Amplitude (NASDAQ:AMPL) Price Target Raised to $22.00

Amplitude (NASDAQ:AMPL) had its target price boosted by UBS Group from $13.00 to $22.00 in a report issued on Thursday,Benzinga reports. They currently have a buy rating on the stock.

AMPL has been the subject of several other reports. Piper Sandler upped their target price on shares of Amplitude from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday. BTIG Research lifted their price target on shares of Amplitude from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday. Weiss Ratings raised shares of Amplitude from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. Morgan Stanley boosted their price objective on shares of Amplitude from $12.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Finally, DA Davidson boosted their price objective on shares of Amplitude from $10.00 to $12.50 and gave the stock a “buy” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Amplitude currently has an average rating of “Moderate Buy” and a consensus target price of $17.64.

Amplitude Stock Up 3.7%

NASDAQ AMPL opened at $16.70 on Thursday. Amplitude has a fifty-two week low of $5.51 and a fifty-two week high of $18.85. The business has a 50 day moving average price of $14.81 and a two-hundred day moving average price of $9.79. The stock has a market cap of $1.69 billion, a PE ratio of -21.97 and a beta of 1.30.

Amplitude (NASDAQ:AMPL) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $110.64 million for the quarter, compared to analyst estimates of $107.02 million. Amplitude had a negative net margin of 25.24% and a negative return on equity of 45.71%. Sell-side analysts anticipate that Amplitude will post -0.66 EPS for the current fiscal year.

Insider Buying and Selling

In other Amplitude news, CEO Spenser Skates sold 6,651 shares of Amplitude stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $17.53, for a total transaction of $116,592.03. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Nathaniel Glenn Crook sold 300,000 shares of Amplitude stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $12.99, for a total value of $3,897,000.00. Following the sale, the insider owned 1,622,696 shares in the company, valued at $21,078,821.04. This represents a 15.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 675,049 shares of company stock valued at $9,276,846. 21.59% of the stock is owned by insiders.

Institutional Trading of Amplitude

A number of hedge funds and other institutional investors have recently made changes to their positions in AMPL. Vise Technologies Inc. lifted its holdings in shares of Amplitude by 6.4% in the third quarter. Vise Technologies Inc. now owns 14,040 shares of the company’s stock valued at $194,000 after purchasing an additional 843 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Amplitude by 169.1% during the third quarter. Nisa Investment Advisors LLC now owns 2,465 shares of the company’s stock valued at $34,000 after buying an additional 1,549 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Amplitude by 4.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 46,249 shares of the company’s stock valued at $661,000 after buying an additional 1,816 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of Amplitude by 838.1% during the third quarter. Sterling Capital Management LLC now owns 3,180 shares of the company’s stock valued at $44,000 after buying an additional 2,841 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in Amplitude during the second quarter valued at $48,000. Institutional investors own 73.20% of the company’s stock.

Trending Headlines about Amplitude

Here are the key news stories impacting Amplitude this week:

• Positive Sentiment: Q3 results beat expectations. Amplitude reported earnings of $0.04 per share versus the $0.03 consensus and revenue of $110.65 million versus estimates of $107.02 million. Reports also highlighted 25% revenue growth and a full-year outlook above expectations—signs of solid business momentum. Q3 earnings results Sales and outlook
• Positive Sentiment: Analysts raised price targets after the report. UBS lifted its target to $22 and maintained a Buy rating; KeyCorp and Piper Sandler also raised targets to $22 with Overweight ratings. Needham raised its target to $21 and BTIG to $19, both with Buy ratings. These revisions suggest analysts see further potential after the results. UBS target increase Analyst forecast changes
• Neutral Sentiment: Citigroup’s view was more cautious. Citi raised its target from $11 to $18 but retained a Neutral rating, implying more limited upside than the higher targets from other firms. Citigroup rating
• Neutral Sentiment: The CEO reported small stock sales. Spenser Skates sold 962 shares across two transactions for about $16,837 in total. The disclosed sales are modest in size and may have limited significance for investors. SEC filing

Amplitude Company Profile

Amplitude, Inc is a software company that provides digital analytics and product experience solutions. Its platform helps organizations collect, analyze and act on user behavior data across websites, mobile applications and other digital products.

The company’s offerings include Amplitude Analytics, which enables teams to measure user engagement, retention and conversion; experimentation tools for testing product changes; session replay capabilities for reviewing user interactions; and data management and governance features.