FY2025 Earnings Forecast for Amplitude Issued By DA Davidson

Amplitude, Inc. (NASDAQ:AMPL) – DA Davidson cut their FY2025 earnings per share estimates for Amplitude in a research note issued to investors on Wednesday, December 18th. DA Davidson analyst G. Luria now anticipates that the company will post earnings per share of ($0.59) for the year, down from their prior forecast of ($0.57). The consensus estimate for Amplitude’s current full-year earnings is ($0.67) per share.

Several other brokerages have also commented on AMPL. Robert W. Baird increased their price objective on Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Scotiabank upped their price objective on shares of Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. 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, Piper Sandler lifted their price objective on shares of Amplitude from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $11.57.

Amplitude Stock Performance

AMPL stock opened at $10.96 on Friday. Amplitude has a one year low of $7.37 and a one year high of $14.42. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of -16.36 and a beta of 1.38. The firm has a 50-day simple moving average of $10.12 and a two-hundred day simple moving average of $9.08.

Institutional Trading of Amplitude

Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its stake in Amplitude by 19.5% in the second quarter. Renaissance Technologies LLC now owns 413,100 shares of the company’s stock worth $3,677,000 after acquiring an additional 67,500 shares during the last quarter. M&T Bank Corp raised its holdings in shares of Amplitude by 86.8% in the 3rd quarter. M&T Bank Corp now owns 156,688 shares of the company’s stock valued at $1,405,000 after purchasing an additional 72,806 shares in the last quarter. Walleye Capital LLC purchased a new stake in shares of Amplitude during the 3rd quarter worth $726,000. Horrell Capital Management Inc. purchased a new position in Amplitude in the third quarter valued at $1,597,000. Finally, Algert Global LLC purchased a new position in Amplitude in the third quarter valued at $708,000. 73.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amplitude

In other news, Director Eric Vishria sold 6,437 shares of Amplitude 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 sale, the director now directly owns 279,771 shares of the company’s stock, valued at approximately $3,362,847.42. The trade was a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.80% of the company’s stock.

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.