Amplitude, Inc. (NASDAQ:AMPL) Short Interest Update

Amplitude, Inc. (NASDAQ:AMPL) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 2,490,000 shares, a decline of 6.4% from the September 30th total of 2,660,000 shares. Approximately 3.5% of the shares of the company are sold short. Based on an average trading volume of 453,100 shares, the days-to-cover ratio is currently 5.5 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Amplitude by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 7,843,411 shares of the company’s stock worth $99,768,000 after buying an additional 105,616 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Amplitude by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 12,984 shares of the company’s stock worth $141,000 after purchasing an additional 1,099 shares during the period. Source Financial Advisors LLC grew its stake in shares of Amplitude by 9.5% in the first quarter. Source Financial Advisors LLC now owns 134,808 shares of the company’s stock worth $1,467,000 after purchasing an additional 11,643 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in Amplitude in the first quarter valued at $95,000. Finally, Swiss National Bank raised its position in Amplitude by 7.5% during the 1st quarter. Swiss National Bank now owns 132,100 shares of the company’s stock worth $1,437,000 after purchasing an additional 9,200 shares during the last quarter. 73.20% of the stock is currently owned by institutional investors.

Amplitude Stock Down 2.4 %

Shares of AMPL stock opened at $8.99 on Friday. The business has a fifty day simple moving average of $8.82 and a 200 day simple moving average of $8.83. The company has a market cap of $1.11 billion, a P/E ratio of -13.22 and a beta of 1.33. Amplitude has a twelve month low of $7.37 and a twelve month high of $14.42.

Amplitude (NASDAQ:AMPL) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.18). The company had revenue of $73.30 million during the quarter, compared to analyst estimates of $71.98 million. Amplitude had a negative net margin of 28.19% and a negative return on equity of 27.58%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.17) earnings per share. As a group, equities research analysts anticipate that Amplitude will post -0.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. UBS Group lowered their price target on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Robert W. Baird decreased their price target on Amplitude from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Finally, Piper Sandler cut their price objective on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $10.33.

About Amplitude

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.