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.
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