BTIG Research Forecasts Strong Price Appreciation for Amplitude (NASDAQ:AMPL) Stock

Amplitude (NASDAQ:AMPL) had its target price lifted by stock analysts at BTIG Research from $13.00 to $17.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research’s price target would indicate a potential upside of 11.99% from the company’s previous close.

AMPL has been the topic of a number of other reports. Morgan Stanley lifted 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. DA Davidson increased their price target on shares of Amplitude from $10.00 to $12.50 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Raymond James Financial assumed coverage on shares of Amplitude in a research report on Tuesday, June 30th. They set a “strong-buy” rating and a $10.00 price objective on the stock. UBS Group lifted their price objective on shares of Amplitude from $8.50 to $13.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Piper Sandler lifted their price objective on shares of Amplitude from $13.00 to $18.00 and gave the company an “overweight” rating in a research note on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $14.30.

Amplitude Stock Up 2.9%

AMPL opened at $15.18 on Tuesday. Amplitude has a 52 week low of $5.51 and a 52 week high of $16.17. The business’s 50 day moving average is $13.72 and its two-hundred day moving average is $9.78. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of -20.24 and a beta of 1.49.

Amplitude (NASDAQ:AMPL) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $100.89 million during the quarter, compared to the consensus estimate of $98.16 million. Amplitude had a negative return on equity of 42.62% and a negative net margin of 26.59%. Amplitude has set its Q3 2026 guidance at 0.020-0.030 EPS and its FY 2026 guidance at 0.060-0.080 EPS. Equities analysts expect that Amplitude will post -0.66 EPS for the current fiscal year.

Insider Buying and Selling

In other Amplitude news, CEO Spenser Skates sold 70,087 shares of Amplitude stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $14.52, for a total value of $1,017,663.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Nathaniel Glenn Crook sold 300,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 1,622,696 shares in the company, valued at approximately $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. Insiders have sold a total of 560,000 shares of company stock valued at $7,261,156 over the last ninety days. 21.59% of the stock is owned by insiders.

Institutional Investors Weigh In On Amplitude

Several hedge funds have recently modified their holdings of AMPL. Vontobel Holding Ltd. purchased a new position in Amplitude in the 3rd quarter valued at $1,011,000. Integrated Wealth Concepts LLC purchased a new position in Amplitude during the 2nd quarter worth $48,000. Squarepoint Ops LLC raised its position in Amplitude by 43.4% during the 2nd quarter. Squarepoint Ops LLC now owns 1,021,647 shares of the company’s stock worth $7,816,000 after buying an additional 309,252 shares during the last quarter. Corient Private Wealth LP raised its position in Amplitude by 982.2% during the 2nd quarter. Corient Private Wealth LP now owns 178,613 shares of the company’s stock worth $1,366,000 after buying an additional 162,109 shares during the last quarter. Finally, Madison Asset Management LLC acquired a new stake in shares of Amplitude in the 2nd quarter worth $2,390,000. 73.20% of the stock is owned by institutional investors and hedge funds.

About Amplitude

Amplitude, Inc is a software company that provides a digital analytics platform designed to help organizations understand and improve digital products and customer experiences. Its platform enables businesses to collect, analyze and visualize behavioral data from websites, mobile applications and other digital services.

The company’s product offerings include product analytics, session replay, experimentation and data management capabilities. These tools help product, marketing and engineering teams track user journeys, identify engagement trends, evaluate changes and make data-informed decisions throughout the product development and customer lifecycle.

Amplitude was founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang and is headquartered in San Francisco, California.