Analysts Set Amplitude, Inc. (NASDAQ:AMPL) Price Target at $15.00

Shares of Amplitude, Inc. (NASDAQ:AMPL) have received an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $15.00.

Several research firms have recently issued reports on AMPL. Bank of America upped their price objective on shares of Amplitude from $14.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Citigroup upped their price target on shares of Amplitude from $11.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. KeyCorp upgraded shares of Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price objective for the company in a research note on Friday, December 13th. UBS Group boosted their price objective on shares of Amplitude from $10.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Finally, Piper Sandler raised their target price on Amplitude from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th.

Insider Buying and Selling at Amplitude

In other news, Director Eric Vishria sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $12.80, for a total transaction of $448,000.00. Following the sale, the director now owns 286,859 shares of the company’s stock, valued at $3,671,795.20. This trade represents a 10.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Amplitude

Large investors have recently made changes to their positions in the company. Headlands Technologies LLC purchased a new position in Amplitude in the fourth quarter valued at $38,000. Aquatic Capital Management LLC grew its position in shares of Amplitude by 176.5% during the 4th quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company’s stock valued at $44,000 after acquiring an additional 2,647 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of Amplitude by 255.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company’s stock valued at $75,000 after purchasing an additional 5,100 shares in the last quarter. Summit Investment Advisors Inc. raised its holdings in Amplitude by 22.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company’s stock worth $86,000 after purchasing an additional 1,492 shares during the period. Finally, Meros Investment Management LP purchased a new position in Amplitude during the fourth quarter worth approximately $102,000. 73.20% of the stock is currently owned by institutional investors and hedge funds.

Amplitude Trading Down 3.4 %

NASDAQ AMPL opened at $10.55 on Friday. The firm’s fifty day simple moving average is $12.08 and its two-hundred day simple moving average is $10.70. The firm has a market capitalization of $1.37 billion, a P/E ratio of -13.70 and a beta of 1.35. Amplitude has a 12-month low of $7.37 and a 12-month high of $14.88.

Amplitude (NASDAQ:AMPL) last announced its earnings results on Wednesday, February 19th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.27). Amplitude had a negative return on equity of 32.24% and a negative net margin of 31.52%. The business had revenue of $78.13 million for the quarter, compared to analysts’ expectations of $76.68 million. As a group, sell-side analysts predict that Amplitude will post -0.62 earnings per share for the current fiscal year.

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.