Amplitude (NASDAQ:AMPL – Get Free Report) updated its second quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of -0.020–0.010 for the period, compared to the consensus estimate of 0.010. The company issued revenue guidance of $71.7 million-$72.3 million, compared to the consensus revenue estimate of $71.5 million. Amplitude also updated its FY 2024 guidance to 0.070-0.090 EPS.
Amplitude Stock Performance
Shares of NASDAQ AMPL traded down $0.18 during trading hours on Thursday, hitting $9.26. The stock had a trading volume of 651,296 shares, compared to its average volume of 424,551. The firm’s 50-day moving average price is $10.51 and its two-hundred day moving average price is $11.49. Amplitude has a 52 week low of $8.50 and a 52 week high of $14.42. The company has a market capitalization of $1.12 billion, a P/E ratio of -11.87 and a beta of 1.36.
Amplitude (NASDAQ:AMPL – Get 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 return on equity of 27.73% and a negative net margin of 32.71%. The business had revenue of $71.40 million for the quarter, compared to analyst estimates of $71.56 million. As a group, analysts expect that Amplitude will post -0.62 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Read Our Latest Research Report on Amplitude
Insider Buying and Selling at Amplitude
In other news, Director Catherine Wong sold 3,515 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $11.97, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 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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