Amplitude (NASDAQ:AMPL – Get Rating) was downgraded by UBS Group from a "buy" rating to a "neutral" rating in a research note issued on Wednesday, MarketBeat Ratings reports. They currently have a $14.00 target price on the stock, down from their previous target price of $20.00. UBS Group's price target suggests a potential upside of 12.18% from the company's previous close.
Several other equities analysts also recently commented on AMPL. Piper Sandler cut their target price on Amplitude from $21.00 to $20.00 and set an "overweight" rating for the company in a research report on Thursday, November 3rd. Robert W. Baird lowered their target price on shares of Amplitude from $20.00 to $14.00 and set a "neutral" rating on the stock in a report on Wednesday, December 21st. Morgan Stanley lowered their target price on shares of Amplitude from $17.00 to $16.00 and set an "equal weight" rating on the stock in a report on Monday, December 19th. William Blair restated an "outperform" rating on shares of Amplitude in a research report on Thursday, December 8th. Finally, Bank of America upgraded Amplitude from a "neutral" rating to a "buy" rating and set a $20.00 price objective for the company in a report on Wednesday, January 4th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $17.88.
Get
Amplitude alerts:
Amplitude Trading Down 0.7 %
Shares of NASDAQ:AMPL opened at $12.48 on Wednesday. Amplitude has a 1-year low of $10.51 and a 1-year high of $46.78. The firm has a market capitalization of $1.41 billion, a PE ratio of -14.66 and a beta of 1.17. The business's 50 day moving average is $13.06 and its 200-day moving average is $14.89.
Amplitude (NASDAQ:AMPL – Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.21) by $0.01. The company had revenue of $61.61 million during the quarter, compared to analysts' expectations of $60.19 million. Amplitude had a negative net
margin of 41.05% and a negative return on equity of 25.09%. The business's revenue was up 35.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.51) EPS. On average, sell-side analysts predict that Amplitude will post -0.81 EPS for the current year.
Insiders Place Their Bets
In other news, CAO Ninos Sarkis sold 1,976 shares of the business's stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $13.86, for a total value of $27,387.36. Following the sale, the chief accounting officer now directly owns 54,116 shares in the company, valued at $750,047.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Amplitude news, CAO Ninos Sarkis sold 1,976 shares of the business's stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $13.86, for a total value of $27,387.36. Following the sale, the chief accounting officer now owns 54,116 shares in the company, valued at approximately $750,047.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas Neergaard Hansen sold 19,638 shares of Amplitude stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $12.17, for a total transaction of $238,994.46. Following the completion of the sale, the president now owns 967,394 shares in the company, valued at $11,773,184.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,129 shares of company stock worth $314,889. Corporate insiders own 45.39% of the company's stock.
Institutional Trading of Amplitude
Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its stake in Amplitude by 1,972.5% in the first quarter. Bank of New York Mellon Corp now owns 552,868 shares of the company's stock valued at $10,190,000 after purchasing an additional 526,191 shares in the last quarter. US Bancorp DE bought a new stake in Amplitude during the first quarter worth $28,000. BlackRock Inc. lifted its stake in Amplitude by 0.7% in the first quarter. BlackRock Inc. now owns 385,306 shares of the company's stock valued at $7,101,000 after acquiring an additional 2,700 shares during the last quarter. Blair William & Co. IL grew its position in shares of Amplitude by 44.3% in the 1st quarter. Blair William & Co. IL now owns 29,941 shares of the company's stock valued at $552,000 after acquiring an additional 9,195 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Amplitude by 32.1% during the 1st quarter. Vanguard Group Inc. now owns 3,922,497 shares of the company's stock worth $72,291,000 after purchasing an additional 952,406 shares during the last quarter. Institutional investors and hedge funds own 40.90% of the company's stock.
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 every user based on behavior; Amplitude Experiment, an integrated solution that enables teams to determine and deliver the 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.
Read More
- Get a free copy of the StockNews.com research report on Amplitude (AMPL)
- Optimism About Global Demand For Metals Boosts BHP, Other Miners
- Exxon Mobil Expects Earnings and Cash Flow to Grow
- Sorrento Therapeutics, Scilex: 2 Hot Pharma Stocks On the Move
- Is The Great Alibaba Recovery About To Begin?
- KB Home, Another Reason To Shed Home Building Stocks
Receive News & Ratings for Amplitude Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amplitude and related companies with MarketBeat.com's FREE daily email newsletter.
