BTIG Research Issues Positive Forecast for Amplitude (NASDAQ:AMPL) Stock Price

Amplitude (NASDAQ:AMPL) had its target price boosted by BTIG Research from $17.00 to $19.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research‘s target price would suggest a potential upside of 10.53% from the stock’s current price.

AMPL has been the subject of a number of other research reports. Morgan Stanley raised their price target on shares of Amplitude from $12.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Piper Sandler boosted their price target on Amplitude from $13.00 to $18.00 and gave the company an “overweight” rating in a research note on Wednesday, September 30th. Citigroup lifted their target price on Amplitude from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. UBS Group raised their price target on shares of 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 boosted their target price on shares of 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, eight have assigned 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 stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.45.

Amplitude Trading Up 2.1%

AMPL opened at $17.19 on Thursday. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of -22.92 and a beta of 1.30. Amplitude has a 12 month low of $5.51 and a 12 month high of $17.84. The stock has a fifty day moving average price of $14.70 and a 200-day moving average price of $9.73.

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

Insider Transactions at Amplitude

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 sale was disclosed in a legal filing with the SEC, which can be accessed 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 firm’s stock in a transaction 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 completion of the sale, the insider directly owned 1,622,696 shares of the company’s stock, valued at $21,078,821.04. This trade 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. Insiders sold a total of 674,087 shares of company stock worth $9,260,009 over the last ninety days. 21.59% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amplitude

A number of institutional investors have recently bought and sold shares of the company. Squarepoint Ops LLC increased its holdings in shares of 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. Dimensional Fund Advisors LP grew its position in 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 during the period. Arrowstreet Capital Limited Partnership purchased a new position in Amplitude in the first quarter worth approximately $3,930,000. First Trust Advisors LP increased its stake in Amplitude by 362.8% during the first quarter. First Trust Advisors LP now owns 424,566 shares of the company’s stock worth $2,896,000 after acquiring an additional 332,830 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in shares of Amplitude by 1,683.8% in the 1st quarter. Quantinno Capital Management LP now owns 370,515 shares of the company’s stock valued at $2,527,000 after purchasing an additional 349,744 shares during the last quarter. 73.20% of the stock is owned by hedge funds and other institutional investors.

Key Amplitude News

Here are the key news stories impacting Amplitude this week:

• Positive Sentiment: Amplitude reported third-quarter EPS of $0.04, beating the $0.03 consensus and rising from $0.02 a year earlier. Revenue of about $110.6 million also topped expectations of $107.0 million. Zacks report on third-quarter results
• Positive Sentiment: Coverage highlighted 25% revenue growth and a record margin, with enterprise AI adoption and new products contributing to growth. The company’s full-year outlook also exceeded expectations, supporting optimism about momentum beyond the quarter. Q3 business and growth analysis Q3 sales and outlook report
• Positive Sentiment: Needham raised its price target to $21 from $18 and maintained a Buy rating. Analysts have also lifted forecasts after the better-than-expected quarter, signaling increased confidence in Amplitude’s prospects. Analyst forecast changes
• Neutral Sentiment: Despite the positive quarterly results, Amplitude still reported a negative net margin and negative return on equity, so sustained growth and improving profitability remain important to the investment outlook.

About Amplitude

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.