FY2024 Earnings Estimate for Amplitude Issued By Scotiabank

Amplitude, Inc. (NASDAQ:AMPL) – Equities researchers at Scotiabank issued their FY2024 earnings estimates for shares of Amplitude in a research note issued on Wednesday, January 8th. Scotiabank analyst N. Altmann expects that the company will post earnings of ($0.67) per share for the year. Scotiabank has a “Sector Perform” rating and a $12.00 price objective on the stock. The consensus estimate for Amplitude’s current full-year earnings is ($0.67) per share. Scotiabank also issued estimates for Amplitude’s FY2025 earnings at ($0.58) EPS.

Several other equities research analysts also recently weighed in on the company. Piper Sandler raised Amplitude from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $11.00 to $15.00 in a research report on Monday. KeyCorp raised Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 target price on the stock in a report on Friday, December 13th. Finally, Robert W. Baird upped their price objective on Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $12.14.

Amplitude Price Performance

NASDAQ:AMPL opened at $10.67 on Friday. The firm has a market capitalization of $1.01 billion, a P/E ratio of -15.93 and a beta of 1.34. The company’s fifty day moving average price is $10.68 and its 200-day moving average price is $9.33. Amplitude has a 1-year low of $7.37 and a 1-year high of $14.42.

Insider Buying and Selling

In related news, Director Eric Vishria sold 6,437 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $12.02, for a total value of $77,372.74. Following the completion of the transaction, the director now directly owns 279,771 shares of the company’s stock, valued at approximately $3,362,847.42. This represents a 2.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Amplitude

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMPL. FMR LLC raised its position in shares of Amplitude by 0.8% in the third quarter. FMR LLC now owns 8,056,003 shares of the company’s stock valued at $72,262,000 after buying an additional 64,574 shares during the last quarter. Geode Capital Management LLC raised its holdings in Amplitude by 7.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,903,531 shares of the company’s stock valued at $17,078,000 after acquiring an additional 126,056 shares during the last quarter. ArrowMark Colorado Holdings LLC raised its holdings in Amplitude by 56.6% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,482,738 shares of the company’s stock valued at $13,300,000 after acquiring an additional 535,624 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Amplitude by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 651,605 shares of the company’s stock worth $5,845,000 after purchasing an additional 20,657 shares in the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of Amplitude by 524.9% during the 3rd quarter. Cerity Partners LLC now owns 460,624 shares of the company’s stock worth $4,132,000 after purchasing an additional 386,915 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.