Amplitude (NASDAQ:AMPL – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.05-$0.08 for the period, compared to the consensus estimate of $0.08. The company issued revenue guidance of $294.5-$296.5 million, compared to the consensus revenue estimate of $294.03 million. Amplitude also updated its FY 2024 guidance to 0.050-0.080 EPS.
Amplitude Price Performance
Shares of Amplitude stock opened at $7.95 on Friday. The firm has a market cap of $968.64 million, a P/E ratio of -10.89 and a beta of 1.31. The firm has a 50 day simple moving average of $8.37 and a 200 day simple moving average of $10.11. Amplitude has a fifty-two week low of $7.37 and a fifty-two week high of $14.42.
Amplitude (NASDAQ:AMPL – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.18). The company had revenue of $73.30 million during the quarter, compared to analyst estimates of $71.98 million. Amplitude had a negative net margin of 30.28% and a negative return on equity of 26.15%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.17) EPS. On average, sell-side analysts expect that Amplitude will post -0.62 EPS for the current year.
Analysts Set New Price Targets
Check Out Our Latest Research Report on AMPL
Insider Transactions at Amplitude
In other news, Director Catherine Wong sold 3,515 shares of Amplitude stock in a transaction on Friday, May 17th. The shares were sold at an average price of $9.16, for a total transaction of $32,197.40. Following the transaction, the director now directly owns 82,820 shares of the company’s stock, valued at $758,631.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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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