Amplitude (NASDAQ:AMPL) Research Coverage Started at Needham & Company LLC

Needham & Company LLC initiated coverage on shares of Amplitude (NASDAQ:AMPL) in a research note issued to investors on Monday morning, Marketbeat reports. The brokerage issued a buy rating and a $16.00 price objective on the stock.

AMPL has been the topic of several other research reports. UBS Group upped their price objective on shares of Amplitude from $10.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Piper Sandler upped their price objective on shares of Amplitude from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Bank of America upped their price objective on shares of Amplitude from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Scotiabank upped their price objective on shares of Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Finally, Robert W. Baird upgraded shares of Amplitude from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $12.00 to $17.00 in a research note on Thursday, February 20th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Amplitude presently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Amplitude Price Performance

AMPL stock opened at $12.76 on Monday. Amplitude has a 52-week low of $7.37 and a 52-week high of $14.88. The company’s 50 day simple moving average is $11.71 and its 200-day simple moving average is $10.33. The firm has a market capitalization of $1.65 billion, a P/E ratio of -16.57 and a beta of 1.37.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings results on Wednesday, February 19th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.27). Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. The firm had revenue of $78.13 million for the quarter, compared to analyst estimates of $76.68 million. Sell-side analysts predict that Amplitude will post -0.62 EPS for the current fiscal year.

Insider Buying and Selling

In other Amplitude news, Director Eric Vishria sold 35,000 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $12.80, for a total value of $448,000.00. Following the completion of the sale, the director now directly owns 286,859 shares of the company’s stock, valued at $3,671,795.20. This represents a 10.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders sold 45,000 shares of company stock valued at $568,129. Company insiders own 4.80% of the company’s stock.

Institutional Trading of Amplitude

A number of hedge funds have recently bought and sold shares of the stock. Occudo Quantitative Strategies LP lifted its holdings in shares of Amplitude by 2.1% during the 4th quarter. Occudo Quantitative Strategies LP now owns 41,365 shares of the company’s stock worth $436,000 after acquiring an additional 832 shares during the period. Rhumbline Advisers lifted its holdings in shares of Amplitude by 1.0% during the 4th quarter. Rhumbline Advisers now owns 101,954 shares of the company’s stock worth $1,076,000 after acquiring an additional 1,040 shares during the period. Summit Investment Advisors Inc. lifted its holdings in shares of Amplitude by 22.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company’s stock worth $86,000 after acquiring an additional 1,492 shares during the period. Legal & General Group Plc lifted its holdings in shares of Amplitude by 2.6% during the 4th quarter. Legal & General Group Plc now owns 82,998 shares of the company’s stock worth $876,000 after acquiring an additional 2,111 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Amplitude by 6.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,361 shares of the company’s stock worth $468,000 after acquiring an additional 2,512 shares during the period. 73.20% of the stock is owned by institutional investors.

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.