Amplitude (NASDAQ:AMPL) Issues Q2 Earnings Guidance

Amplitude (NASDAQ:AMPLGet Free Report) issued an update on its second quarter earnings guidance on Thursday morning. The company provided EPS guidance of ($0.02)-($0.01) for the period, compared to the consensus EPS estimate of $0.01. The company issued revenue guidance of $71.7-$72.3 million, compared to the consensus revenue estimate of $71.53 million. Amplitude also updated its FY 2024 guidance to 0.070-0.090 EPS.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. KeyCorp assumed coverage on shares of Amplitude in a research note on Thursday, March 21st. They issued a sector weight rating on the stock. UBS Group cut their target price on shares of Amplitude from $13.00 to $11.00 and set a neutral rating on the stock in a research note on Friday. Piper Sandler restated a neutral rating and issued a $11.00 target price on shares of Amplitude in a research note on Wednesday, February 21st. Citigroup cut their target price on shares of Amplitude from $14.00 to $13.00 and set a neutral rating on the stock in a research note on Wednesday, February 21st. Finally, Scotiabank lowered shares of Amplitude from a sector outperform rating to a sector perform rating and set a $12.00 price objective on the stock. in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of Hold and a consensus price target of $11.20.

View Our Latest Report on Amplitude

Amplitude Trading Down 1.5 %

AMPL traded down $0.14 on Friday, hitting $9.12. 895,789 shares of the company’s stock were exchanged, compared to its average volume of 315,167. The stock has a fifty day moving average of $10.42 and a two-hundred day moving average of $11.47. Amplitude has a twelve month low of $8.50 and a twelve month high of $14.42. The firm has a market cap of $1.10 billion, a PE ratio of -12.49 and a beta of 1.36.

Amplitude (NASDAQ:AMPLGet Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.01). Amplitude had a negative net margin of 30.28% and a negative return on equity of 26.09%. The firm had revenue of $71.40 million during the quarter, compared to analyst estimates of $71.56 million. On average, analysts predict that Amplitude will post -0.62 EPS for the current year.

Insider Activity

In other news, Director Catherine Wong sold 3,515 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $11.97, for a total value of $42,074.55. Following the completion of the transaction, the director now directly owns 86,335 shares in the company, valued at $1,033,429.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 28.71% of the company’s stock.

About Amplitude

(Get Free Report)

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.

See Also

Earnings History and Estimates for Amplitude (NASDAQ:AMPL)

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