Amplitude’s (AMPL) “Sell (E+)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their sell (e+) rating on shares of Amplitude (NASDAQ:AMPL) in a research note issued to investors on Friday morning,Weiss Ratings reports.

Other analysts have also issued research reports about the company. Needham & Company LLC raised their target price on Amplitude from $16.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, August 7th. DA Davidson reissued a “buy” rating and set a $16.00 price objective on shares of Amplitude in a report on Monday, September 29th. Wall Street Zen lowered Amplitude from a “buy” rating to a “hold” rating in a report on Sunday, July 20th. Piper Sandler lifted their price objective on Amplitude from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Finally, Benchmark reissued a “buy” rating on shares of Amplitude in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.20.

Amplitude Stock Up 1.6%

AMPL opened at $10.14 on Friday. The firm has a market capitalization of $1.04 billion, a P/E ratio of -13.34 and a beta of 1.52. The stock’s 50 day moving average price is $10.88 and its two-hundred day moving average price is $11.27. Amplitude has a 12-month low of $7.55 and a 12-month high of $14.88.

Amplitude (NASDAQ:AMPL) last released its earnings results on Wednesday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $83.27 million for the quarter, compared to analyst estimates of $81.29 million. Amplitude had a negative return on equity of 33.08% and a negative net margin of 30.43%.The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. As a group, analysts anticipate that Amplitude will post -0.62 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Erica Schultz sold 10,000 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $10.12, for a total value of $101,200.00. Following the sale, the director owned 107,406 shares of the company’s stock, valued at $1,086,948.72. The trade was a 8.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 27,500 shares of company stock valued at $297,750. 23.83% of the stock is owned by insiders.

Institutional Trading of Amplitude

Several institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue acquired a new stake in Amplitude in the 3rd quarter valued at $48,000. SG Americas Securities LLC raised its position in Amplitude by 107.5% in the 3rd quarter. SG Americas Securities LLC now owns 48,717 shares of the company’s stock valued at $522,000 after purchasing an additional 25,236 shares during the last quarter. KLP Kapitalforvaltning AS raised its position in Amplitude by 53.1% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 24,800 shares of the company’s stock valued at $266,000 after purchasing an additional 8,600 shares during the last quarter. Blue Trust Inc. raised its position in Amplitude by 3.9% in the 3rd quarter. Blue Trust Inc. now owns 34,092 shares of the company’s stock valued at $365,000 after purchasing an additional 1,265 shares during the last quarter. Finally, CWM LLC raised its position in Amplitude by 131.9% in the 3rd quarter. CWM LLC now owns 37,779 shares of the company’s stock valued at $405,000 after purchasing an additional 21,488 shares during the last quarter. Institutional investors and hedge funds 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.