Amplitude (NASDAQ:AMPL) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Amplitude (NASDAQ:AMPL) had its target price hoisted by equities researchers at Morgan Stanley from $11.00 to $13.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price would indicate a potential downside of 1.79% from the company’s current price.

Other research analysts also recently issued reports about the company. KeyCorp raised Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price target on the stock in a research report on Friday, December 13th. Piper Sandler lifted their price target on Amplitude from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday. Scotiabank increased their price objective on Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. UBS Group raised their price target on shares of Amplitude from $10.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Robert W. Baird upgraded shares of Amplitude from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $12.00 to $17.00 in a research note on Thursday. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.67.

Amplitude Trading Up 11.7 %

NASDAQ AMPL traded up $1.39 during trading on Thursday, reaching $13.24. 1,371,306 shares of the company’s stock were exchanged, compared to its average volume of 507,872. The firm has a market capitalization of $1.25 billion, a PE ratio of -19.74 and a beta of 1.37. The company’s fifty day simple moving average is $11.40 and its 200-day simple moving average is $10.00. Amplitude has a fifty-two week low of $7.37 and a fifty-two week high of $14.88.

Amplitude (NASDAQ:AMPL) last announced its quarterly earnings results on Wednesday, February 19th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.27). The firm had revenue of $78.13 million for the quarter, compared to analyst estimates of $76.68 million. Amplitude had a negative net margin of 27.44% and a negative return on equity of 27.40%. Equities analysts forecast that Amplitude will post -0.67 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Eric Vishria sold 3,563 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was 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 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 filing with the SEC, which is available through this link. Insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Amplitude by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 9,189,698 shares of the company’s stock valued at $96,951,000 after acquiring an additional 447,277 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Amplitude by 9.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,996,229 shares of the company’s stock valued at $94,911,000 after purchasing an additional 770,227 shares during the last quarter. FMR LLC grew its position in shares of Amplitude by 0.8% during the 3rd quarter. FMR LLC now owns 8,056,003 shares of the company’s stock worth $72,262,000 after buying an additional 64,574 shares during the period. Sunriver Management LLC raised its stake in shares of Amplitude by 24.3% during the fourth quarter. Sunriver Management LLC now owns 3,772,808 shares of the company’s stock worth $39,803,000 after buying an additional 737,600 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Amplitude by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 1,955,564 shares of the company’s stock valued at $20,636,000 after buying an additional 52,033 shares during the period. 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.