Needham & Company LLC Forecasts Strong Price Appreciation for Amplitude (NASDAQ:AMPL) Stock

Amplitude (NASDAQ:AMPL) had its price objective upped by research analysts at Needham & Company LLC from $18.00 to $21.00 in a research note issued on Thursday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC‘s price objective indicates a potential upside of 25.75% from the stock’s current price.

Other research analysts have also recently issued reports about the company. UBS Group boosted their target price on Amplitude from $8.50 to $13.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. DA Davidson upped their target price on shares of Amplitude from $10.00 to $12.50 and gave the company a “buy” rating in a report on Thursday, August 6th. Morgan Stanley upped their price target on shares of Amplitude from $12.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Citigroup raised 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. Finally, Weiss Ratings raised shares of Amplitude from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $17.64.

Amplitude Trading Up 3.7%

Shares of AMPL traded up $0.60 during mid-day trading on Thursday, hitting $16.70. 2,412,851 shares of the company traded hands, compared to its average volume of 1,788,137. The business has a 50-day moving average of $14.81 and a 200 day moving average of $9.79. Amplitude has a one year low of $5.51 and a one year high of $18.85. 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 quarterly 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. The business had revenue of $110.64 million for the quarter, compared to analysts’ expectations of $107.02 million. Amplitude had a negative return on equity of 42.62% and a negative net margin of 26.59%. As a group, analysts anticipate that Amplitude will post -0.66 earnings per share for the current year.

Insider Activity

In other news, insider Nathaniel Glenn Crook sold 300,000 shares of the business’s stock in a transaction dated 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 directly owned 1,622,696 shares of the company’s stock, valued at $21,078,821.04. The trade was a 15.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Spenser Skates sold 185,000 shares of the company’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. Over the last three months, insiders sold 675,049 shares of company stock valued at $9,276,846. Corporate insiders own 21.59% of the company’s stock.

Hedge Funds Weigh In On Amplitude

A number of institutional investors and hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC grew its position 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 period. Dimensional Fund Advisors LP lifted its position in shares of Amplitude by 368.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 617,713 shares of the company’s stock valued at $4,213,000 after acquiring an additional 485,752 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in Amplitude during the first quarter worth $3,930,000. First Trust Advisors LP boosted 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 in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in Amplitude by 1,683.8% during the first 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 in the last quarter. 73.20% of the stock is currently owned by institutional investors.

Trending Headlines about 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.