Analysts Set Amplitude, Inc. (NASDAQ:AMPL) Price Target at $10.33

Amplitude, Inc. (NASDAQ:AMPL) has earned an average recommendation of “Reduce” from the seven analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $10.33.

AMPL has been the topic of a number of research reports. UBS Group decreased their target price 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. Robert W. Baird lowered their price target on shares of Amplitude from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Finally, Piper Sandler decreased their target price on Amplitude from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, July 12th.

Amplitude Price Performance

NASDAQ AMPL opened at $9.28 on Tuesday. The business has a fifty day moving average price of $8.84 and a two-hundred day moving average price of $8.82. The stock has a market capitalization of $1.15 billion, a PE ratio of -13.65 and a beta of 1.31. Amplitude has a fifty-two week low of $7.37 and a fifty-two week high of $14.42.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $73.30 million during the quarter, compared to analyst estimates of $71.98 million. During the same period last year, the business earned ($0.17) earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, sell-side analysts expect that Amplitude will post -0.65 earnings per share for the current year.

Institutional Trading of Amplitude

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Amplitude by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 7,843,411 shares of the company’s stock valued at $99,768,000 after buying an additional 105,616 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Amplitude by 19.5% during the 2nd quarter. Renaissance Technologies LLC now owns 413,100 shares of the company’s stock worth $3,677,000 after purchasing an additional 67,500 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Amplitude by 918.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 194,010 shares of the company’s stock valued at $2,111,000 after purchasing an additional 174,967 shares in the last quarter. Bessemer Group Inc. purchased a new position in shares of Amplitude during the first quarter valued at approximately $177,000. Finally, Inspire Investing LLC bought a new stake in Amplitude during the first quarter worth $358,000. Institutional investors and hedge funds 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.