Amplitude (NASDAQ:AMPL) Updates Q4 2021 Earnings Guidance

Amplitude (NASDAQ:AMPL) issued an update on its fourth quarter 2021 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $-0.080-$-0.070 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.160. The company issued revenue guidance of $46 million-$47 million, compared to the consensus revenue estimate of $45.28 million.Amplitude also updated its FY 2021 guidance to $-0.370-$-0.350 EPS.

NASDAQ:AMPL traded down $0.73 during trading hours on Thursday, hitting $67.54. 905,197 shares of the stock traded hands, compared to its average volume of 1,018,383. Amplitude has a 1 year low of $48.86 and a 1 year high of $87.98.

A number of research firms have weighed in on AMPL. UBS Group began coverage on shares of Amplitude in a research report on Monday, October 25th. They set a buy rating and a $78.00 price objective on the stock. KeyCorp started coverage on shares of Amplitude in a report on Monday, October 25th. They issued an overweight rating and a $79.00 price target on the stock. Morgan Stanley upped their price target on shares of Amplitude from $72.00 to $79.00 and gave the stock an equal weight rating in a report on Wednesday, November 10th. Bank of America started coverage on shares of Amplitude in a report on Monday, October 25th. They issued a neutral rating and a $75.00 price target on the stock. Finally, Robert W. Baird started coverage on shares of Amplitude in a report on Monday, October 25th. They issued a neutral rating and a $70.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus target price of $76.20.

In related news, CAO Ninos Sarkis sold 12,000 shares of the stock in a transaction that occurred on Friday, November 12th. The shares were sold at an average price of $74.11, for a total value of $889,320.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Battery Management Corp. sold 25,546 shares of the stock in a transaction that occurred on Friday, November 12th. The stock was sold at an average price of $73.35, for a total transaction of $1,873,799.10. The disclosure for this sale can be found here. Insiders sold a total of 354,426 shares of company stock valued at $25,802,040 over the last ninety days.

An institutional investor recently bought a new position in Amplitude stock. Morgan Stanley purchased a new position in shares of Amplitude Inc (NASDAQ:AMPL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,182 shares of the company’s stock, valued at approximately $173,000.

Amplitude Company Profile

Amplitude Inc is a pioneer in digital optimization. Amplitude Inc is based in SAN FRANCISCO.

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Earnings History and Estimates for Amplitude (NASDAQ:AMPL)

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