Amplitude (NASDAQ:AMPL) Releases Q2 Earnings Guidance

Amplitude (NASDAQ:AMPLGet Free Report) issued an update on its second quarter earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $(0.02)-(0.01) for the period, compared to the consensus estimate of ($0.01). The company issued revenue guidance of $71.7-72.3 million, compared to the consensus revenue estimate of $72.00 million. Amplitude also updated its FY24 guidance to $0.07-0.09 EPS.

Amplitude Trading Up 3.4 %

Shares of NASDAQ:AMPL traded up $0.32 during mid-day trading on Friday, reaching $9.75. The company had a trading volume of 2,865,552 shares, compared to its average volume of 467,450. The company’s 50-day moving average price is $10.10 and its 200-day moving average price is $11.42. Amplitude has a one year low of $8.76 and a one year high of $14.42. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of -13.36 and a beta of 1.36.

Amplitude (NASDAQ:AMPLGet Free Report) last issued its earnings results on Tuesday, February 20th. The company reported ($0.16) earnings per share (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. On average, research analysts anticipate that Amplitude will post -0.61 EPS for the current fiscal year.

Analysts Set New Price Targets

AMPL has been the topic of a number of analyst reports. Scotiabank cut shares of Amplitude from a sector outperform rating to a sector perform rating and set a $12.00 target price on the stock. in a report on Wednesday, February 21st. Morgan Stanley lowered 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. KeyCorp started coverage on shares of Amplitude in a report on Thursday, March 21st. They set a sector weight rating on the stock. Piper Sandler restated a neutral rating and set a $11.00 price target on shares of Amplitude in a research report on Wednesday, February 21st. Finally, Citigroup reduced their price target on shares of Amplitude from $14.00 to $13.00 and set a neutral rating for the company in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of Hold and an average price target of $11.20.

Get Our Latest Stock Analysis on AMPL

Insider Activity

In related news, Director Catherine Wong sold 3,515 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $9.16, for a total value of $32,197.40. Following the completion of the transaction, the director now directly owns 82,820 shares in the company, valued at $758,631.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.

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Earnings History and Estimates for Amplitude (NASDAQ:AMPL)

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