same quarter last year, the company posted ($0.17) EPS. The firm's quarterly revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts expect that Amplitude, Inc. will post -0.65 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Piper Sandler lowered their price target on shares of Amplitude from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Friday, July 12th. Robert W. Baird lowered their price target on shares of Amplitude from $12.00 to $10.00 and set a "neutral" rating on the stock in a research note on Friday, August 9th. Finally, UBS Group lowered their price target on shares of Amplitude from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $10.33.

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.