DA Davidson Forecasts Amplitude FY2024 Earnings

Amplitude, Inc. (NASDAQ:AMPL) – Research analysts at DA Davidson issued their FY2024 earnings estimates for Amplitude in a note issued to investors on Monday, February 10th. DA Davidson analyst C. Wright expects that the company will post earnings per share of ($0.68) 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.

A number of other brokerages have also commented on AMPL. KeyCorp raised 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. Scotiabank increased their target price on Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. Piper Sandler upgraded shares of Amplitude from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $11.00 to $15.00 in a research report on Monday, January 6th. Robert W. Baird increased their price objective on shares of Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Morgan Stanley raised shares of 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 research note on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Amplitude presently has a consensus rating of “Hold” and an average price target of $12.43.

Amplitude Price Performance

AMPL opened at $12.35 on Thursday. The firm has a 50-day simple moving average of $11.32 and a two-hundred day simple moving average 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 company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $12.00, for a total transaction of $42,756.00. Following the transaction, the director now directly owns 276,208 shares in the company, valued at approximately $3,314,496. This represents a 1.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AMPL. ArrowMark Colorado Holdings LLC lifted its stake in shares of Amplitude by 56.6% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,482,738 shares of the company’s stock worth $13,300,000 after acquiring an additional 535,624 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Amplitude by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 9,189,698 shares of the company’s stock worth $96,951,000 after purchasing an additional 447,277 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Amplitude by 524.9% during the third quarter. Cerity Partners LLC now owns 460,624 shares of the company’s stock valued at $4,132,000 after purchasing an additional 386,915 shares during the period. Monimus Capital Management LP bought a new position in shares of Amplitude in the fourth quarter worth about $3,630,000. Finally, JPMorgan Chase & Co. lifted its holdings in Amplitude by 265.5% during the 4th quarter. JPMorgan Chase & Co. now owns 307,225 shares of the company’s stock valued at $3,241,000 after buying an additional 223,175 shares in the last quarter. Hedge funds and other 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.