DA Davidson Brokers Reduce Earnings Estimates for Amplitude

Amplitude, Inc. (NASDAQ:AMPL) – Equities research analysts at DA Davidson decreased their FY2024 EPS estimates for Amplitude in a research report issued on Monday, November 11th. DA Davidson analyst G. Luria now expects that the company will earn ($0.67) per share for the year, down from their prior estimate of ($0.64). The consensus estimate for Amplitude’s current full-year earnings is ($0.65) per share. DA Davidson also issued estimates for Amplitude’s Q4 2024 earnings at ($0.18) EPS.

A number of other research analysts have also commented on AMPL. UBS Group decreased their price objective on Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Piper Sandler raised their price target on Amplitude from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Scotiabank lifted their price objective on Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. Finally, Robert W. Baird upped 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. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, Amplitude presently has an average rating of “Hold” and a consensus price target of $11.00.

Amplitude Price Performance

Shares of Amplitude stock opened at $10.50 on Wednesday. The firm has a 50 day simple moving average of $8.99 and a 200 day simple moving average of $8.83. Amplitude has a fifty-two week low of $7.37 and a fifty-two week high of $14.42. The firm has a market cap of $1.30 billion, a P/E ratio of -15.67 and a beta of 1.31.

Institutional Investors Weigh In On Amplitude

A number of institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its stake in Amplitude by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,984 shares of the company’s stock valued at $141,000 after buying an additional 1,099 shares during the period. Swiss National Bank raised its position in shares of Amplitude by 7.5% in the 1st quarter. Swiss National Bank now owns 132,100 shares of the company’s stock valued at $1,437,000 after acquiring an additional 9,200 shares during the period. Inspire Investing LLC acquired a new stake in shares of Amplitude in the 1st quarter valued at approximately $358,000. Headlands Technologies LLC bought a new position in Amplitude during the 1st quarter worth approximately $32,000. Finally, Russell Investments Group Ltd. acquired a new position in Amplitude during the first quarter valued at approximately $45,000. 73.20% of the stock is owned by institutional investors and hedge funds.

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.