Amplitude, Inc. (NASDAQ:AMPL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Amplitude, Inc. (NASDAQ:AMPL – Get Rating) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $46.50.

Several equities analysts have recently issued reports on AMPL shares. Scotiabank started coverage on shares of Amplitude in a report on Wednesday, June 8th. They set an “outperform” rating and a $25.00 price target for the company. Citigroup lifted their price objective on shares of Amplitude from $34.00 to $35.00 in a research note on Thursday, May 5th. Piper Sandler began coverage on shares of Amplitude in a research note on Wednesday, May 18th. They set an “overweight” rating and a $25.00 price objective on the stock. Finally, KeyCorp cut their price objective on shares of Amplitude from $32.00 to $24.00 and set an “overweight” rating on the stock in a research note on Monday, April 25th.

A number of institutional investors have recently modified their holdings of the business. Mission Creek Capital Partners Inc. raised its position in Amplitude by 0.7% in the first quarter. Mission Creek Capital Partners Inc. now owns 164,507 shares of the company’s stock worth $3,032,000 after acquiring an additional 1,223 shares in the last quarter. Ieq Capital LLC raised its position in Amplitude by 2.6% in the first quarter. Ieq Capital LLC now owns 49,392 shares of the company’s stock worth $910,000 after acquiring an additional 1,233 shares in the last quarter. IFP Advisors Inc bought a new stake in Amplitude in the fourth quarter worth about $74,000. US Bancorp DE bought a new stake in Amplitude in the first quarter worth about $28,000. Finally, BlackRock Inc. raised its position in Amplitude by 0.7% in the first quarter. BlackRock Inc. now owns 385,306 shares of the company’s stock worth $7,101,000 after acquiring an additional 2,700 shares in the last quarter. Hedge funds and other institutional investors own 79.32% of the company’s stock.

Shares of AMPL opened at $14.75 on Friday. Amplitude has a 1 year low of $13.42 and a 1 year high of $87.98. The firm has a fifty day moving average of $16.92 and a 200-day moving average of $26.56.

Amplitude (NASDAQ:AMPL – Get Rating) last announced its quarterly earnings results on Wednesday, May 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.03. The firm had revenue of $53.10 million for the quarter, compared to analyst estimates of $50.84 million. During the same period last year, the firm posted ($0.13) EPS. The business’s revenue was up 60.4% compared to the same quarter last year. On average, analysts anticipate that Amplitude will post -0.87 earnings per share for the current year.

About Amplitude (Get Rating)

Amplitude, Inc provides a digital optimization system to analyze customer behavior within digital products in the United States and internationally. It offers Amplitude analytics for insights of customer behavior; Amplitude Recommend, a no-code personalization solution that helps to increase customer engagement by adapting digital products and campaigns to each user based on behavior; Amplitude Experiment, an integrated solution that enables teams to determine and deliver product experiences for their customers through A/B tests and controlled feature releases; Amplitude Behavioral Graph, a proprietary database for deep, real-time interactive behavioral analysis, and behavior-driven personalization – instantly joining, analyzing, and correlating any customer actions to outcomes, such as engagement, growth, and loyalty; and data management, a real-time data layer for planning, integrating, and managing data sources to create a foundation with identity resolution, enterprise-level security, and privacy solutions.

Further reading

Analyst Recommendations for Amplitude (NASDAQ:AMPL)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story [email protected]

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