Amplitude (AMPL) Scheduled to Post Quarterly Earnings on Thursday

Amplitude (NASDAQ:AMPL) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 9th. Investors that wish to listen to the company’s conference call can do so using this link.

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

Amplitude Trading Down 0.7 %

NASDAQ AMPL opened at $10.00 on Wednesday. Amplitude has a 1-year low of $8.50 and a 1-year high of $14.42. The company has a 50 day moving average of $10.60 and a 200-day moving average of $11.51. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of -12.95 and a beta of 1.36.

Analysts Set New Price Targets

Several analysts have recently commented on AMPL shares. Scotiabank cut Amplitude from a “sector outperform” rating to a “sector perform” rating and set a $12.00 target price on the stock. in a report on Wednesday, February 21st. Citigroup decreased their price target on shares of Amplitude from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note 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 for the company in a research report on Wednesday, April 17th. Piper Sandler reiterated a “neutral” rating and issued a $11.00 price objective on shares of Amplitude in a research report on Wednesday, February 21st. Finally, KeyCorp assumed coverage on Amplitude in a research report on Thursday, March 21st. They set a “sector weight” rating for the company. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $11.50.

Insider Buying and Selling at Amplitude

In related news, Director Catherine Wong sold 3,515 shares of Amplitude stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $11.97, for a total transaction of $42,074.55. Following the completion of the sale, the director now directly owns 86,335 shares of the company’s stock, valued at $1,033,429.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 28.71% 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.