What is Scotiabank’s Estimate for Amplitude FY2024 Earnings?

Amplitude, Inc. (NASDAQ:AMPL) – Research analysts at Scotiabank issued their FY2024 earnings estimates for Amplitude in a report issued on Wednesday, January 8th. Scotiabank analyst N. Altmann expects that the company will post earnings of ($0.67) per share for the year. Scotiabank has a “Sector Perform” rating and a $12.00 price objective on the stock. The consensus estimate for Amplitude’s current full-year earnings is ($0.67) per share. Scotiabank also issued estimates for Amplitude’s FY2025 earnings at ($0.58) EPS.

Several other equities research analysts also recently weighed in on AMPL. KeyCorp upgraded Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price target on the stock in a report on Friday, December 13th. Robert W. Baird lifted their target price on Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Piper Sandler raised shares of Amplitude from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $11.00 to $15.00 in a research note on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.14.

Amplitude Price Performance

Amplitude stock opened at $10.67 on Friday. Amplitude has a 1-year low of $7.37 and a 1-year high of $14.42. The company’s 50-day moving average is $10.68 and its 200 day moving average is $9.33. The firm has a market capitalization of $1.01 billion, a P/E ratio of -15.93 and a beta of 1.34.

Insider Transactions at Amplitude

In other Amplitude news, Director Eric Vishria sold 6,437 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $12.02, for a total transaction of $77,372.74. Following the sale, the director now owns 279,771 shares of the company’s stock, valued at approximately $3,362,847.42. This trade represents a 2.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Amplitude

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Quest Partners LLC purchased a new stake in shares of Amplitude during the second quarter worth about $41,000. Principal Financial Group Inc. purchased a new stake in Amplitude during the 2nd quarter worth approximately $92,000. Intech Investment Management LLC acquired a new position in Amplitude during the 3rd quarter valued at approximately $128,000. XTX Topco Ltd purchased a new position in shares of Amplitude in the second quarter worth $133,000. Finally, MQS Management LLC lifted its stake in shares of Amplitude by 69.4% during the second quarter. MQS Management LLC now owns 18,617 shares of the company’s stock worth $166,000 after buying an additional 7,625 shares during the period. Hedge funds and other institutional investors own 73.20% 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.