Blue Trust Inc. Increases Stock Holdings in Amplitude, Inc. (NASDAQ:AMPL)

Blue Trust Inc. lifted its stake in shares of Amplitude, Inc. (NASDAQ:AMPL) by 13.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,518 shares of the company’s stock after buying an additional 2,324 shares during the period. Blue Trust Inc.’s holdings in Amplitude were worth $174,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AMPL. Headlands Technologies LLC purchased a new position in shares of Amplitude during the first quarter valued at approximately $32,000. Quest Partners LLC bought a new stake in Amplitude during the second quarter worth $41,000. Russell Investments Group Ltd. bought a new stake in Amplitude during the first quarter worth $45,000. Principal Financial Group Inc. bought a new stake in Amplitude during the second quarter worth $92,000. Finally, ANTIPODES PARTNERS Ltd bought a new stake in Amplitude during the first quarter worth $95,000. Hedge funds and other institutional investors own 73.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Piper Sandler dropped their price target on Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. UBS Group dropped their price target on Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, Robert W. Baird dropped their price target on Amplitude from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.33.

Amplitude Price Performance

Shares of AMPL opened at $9.11 on Friday. The firm has a market cap of $1.11 billion, a PE ratio of -12.48 and a beta of 1.33. The stock’s fifty day moving average price is $8.79 and its two-hundred day moving average price is $8.85. Amplitude, Inc. has a 1 year low of $7.37 and a 1 year high of $14.42.

Amplitude (NASDAQ:AMPL) last issued its earnings results on Thursday, August 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.18). The firm had revenue of $73.30 million during the quarter, compared to the consensus estimate of $71.98 million. Amplitude had a negative net margin of 28.19% and a negative return on equity of 27.58%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. Sell-side analysts anticipate that Amplitude, Inc. will post -0.65 earnings per share for the current fiscal year.

Amplitude 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.