Piper Sandler Reiterates “Overweight” Rating for Amplitude’s Stock
April 12, 2023
Trending News 🌧️
Piper Sandler recently re-affirmed its “overweight” rating for Amplitude ($NASDAQ:AMPL)’s stock in a note issued to investors. Amplitude is a publicly traded software company based in San Francisco, California. Its advanced analytics platform is designed to help businesses identify user behavior trends and optimize product experiences.
With its integrated analytics, A/B testing and segmentation capabilities, Amplitude enables companies to create personalized customer experiences. With an expansive list of features and an ever-growing customer base, Piper Sandler believes Amplitude’s stock to be a strong investment opportunity.
Market Price
This is indicative of the fact that there is still strong support for Amplitude‘s stock, despite it not making any significant changes to its value. Going forward, Piper Sandler analysts are optimistic about the stock’s prospects and believe it will continue to be a good investment for those looking to maximize their returns. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Amplitude. More…
| Total Revenues | Net Income | Net Margin |
| 238.07 | -93.38 | -39.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Amplitude. More…
| Operations | Investing | Financing |
| -5.38 | -89.39 | 5.83 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Amplitude. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 413.75 | 118.79 | 2.58 |
Key Ratios Snapshot
Some of the financial key ratios for Amplitude are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 51.5% | – | -40.6% |
| FCF Margin | ROE | ROA |
| -4.7% | -20.5% | -14.6% |
Analysis
At GoodWhale, we have analyzed AMPLITUDE’s fundamentals and have categorized them as a ‘cheetah’, a type of company which has achieved high revenue and earnings growth but is considered less stable because of lower profitability. AMPLITUDE is strong in assets, growth and weak in dividend and profitability. After taking into account their cash flows and debt, we have determined that it has an intermediate health score of 6 out of 10 which suggests that it is likely to be able to pay off debt and fund future operations. The type of investors who may be interested in companies like AMPLITUDE are those who are willing to take on some risk but would like to benefit from the higher potential returns that come with a company that is growing rapidly. They should also be comfortable with the fact that there may be some periods of higher volatility as the company is less stable due to lower profitability. Amplitudes_Stock”>More…
Peers
In recent years, the competition between Amplitude Inc and its competitors has intensified, as the market for audio production and playback technology has become increasingly crowded. While Amplitude Inc has maintained its position as a leading provider of audio products and services, its competitors have also made significant strides in terms of innovation and customer satisfaction. As such, the competition between these companies is likely to continue to heat up in the coming years.
– AudioEye Inc ($NASDAQ:AEYE)
AudiEye Inc is a publicly traded company that provides website accessibility testing and monitoring services. The company has a market capitalization of $59.99 million and a return on equity of -113.07%. AudiEye’s services help website owners and operators ensure that their sites are accessible to people with disabilities. The company also offers consulting services to help organizations comply with the Americans with Disabilities Act (ADA) and other accessibility laws and regulations.
– INX Digital Co Inc ($OTCPK:INXDF)
NXDC is a digital media company that operates in the online entertainment industry. The company’s primary business is its online video platform, which offers a variety of content, including movies, television shows, and music videos. NXDC also owns and operates a number of other businesses, including an online payment service and a social media platform. The company is headquartered in Los Angeles, California.
– Perk Labs Inc ($OTCPK:PKLBF)
Perk Labs Inc is a mobile technology company that provides rewards and loyalty programs for businesses and consumers. The company has a market cap of 2.19M as of 2022 and a Return on Equity of -214.59%. The company’s products and services include Perk Rewards, Perk Points, and PerkPlatinum.
Summary
Investment firm Piper Sandler recently reissued an “overweight” rating for Amplitude’s stock. This rating indicates that Piper Sandler believes the stock is currently undervalued and offers investors a good chance of making a high return on their investment. Amplitude is a technology company that builds analytics tools to help organizations make better decisions. Given Piper Sandler’s “overweight” rating, Amplitude appears to be a wise investment opportunity.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
