FY2024 Earnings Estimate for Amplitude Issued By DA Davidson

Amplitude, Inc. (NASDAQ:AMPL) – Analysts at DA Davidson issued their FY2024 earnings per share (EPS) estimates for shares of Amplitude in a note issued to investors on Monday, February 10th. DA Davidson analyst C. Wright expects that the company will post earnings of ($0.68) per share for the year. DA Davidson has a “Hold” rating on the stock. The consensus estimate for Amplitude’s current full-year earnings is ($0.67) per share. DA Davidson also issued estimates for Amplitude’s Q4 2024 earnings at ($0.21) EPS and FY2025 earnings at ($0.59) EPS.

Other equities research analysts also recently issued research reports about the stock. KeyCorp raised shares of Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 target price for the company in a research report on Friday, December 13th. Morgan Stanley raised Amplitude from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $10.00 to $11.00 in a report on Monday, January 13th. Scotiabank increased their target price on Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Piper Sandler upgraded Amplitude from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $11.00 to $15.00 in a research note on Monday, January 6th. Finally, Robert W. Baird increased their price objective on shares of Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $12.43.

Amplitude Trading Down 0.8 %

Shares of AMPL stock opened at $12.35 on Thursday. The company has a 50 day moving average price of $11.32 and a 200-day moving average price of $9.87. Amplitude has a 52 week low of $7.37 and a 52 week high of $14.40.

Insider Transactions at Amplitude

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

Hedge Funds Weigh In On Amplitude

Hedge funds have recently modified their holdings of the company. Rhumbline Advisers raised its position in shares of Amplitude by 1.0% during the 4th quarter. Rhumbline Advisers now owns 101,954 shares of the company’s stock valued at $1,076,000 after purchasing an additional 1,040 shares during the period. Blue Trust Inc. raised its holdings in Amplitude by 13.5% during 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 during the period. Swiss National Bank lifted its position in shares of Amplitude by 2.3% in the fourth quarter. Swiss National Bank now owns 151,200 shares of the company’s stock valued at $1,595,000 after acquiring an additional 3,400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Amplitude by 19.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,146 shares of the company’s stock worth $199,000 after acquiring an additional 3,552 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of Amplitude during the fourth quarter worth about $38,000. 73.20% of the stock is currently owned by institutional investors.

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.