UBS Group Issues Positive Forecast for Amplitude (NASDAQ:AMPL) Stock Price

Amplitude (NASDAQ:AMPL) had its price target boosted by UBS Group from $10.00 to $13.00 in a report released on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

AMPL has been the topic of a number of other reports. Piper Sandler raised 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. Scotiabank raised their price target on shares of Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. KeyCorp upgraded Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price target for the company in a research note on Friday, December 13th. Morgan Stanley raised Amplitude from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $10.00 to $11.00 in a research note on Monday, January 13th. Finally, Robert W. Baird raised Amplitude from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $12.00 to $17.00 in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.67.

Amplitude Price Performance

Shares of Amplitude stock opened at $14.44 on Thursday. The business has a 50-day simple moving average of $11.46 and a 200 day simple moving average of $10.03. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of -21.55 and a beta of 1.37. Amplitude has a one year low of $7.37 and a one year high of $14.88.

Amplitude (NASDAQ:AMPL) last released its quarterly earnings data on Wednesday, February 19th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.27). Amplitude had a negative net margin of 27.44% and a negative return on equity of 27.40%. The firm had revenue of $78.13 million for the quarter, compared to the consensus estimate of $76.68 million. On average, sell-side analysts expect that Amplitude will post -0.67 EPS for the current year.

Insider Transactions at Amplitude

In related news, Director Eric Vishria sold 3,563 shares of Amplitude stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $12.00, for a total transaction of $42,756.00. Following the sale, the director now directly owns 276,208 shares in the company, valued at approximately $3,314,496. This trade represents a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC purchased a new position in shares of Amplitude in the 4th quarter worth about $38,000. Aquatic Capital Management LLC raised its position in Amplitude by 176.5% in the fourth quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company’s stock worth $44,000 after acquiring an additional 2,647 shares during the period. Canada Pension Plan Investment Board boosted its stake in Amplitude by 255.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company’s stock valued at $75,000 after acquiring an additional 5,100 shares during the last quarter. Summit Investment Advisors Inc. grew its position 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 valued at $86,000 after acquiring an additional 1,492 shares during the period. Finally, Meros Investment Management LP purchased a new stake in shares of Amplitude during the 4th quarter worth approximately $102,000. Institutional investors own 73.20% of the company’s stock.

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.