According to Bloomberg.com, the eight research firms covering Amplitude, Inc. (NASDAQ: AMPL) have collectively assigned the company a rating of “Moderate Buy” as their average recommendation for the stock. You can determine this rating by looking at the stock symbol for the company. There have been five recommendations to purchase the stock made by research experts and two recommendations to hold the stock. Analysts who have recently covered the stock have provided the stock with a consensus target price of $20.43 for the next 12 months. The analysts provided this price target.
Reports that have been prepared contain the opinions of various analysts about AMPL. William Blair reiterated their “outperform” recommendation on the shares of Amplitude in a research report published on Thursday, December 8. In a research note published on November 3, Piper Sandler lowered their “overweight” rating for Amplitude and decreased their price target on the stock from $21.00 to $20.00. In addition, the price target on the stock had previously been $21.00. In a research note published on Wednesday, Robert W. Baird lowered their “neutral” rating and their price objective for Amplitude shares, which they had previously set at $20.00. Instead, they settled on $14.00 as their new price objective for the stock. Morgan Stanley lowered their price objective on shares of Amplitude from $17.00 to $16.00 and categorized the company as “equal weight” in a research note published on Monday, December 19. This was the last and most important point.
In other news, on Monday, October 10, President Thomas Neergaard Hansen sold 12,968 shares of company stock. This news comes from the Monday, October 10, sale. This is just one of the many events that have happened in recent times. Because each share was sold for an average price of $15.19, the total amount of money transacted during the sale was 196,983.92 dollars. The current value of the President’s holdings in the company is approximately 14,993,016.08 dollars, and he has a total of 987,032 shares in his possession. Because of a legal filing handed into the SEC, information regarding the transaction is now available to the general public. On the website of the SEC, you can locate this particular file. On November 17, Catherine Wong, a director of the company, sold 3,515 shares of company stock. The transaction took place (see other developments). The total amount obtained from the sale of the shares was $48,507.00, which is equivalent to an average price of $13.80 per share. After the sale of those shares, the director has a total of 103,910 shares in the company, and the value of those shares at present is approximately $1,433,958. Because of a legal filing handed into the SEC, information regarding the transaction is now available to the general public. On the website of the SEC, you can locate this particular file.
Additionally, on Monday, October 10, 12,968 shares of the company’s stock were sold by Thomas Neergaard Hansen, the company’s President. The stock was bought and sold for a total value of $196,983.92, with an average price per share of $15.19. This resulted in the accumulation of cash. The President is the owner of 987,032 shares of the company, and the value of those shares at the current market price is approximately $14,993,016.08. Disclosures that are related to the sale might be found in this section of the website. Insiders of the company have sold 18,459 shares of company stock in the most recent ninety days for a total price of $272,878. The total number of shares owned by the company’s insiders is 45.39 percent.
During the most recent period, significant investors have been engaged in the buying and selling shares in the company. James Investment Research Inc. increased its holdings in Amplitude by a factor of 282.4 percent during the second quarter of the year. James Investment Research Inc. now has 1,847 shares, valued at $26,000, after purchasing an additional 1,364 shares during the most recent quarter. US Bancorp DE made a fresh investment in Amplitude during the first three months of 2018, with a total value of $30,000 for the investment. The Nisa Investment Advisors LLC invested in Amplitude during the second quarter of 2018, worth $38,000. During the second quarter, Strs Ohio made a new investment in Amplitude shares that were worth a total of fifty thousand dollars. The Zurich Kantonalbank is the very last financial institution on the list. During the second quarter, Zurich Cantonalbank initiated a new holding in Amplitude shares valued at $78,000. Institutional investors and investors associated with hedge funds own a total of 40.90% of the company’s currently outstanding stock.
On Friday, AMPL opened for trading on the NASDAQ for $11.10. Over the past 52 weeks, the price of Amplitude has fluctuated between $10.97 and $60.49 at various points. The price-to-earnings ratio for the stock is currently -13.54, it has a market value of $1.26 billion, and its beta value is currently at 1.15. The moving averages for the past 50 days of the company’s stock are $14.11, and the moving averages for the past 200 days are $15.34.
Amplitude (NASDAQ: AMPL) updated its most recent quarterly earnings report on November 2, announcing its financial performance. The company reported a loss of earnings per share for the period of ($0.03), which was $0.05 higher than the average prediction of a loss of earnings per share of ($0.08). The return on equity for Amplitude was negative by a margin of 25.09%, and the net margin for the company was negative by 41.05%. The company announced sales for the quarter that came in at $61.61 million, which is significantly higher than the estimates of $60.19 million provided by industry experts. The company incurred a loss of $0.51 per share during the same period in the previous year. Compared to the previous year’s numbers, the rise in the company’s revenue was 35.5% higher. The projections of equity research analysts indicate that Amplitude will bring in a profit of 0.81 cents per share in total during the current fiscal year.
Amplitude, Inc. provides a digital optimization solution that can be utilized to analyze customer behavior towards digital products in both the United States of America and other countries. It provides Amplitude analytics for understanding customer behavior, Amplitude Recommend, a no-code personalization solution that boosts customer engagement by tailoring digital products and campaigns to each user based on behavior, Amplitude Experiment, an integrated solution that enables teams to decide and deliver product experiences for their customers through A/B tests and controlled feature releases, and Amplitude Behavioral Graph, a proprietary database. Amplitude Experiment is a no-code personalization solution that boosts customer Amplitude Experiment is an integrated solution that makes it possible for teams to make decisions and deliver products.
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