By otakuyassine3@gmail.com 
Amplitude (NASDAQ:AMPL – Get Free Report)‘s stock had its “buy” rating reaffirmed by DA Davidson in a research report issued on Tuesday,Benzinga reports. They currently have a $16.00 price target on the stock. DA Davidson’s price objective points to a potential upside of 32.12% from the company’s previous close.
A number of other equities analysts also recently issued reports on AMPL. Baird R W upgraded Amplitude from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 20th. Robert W. Baird upgraded Amplitude from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $12.00 to $17.00 in a research note on Thursday, February 20th. UBS Group lifted their price target on Amplitude from $10.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Morgan Stanley lifted their price target on Amplitude from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Thursday, February 20th. Finally, Citigroup lifted their price target on Amplitude from $11.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Amplitude has an average rating of “Moderate Buy” and a consensus price target of $15.00.
Check Out Our Latest Stock Analysis on AMPL
Amplitude Trading Up 0.8 %
AMPL stock opened at $12.11 on Tuesday. The stock has a 50-day moving average price of $11.86 and a 200-day moving average price of $10.45. Amplitude has a 1-year low of $7.37 and a 1-year high of $14.88. The firm has a market cap of $1.57 billion, a PE ratio of -15.73 and a beta of 1.35.
Amplitude (NASDAQ:AMPL – Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.27). The firm had revenue of $78.13 million during the quarter, compared to analyst estimates of $76.68 million. Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. On average, analysts forecast that Amplitude will post -0.62 earnings per share for the current year.
Insiders Place Their Bets
In other Amplitude news, Director Eric Vishria sold 35,000 shares of Amplitude 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 45,000 shares of company stock valued at $568,129 in the last 90 days. 4.80% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Amplitude
Several hedge funds have recently modified their holdings of AMPL. Headlands Technologies LLC bought a new position in shares of Amplitude during the 4th quarter worth approximately $38,000. Aquatic Capital Management LLC raised its holdings in shares of Amplitude by 176.5% in the 4th quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company’s stock worth $44,000 after purchasing an additional 2,647 shares during the period. Canada Pension Plan Investment Board raised its holdings 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 worth $75,000 after purchasing an additional 5,100 shares during the period. Summit Investment Advisors Inc. raised its holdings in shares of 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 bought a new stake in shares of Amplitude in the 4th quarter worth approximately $102,000. Institutional investors own 73.20% 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.
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