Amplitude (NASDAQ:AMPL) Price Target Raised to $18.00

Amplitude (NASDAQ:AMPL) had its price target increased by equities researchers at Piper Sandler from $13.00 to $18.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price target would suggest a potential upside of 31.96% from the company’s current price.

Other research analysts have also issued reports about the company. BTIG Research increased their price objective on Amplitude from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Raymond James Financial initiated coverage on Amplitude in a research report on Tuesday, June 30th. They set a “strong-buy” rating and a $10.00 target price for the company. DA Davidson upped their price target on Amplitude from $10.00 to $12.50 and gave the company a “buy” rating in a research note on Thursday, August 6th. Citigroup raised their price target on Amplitude from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, Morgan Stanley lifted their price objective on Amplitude from $12.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. One research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.05.

Amplitude Stock Up 2.6%

Shares of NASDAQ AMPL opened at $13.64 on Wednesday. Amplitude has a 12-month low of $5.51 and a 12-month high of $14.76. The firm’s 50-day simple moving average is $12.17 and its 200 day simple moving average is $8.99. The company has a market cap of $1.38 billion, a price-to-earnings ratio of -18.19 and a beta of 1.50.

Amplitude (NASDAQ:AMPL) last announced its earnings results on Wednesday, August 5th. The company reported ($0.01) earnings per share for the quarter, hitting 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 company 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 analysts expect that Amplitude will post -0.66 earnings per share for the current year.

Insider Activity

In other Amplitude news, insider Nathaniel Glenn Crook sold 300,000 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $12.99, for a total transaction of $3,897,000.00. Following the transaction, the insider owned 1,622,696 shares in the company, valued at approximately $21,078,821.04. This trade represents a 15.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Spenser Skates sold 185,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $12.30, for a total value of $2,275,500.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 21.59% of the company’s stock.

Hedge Funds Weigh In On Amplitude

A number of hedge funds and other institutional investors have recently made changes to their positions in AMPL. Meros Investment Management LP increased its position in shares of Amplitude by 12.6% in the 4th quarter. Meros Investment Management LP now owns 861,874 shares of the company’s stock valued at $9,981,000 after buying an additional 96,779 shares in the last quarter. Gagnon Securities LLC lifted its holdings in Amplitude by 36.8% during the fourth quarter. Gagnon Securities LLC now owns 698,870 shares of the company’s stock worth $8,093,000 after acquiring an additional 188,139 shares in the last quarter. Squarepoint Ops LLC grew 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 valued at $7,816,000 after acquiring an additional 309,252 shares during the period. Gagnon Advisors LLC grew its stake in Amplitude by 29.5% in the fourth quarter. Gagnon Advisors LLC now owns 457,212 shares of the company’s stock valued at $5,295,000 after acquiring an additional 104,221 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Amplitude by 368.1% in the first quarter. Dimensional Fund Advisors LP now owns 617,713 shares of the company’s stock worth $4,213,000 after acquiring an additional 485,752 shares in the last quarter. 73.20% of the stock is owned by institutional investors.

Amplitude Company Profile

Amplitude, Inc (NASDAQ: AMPL) develops a digital analytics platform that helps companies understand how users interact with their websites, mobile applications and other digital products. Its software is designed to help organizations analyze customer behavior, identify opportunities for product improvement and support data-driven decision-making.

The company’s product offerings include Amplitude Analytics for behavioral and product analysis, along with tools for experimentation, session replay, customer data management and product performance monitoring.