Amplitude (AMPL) to Release Earnings on Thursday

Amplitude (NASDAQ:AMPL) is scheduled to announce its earnings results after the market closes on Thursday, May 9th. Individual interested in listening to the company’s earnings conference call can do so using this link.

Amplitude (NASDAQ:AMPL) last issued its earnings results on Tuesday, February 20th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01). Amplitude had a negative net margin of 32.71% and a negative return on equity of 27.73%. The company had revenue of $71.40 million during the quarter, compared to analyst estimates of $71.56 million. On average, analysts expect Amplitude to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Amplitude Price Performance

Shares of NASDAQ:AMPL opened at $10.00 on Wednesday. Amplitude has a 12 month low of $8.50 and a 12 month high of $14.42. The firm has a market capitalization of $1.20 billion, a P/E ratio of -12.95 and a beta of 1.36. The company’s fifty day moving average price is $10.60 and its 200 day moving average price is $11.51.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMPL. KeyCorp assumed coverage on Amplitude in a report on Thursday, March 21st. They set a “sector weight” rating on the stock. Citigroup dropped their target price on Amplitude from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, February 21st. Piper Sandler reaffirmed a “neutral” rating and set a $11.00 price target on shares of Amplitude in a report on Wednesday, February 21st. Morgan Stanley dropped their price objective on shares of Amplitude from $12.00 to $10.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 17th. Finally, Scotiabank downgraded shares of Amplitude from a “sector outperform” rating to a “sector perform” rating and set a $12.00 price objective for the company. in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, Amplitude has a consensus rating of “Hold” and a consensus target price of $11.50.

Insiders Place Their Bets

In other news, Director Catherine Wong sold 3,515 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $11.97, for a total value of $42,074.55. Following the completion of the transaction, the director now owns 86,335 shares in the company, valued at approximately $1,033,429.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 28.71% 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.