Amplitude, Inc. (NASDAQ:AMPL) Given Average Rating of “Reduce” by Analysts

Amplitude, Inc. (NASDAQ:AMPL) has been assigned a consensus recommendation of “Reduce” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $10.33.

AMPL has been the subject of several research reports. Robert W. Baird reduced their target price on Amplitude from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Morgan Stanley cut their price target on Amplitude from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Friday, May 10th. UBS Group cut their price target on Amplitude from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Finally, Piper Sandler cut their price target on Amplitude from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, July 12th.

Amplitude Price Performance

Shares of AMPL opened at $8.62 on Thursday. The stock has a 50-day moving average of $8.36 and a 200-day moving average of $9.89. The company has a market cap of $1.05 billion, a PE ratio of -11.81 and a beta of 1.31. Amplitude has a one year low of $7.37 and a one year high of $14.42.

Amplitude (NASDAQ:AMPL) last issued its earnings results on Thursday, August 8th. The company reported ($0.19) 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 analyst estimates of $71.98 million. Amplitude had a negative net margin of 30.28% and a negative return on equity of 26.15%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.17) earnings per share. Analysts expect that Amplitude will post -0.62 EPS for the current fiscal year.

Hedge Funds Weigh In On Amplitude

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Headlands Technologies LLC bought a new stake in shares of Amplitude in the 1st quarter worth approximately $32,000. Russell Investments Group Ltd. bought a new stake in shares of Amplitude in the 1st quarter worth approximately $45,000. Quest Partners LLC bought a new stake in shares of Amplitude in the 2nd quarter worth approximately $41,000. ANTIPODES PARTNERS Ltd bought a new stake in shares of Amplitude in the 1st quarter worth approximately $95,000. Finally, Principal Financial Group Inc. bought a new stake in shares of Amplitude in the 2nd quarter worth approximately $92,000. Hedge funds and other institutional investors own 73.20% of the company’s stock.

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.