FY2024 Earnings Forecast for Amplitude Issued By DA Davidson

Amplitude, Inc. (NASDAQ:AMPL) – Research analysts at DA Davidson dropped their FY2024 EPS estimates for Amplitude in a research report issued on Monday, November 11th. DA Davidson analyst G. Luria now forecasts that the company will post earnings per share of ($0.67) for the year, down from their prior forecast of ($0.64). The consensus estimate for Amplitude’s current full-year earnings is ($0.66) per share. DA Davidson also issued estimates for Amplitude’s Q4 2024 earnings at ($0.18) EPS.

AMPL has been the subject of several other research reports. UBS Group decreased their price objective on Amplitude from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Robert W. Baird raised their price target on Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Scotiabank upped their price objective on Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. Finally, Piper Sandler raised their target price on shares of Amplitude from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $11.00.

Amplitude Trading Down 1.8 %

Shares of AMPL opened at $10.07 on Wednesday. The stock has a market capitalization of $952.52 million, a price-to-earnings ratio of -15.03 and a beta of 1.31. Amplitude has a 12 month low of $7.37 and a 12 month high of $14.42. The firm has a fifty day simple moving average of $9.05 and a 200 day simple moving average of $8.85.

Institutional Investors Weigh In On Amplitude

Institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its stake in Amplitude by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,984 shares of the company’s stock valued at $141,000 after purchasing an additional 1,099 shares during the period. ProShare Advisors LLC boosted its position in shares of Amplitude by 10.2% in the first quarter. ProShare Advisors LLC now owns 12,356 shares of the company’s stock valued at $134,000 after acquiring an additional 1,145 shares during the period. Blue Trust Inc. grew its stake in shares of Amplitude by 13.5% in the third quarter. Blue Trust Inc. now owns 19,518 shares of the company’s stock valued at $174,000 after acquiring an additional 2,324 shares in the last quarter. Arizona State Retirement System increased its position in Amplitude by 14.4% during the second quarter. Arizona State Retirement System now owns 21,037 shares of the company’s stock worth $187,000 after acquiring an additional 2,642 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in Amplitude in the 1st quarter worth about $32,000. Institutional investors own 73.20% of the company’s stock.

Insider Transactions at Amplitude

In related news, Director Eric Vishria sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $10.18, for a total value of $254,500.00. Following the transaction, the director now owns 286,208 shares in the company, valued at approximately $2,913,597.44. This represents a 8.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.80% of the stock is currently owned by corporate insiders.

About Amplitude

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.