DA Davidson Issues Positive Forecast for Amplitude Earnings

Amplitude, Inc. (NASDAQ:AMPL) – Research analysts at DA Davidson boosted their FY2025 earnings per share estimates for Amplitude in a research note issued to investors on Monday, November 11th. DA Davidson analyst G. Luria now expects that the company will post earnings per share of ($0.57) for the year, up from their previous estimate of ($0.58). The consensus estimate for Amplitude’s current full-year earnings is ($0.66) per share.

Several other equities research analysts have also recently issued reports on AMPL. UBS Group decreased their price target on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Robert W. Baird raised their target price on shares of Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Piper Sandler boosted their price target on Amplitude from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Scotiabank raised their price objective on Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.00.

Amplitude Stock Down 4.8 %

AMPL opened at $9.59 on Thursday. The business’s fifty day simple moving average is $9.07 and its 200 day simple moving average is $8.84. Amplitude has a 52 week low of $7.37 and a 52 week high of $14.42. The firm has a market cap of $907.13 million, a P/E ratio of -14.31 and a beta of 1.31.

Insider Buying and Selling

In other Amplitude news, Director Eric Vishria sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $10.18, for a total transaction of $254,500.00. Following the completion of the sale, the director now owns 286,208 shares of the company’s stock, valued at approximately $2,913,597.44. The trade was a 8.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amplitude

Several hedge funds and other institutional investors have recently modified their holdings of the company. Headlands Technologies LLC acquired a new stake in Amplitude during the 1st quarter worth approximately $32,000. Quest Partners LLC purchased a new stake in Amplitude during the second quarter worth approximately $41,000. Russell Investments Group Ltd. purchased a new stake in Amplitude during the first quarter worth approximately $45,000. Principal Financial Group Inc. acquired a new stake in shares of Amplitude in the second quarter worth $92,000. Finally, MQS Management LLC purchased a new position in shares of Amplitude in the 1st quarter valued at $120,000. 73.20% of the stock is owned by institutional investors and hedge funds.

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.