Amplitude (NASDAQ:AMPL – Get Free Report) updated its second quarter earnings guidance on Thursday. The company provided earnings per share guidance of ($0.02)-($0.01) for the period, compared to the consensus earnings per share 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 FY24 guidance to $0.07-$0.09 EPS.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on AMPL shares. Piper Sandler reaffirmed a neutral rating and issued a $11.00 price target on shares of Amplitude in a report on Wednesday, February 21st. Morgan Stanley reduced their price objective on shares of Amplitude from $12.00 to $10.00 and set an underweight rating for the company in a research report on Wednesday, April 17th. Citigroup cut their target price on shares of Amplitude from $14.00 to $13.00 and set a neutral rating for the company in a research note on Wednesday, February 21st. KeyCorp started coverage on shares of Amplitude in a research note on Thursday, March 21st. They issued a sector weight rating on the stock. Finally, Scotiabank cut Amplitude from a sector outperform rating to a sector perform rating and set a $12.00 target price for the company. in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $11.50.
Check Out Our Latest Stock Analysis on Amplitude
Amplitude Trading Down 1.9 %
Amplitude (NASDAQ:AMPL – Get Free Report) last issued 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). The business had revenue of $71.40 million during the quarter, compared to analysts’ expectations of $71.56 million. Amplitude had a negative net margin of 32.71% and a negative return on equity of 27.73%. As a group, research analysts anticipate that Amplitude will post -0.62 earnings per share for the current year.
Insider Transactions at Amplitude
In other Amplitude 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 transaction, the director now directly owns 86,335 shares in the company, valued at $1,033,429.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 28.71% 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.
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