Amplitude (NASDAQ:AMPL) Hits New 1-Year High – Still a Buy?

Amplitude, Inc. (NASDAQ:AMPL) shares hit a new 52-week high on Thursday . The company traded as high as $13.68 and last traded at $13.6950, with a volume of 158384 shares trading hands. The stock had previously closed at $12.96.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AMPL shares. Citigroup increased their price target on shares of Amplitude from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Weiss Ratings raised Amplitude from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. Morgan Stanley upped their target price on Amplitude from $12.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. UBS Group increased their target price on Amplitude from $8.50 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, DA Davidson raised their target price on Amplitude from $10.00 to $12.50 and gave the company a “buy” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.55.

Amplitude Stock Up 7.0%

The firm has a market cap of $1.40 billion, a PE ratio of -18.41 and a beta of 1.42. The stock’s fifty day simple moving average is $9.77 and its two-hundred day simple moving average is $7.94.

Amplitude (NASDAQ:AMPL) last announced its earnings results on Wednesday, August 5th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). Amplitude had a negative net margin of 26.59% and a negative return on equity of 42.62%. The business had revenue of $100.89 million during the quarter, compared to the consensus estimate of $98.16 million. Amplitude has set its Q3 2026 guidance at 0.020-0.030 EPS and its FY 2026 guidance at 0.060-0.080 EPS. On average, equities research analysts anticipate that Amplitude, Inc. will post -0.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Curtis Liu sold 22,201 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $8.03, for a total transaction of $178,274.03. Following the completion of the transaction, the chief technology officer owned 1,004,779 shares of the company’s stock, valued at $8,068,375.37. This trade represents a 2.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Catherine Wong sold 7,453 shares of Amplitude stock in a transaction on Friday, June 12th. The shares were sold at an average price of $6.79, for a total value of $50,605.87. Following the transaction, the director owned 111,462 shares of the company’s stock, valued at $756,826.98. The trade was a 6.27% decrease in their position. The SEC filing for this sale provides additional information. 21.59% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amplitude

Hedge funds have recently bought and sold shares of the company. Quarry LP purchased a new stake in Amplitude during the 3rd quarter valued at about $32,000. Osaic Holdings Inc. increased its stake in Amplitude by 57.8% during the 2nd quarter. Osaic Holdings Inc. now owns 5,132 shares of the company’s stock valued at $64,000 after purchasing an additional 1,879 shares in the last quarter. Morse Asset Management Inc purchased a new position in Amplitude in the fourth quarter worth about $116,000. Kemnay Advisory Services Inc. purchased a new position in Amplitude in the fourth quarter worth about $119,000. Finally, Merit Financial Group LLC bought a new position in shares of Amplitude in the fourth quarter worth approximately $120,000. Institutional investors own 73.20% of the company’s stock.

Amplitude Company Profile

Amplitude, Inc is a software company specializing in digital analytics and product intelligence solutions for businesses seeking to optimize user engagement and drive growth. Its core offering, the Amplitude Analytics platform, enables customers to collect and analyze behavioral data from web and mobile applications in real time. The platform provides advanced segmentation, funnel analysis, retention tracking and pathfinding tools that help product, marketing and data teams understand user journeys, identify friction points and measure the impact of new features.

Founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang, Amplitude is headquartered in Redwood City, California, with additional offices spanning North America, Europe and Asia.