FY2024 Earnings Forecast for Amplitude Issued By Scotiabank

Amplitude, Inc. (NASDAQ:AMPL - Free Report) - Equities researchers at Scotiabank issued their FY2024 earnings per share estimates for shares of Amplitude in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst N. Altmann forecasts that the company will post earnings per share of ($0.67) for the year. Scotiabank currently has a "Sector Perform" rating and a $12.00 price objective on the stock. The consensus estimate for Amplitude's current full-year earnings is ($0.67) per share. Scotiabank also issued estimates for Amplitude's FY2025 earnings at ($0.58) EPS.

AMPL has been the subject of a number of other research reports. Piper Sandler raised shares of Amplitude from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $11.00 to $15.00 in a report on Monday. Robert W. Baird raised their target price on shares of Amplitude from $10.00 to $12.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Finally, KeyCorp raised shares of Amplitude from a "sector weight" rating to an "overweight" rating and set a $15.00 target price on the stock in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $12.14.

Amplitude Price Performance

Shares of AMPL stock traded down $0.46 on Friday, hitting $10.21. 323,786 shares of the company's stock were exchanged, compared to its average volume of 323,648. The company has a 50 day moving average of $10.68 and a 200 day moving average of $9.33. The stock has a market cap of $965.77 million, a P/E ratio of -15.24 and a beta of 1.34. Amplitude has a 12 month low of $7.37 and a 12 month high of $14.42.

Insider Transactions at Amplitude

In other Amplitude news, Director Eric Vishria sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $10.18, for a total transaction of $254,500.00. Following the completion of the sale, the director now owns 286,208 shares of the company's stock, valued at approximately $2,913,597.44. This represents a 8.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amplitude

A number of institutional investors have recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in Amplitude by 13.5% in the third quarter. Blue Trust Inc. now owns 19,518 shares of the company's stock valued at $174,000 after buying an additional 2,324 shares during the period. Arizona State Retirement System raised its position in shares of 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 acquiring an additional 2,642 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Amplitude by 19.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,146 shares of the company's stock valued at $199,000 after purchasing an additional 3,552 shares during the period. Quantbot Technologies LP boosted its position in shares of Amplitude by 21.5% during the 3rd quarter. Quantbot Technologies LP now owns 24,390 shares of the company's stock valued at $219,000 after purchasing an additional 4,309 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in Amplitude during the second quarter worth approximately $41,000. 73.20% of the stock is 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.