Brokerages Set Amplitude, Inc. (NASDAQ:AMPL) Price Target at $14.40

Amplitude, Inc. (NASDAQ:AMPL) has earned an average rating of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $14.40.

A number of research analysts have recently weighed in on AMPL shares. Robert W. Baird raised their price target on Amplitude from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Friday, December 19th. BTIG Research assumed coverage on shares of Amplitude in a report on Tuesday, December 16th. They set a “buy” rating and a $14.00 target price for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Amplitude in a research report on Monday. UBS Group raised shares of Amplitude from a “neutral” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Friday, October 31st. Finally, Piper Sandler reiterated an “overweight” rating and issued a $16.00 price target on shares of Amplitude in a research report on Thursday, November 6th.

Amplitude Trading Down 0.7%

Shares of Amplitude stock opened at $11.75 on Friday. The company has a 50-day moving average of $10.66 and a two-hundred day moving average of $11.26. Amplitude has a 12-month low of $7.55 and a 12-month high of $14.88. The stock has a market cap of $1.57 billion, a PE ratio of -14.69 and a beta of 1.51.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Amplitude had a negative return on equity of 36.27% and a negative net margin of 31.36%.The business had revenue of $88.56 million for the quarter, compared to analysts’ expectations of $86.29 million. During the same quarter in the prior year, the firm posted $0.03 EPS. The company’s revenue was up 17.8% compared to the same quarter last year. On average, sell-side analysts forecast that Amplitude will post -0.62 EPS for the current fiscal year.

Insider Buying and Selling at Amplitude

In related news, Director Erica Schultz sold 10,000 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $10.88, for a total transaction of $108,800.00. Following the sale, the director owned 114,906 shares of the company’s stock, valued at $1,250,177.28. This trade represents a 8.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrew Casey acquired 30,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were bought at an average price of $9.99 per share, with a total value of $299,700.00. Following the transaction, the chief financial officer owned 1,160,608 shares in the company, valued at $11,594,473.92. This represents a 2.65% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have sold 472,843 shares of company stock worth $5,222,843. 4.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Amplitude

Hedge funds have recently modified their holdings of the company. Nuveen LLC purchased a new position in shares of Amplitude in the 1st quarter worth about $2,526,000. Squarepoint Ops LLC grew its stake in Amplitude by 932.3% during the second quarter. Squarepoint Ops LLC now owns 529,050 shares of the company’s stock worth $6,560,000 after buying an additional 477,801 shares during the period. Wilson Asset Management International PTY Ltd. purchased a new stake in Amplitude during the second quarter worth approximately $1,536,000. Invesco Ltd. lifted its holdings in shares of Amplitude by 123.3% during the 1st quarter. Invesco Ltd. now owns 52,603 shares of the company’s stock valued at $536,000 after acquiring an additional 29,046 shares in the last quarter. Finally, Kodai Capital Management LP acquired a new stake in Amplitude in the 1st quarter valued at $1,409,000. 73.20% of the stock is owned by institutional investors and hedge funds.

Amplitude Company Profile

Amplitude, Inc is a software company specializing in digital analytics and product intelligence solutions for businesses seeking to optimize user engagement and drive growth. Its core offering, the Amplitude Analytics platform, enables customers to collect and analyze behavioral data from web and mobile applications in real time. The platform provides advanced segmentation, funnel analysis, retention tracking and pathfinding tools that help product, marketing and data teams understand user journeys, identify friction points and measure the impact of new features.

Founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang, Amplitude is headquartered in Redwood City, California, with additional offices spanning North America, Europe and Asia.