Amplitude (NASDAQ:AMPL) Stock Gets Price Target Boost from BTIG Research

Amplitude (NASDAQ:AMPL) had its target price lifted by analysts at BTIG Research from $17.00 to $19.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research‘s target price suggests a potential upside of 13.77% from the stock’s previous close.

A number of other research firms also recently issued reports on AMPL. Citigroup lifted their price objective on Amplitude from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Morgan Stanley raised their target price on shares of Amplitude from $12.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Needham & Company LLC boosted their price target on shares of Amplitude from $18.00 to $21.00 and gave the stock a “buy” rating in a research report 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. Finally, UBS Group increased their price objective on shares of Amplitude from $8.50 to $13.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $17.64.

Amplitude Price Performance

Shares of AMPL stock traded up $0.60 during trading hours on Thursday, hitting $16.70. The stock had a trading volume of 2,412,851 shares, compared to its average volume of 1,788,137. Amplitude has a one year low of $5.51 and a one year high of $18.85. The stock’s 50-day moving average price is $14.81 and its two-hundred day moving average price is $9.79. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of -21.97 and a beta of 1.30.

Amplitude (NASDAQ:AMPL) last posted its earnings results on Wednesday, November 4th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Amplitude had a negative return on equity of 42.62% and a negative net margin of 26.59%. The company had revenue of $110.64 million for the quarter, compared to the consensus estimate of $107.02 million. As a group, equities research analysts predict that Amplitude will post -0.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Spenser Skates sold 185,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $12.30, for a total transaction of $2,275,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nathaniel Glenn Crook sold 300,000 shares of the stock in a transaction on Friday, September 4th. The shares were 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. The trade was a 15.60% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 675,049 shares of company stock valued at $9,276,846. Company insiders own 21.59% of the company’s stock.

Hedge Funds Weigh In On Amplitude

A number of large investors have recently made changes to their positions in AMPL. Squarepoint Ops LLC lifted its stake in Amplitude by 43.4% in the second quarter. Squarepoint Ops LLC now owns 1,021,647 shares of the company’s stock worth $7,816,000 after purchasing an additional 309,252 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Amplitude by 368.1% during the first quarter. Dimensional Fund Advisors LP now owns 617,713 shares of the company’s stock valued at $4,213,000 after buying an additional 485,752 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Amplitude during the first quarter valued at approximately $3,930,000. First Trust Advisors LP raised its holdings in shares of Amplitude by 362.8% in the first quarter. First Trust Advisors LP now owns 424,566 shares of the company’s stock worth $2,896,000 after buying an additional 332,830 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in shares of Amplitude by 1,683.8% during the 1st quarter. Quantinno Capital Management LP now owns 370,515 shares of the company’s stock worth $2,527,000 after acquiring an additional 349,744 shares during the last quarter. 73.20% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting 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.