Amplitude (NASDAQ:AMPL) Stock Lifted to Buy by Wall Street Zen

Amplitude (NASDAQ:AMPL) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other equities analysts also recently weighed in on the company. KeyCorp raised their price target on Amplitude from $14.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday. Needham & Company LLC boosted their price target on Amplitude from $18.00 to $21.00 and gave the company a “buy” rating in a report on Thursday. Citigroup upped their target price on shares of Amplitude from $11.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday. DA Davidson upped their price target on Amplitude from $10.00 to $12.50 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, UBS Group increased their price target on Amplitude from $13.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has assigned 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 $17.64.

Amplitude Stock Up 3.7%

Shares of AMPL opened at $16.70 on Friday. Amplitude has a twelve month low of $5.51 and a twelve month high of $18.85. The company has a 50 day moving average of $14.81 and a two-hundred day moving average of $9.79. The company has a market cap of $1.69 billion, a price-to-earnings ratio of -21.97 and a beta of 1.30.

Amplitude (NASDAQ:AMPL) last issued its earnings results on Wednesday, November 4th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $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 $110.64 million during the quarter, compared to analysts’ expectations of $107.02 million. On average, sell-side analysts expect that Amplitude will post -0.66 EPS for the current year.

Insider Activity at Amplitude

In other Amplitude news, insider Nathaniel Glenn Crook sold 300,000 shares of the company’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 transaction, the insider owned 1,622,696 shares of the company’s stock, valued at $21,078,821.04. This represents a 15.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 shares were sold at an average price of $12.30, for a total value of $2,275,500.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 675,049 shares of company stock valued at $9,276,846 in the last three months. Corporate insiders own 21.59% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its holdings in Amplitude by 368.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 617,713 shares of the company’s stock worth $4,213,000 after purchasing an additional 485,752 shares during the last quarter. First Trust Advisors LP raised its position in shares of Amplitude by 362.8% during the 1st 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 in the last quarter. Squarepoint Ops LLC boosted its position in shares of 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 buying an additional 309,252 shares during the period. Vontobel Holding Ltd. bought a new stake in shares of Amplitude during the 3rd quarter worth about $1,011,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Amplitude during the second quarter worth $2,204,000. Institutional investors and hedge funds own 73.20% of the company’s stock.

Amplitude News Summary

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

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.