Amplitude (NASDAQ:AMPL) Releases FY24 Earnings Guidance

Amplitude (NASDAQ:AMPLGet Free Report) issued an update on its FY24 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $0.07-0.09 for the period, compared to the consensus estimate of $0.08. The company issued revenue guidance of $292.5-295.5 million, compared to the consensus revenue estimate of $294.09 million. Amplitude also updated its Q2 guidance to $(0.02)-(0.01) EPS.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AMPL shares. Scotiabank cut Amplitude from a sector outperform rating to a sector perform rating and set a $12.00 price target for the company. in a report on Wednesday, February 21st. KeyCorp started coverage on shares of Amplitude in a research report on Thursday, March 21st. They issued a sector weight rating on the stock. Piper Sandler reiterated a neutral rating and set a $11.00 price objective on shares of Amplitude in a research report on Wednesday, February 21st. Morgan Stanley reduced their target price on shares of Amplitude from $10.00 to $9.00 and set an underweight rating on the stock in a report on Friday, May 10th. Finally, UBS Group lowered their price target on shares of Amplitude from $13.00 to $11.00 and set a neutral rating for the company in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, Amplitude has an average rating of Hold and a consensus target price of $11.20.

View Our Latest Stock Report on AMPL

Amplitude Price Performance

Shares of Amplitude stock traded up $0.32 during trading on Friday, hitting $9.75. The stock had a trading volume of 2,865,552 shares, compared to its average volume of 467,450. The stock has a market cap of $1.19 billion, a PE ratio of -13.36 and a beta of 1.36. Amplitude has a 12 month low of $8.76 and a 12 month high of $14.42. The firm’s fifty day simple moving average is $10.10 and its 200-day simple moving average is $11.42.

Amplitude (NASDAQ:AMPLGet Free Report) last released its earnings results on Tuesday, February 20th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). Amplitude had a negative net margin of 30.28% and a negative return on equity of 26.15%. The business had revenue of $71.40 million for the quarter, compared to the consensus estimate of $71.56 million. Analysts expect that Amplitude will post -0.61 earnings per share for the current fiscal year.

Insider Transactions at Amplitude

In other news, Director Catherine Wong sold 3,515 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $9.16, for a total value of $32,197.40. Following the transaction, the director now directly owns 82,820 shares in the company, valued at $758,631.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 28.71% of the company’s stock.

Amplitude Company Profile

(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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